"Korea is an important, strategic demand base for corn, soybeans, wheat and distillers dried grains with solubles (DDGS)," says Brian Schouvieller, CHS vice-president of international business. "CHS has done business in Korea for many years. With this office, Korean customers will further gain acceptance of our farmer-owned business model. We plan to build on that base to serve more Korean customers and expand this market for our member-owners."
Charles Kim, who will manage the CHS Korea office, will be responsible for further building customer relationships and risk management. Prior to joining CHS, Kim was general manager and president of Cargill Korea Limited and also held an oilseed processing merchandising and risk management position for Cargill in the U.S.
CHS said growth in Asia-Pacific markets like Korea is a key component to adding volume and market access for long-term stakeholder value.
"Expanding our global capabilities and footprint in agriculture and energy commodities is one of the company's strategic aspirations," Schouvieller said.
CHS also has international marketing offices in Argentina, Brazil, Bulgaria, Canada, China, Hong Kong, Hungary, Jordan, Romania, Russia, Serbia, Spain, Switzerland and Ukraine.