Source: Kyodo News

Kyushu Railway Company: JR Kyushu to end Japan-South Korea ferry service over water leak

Kyushu Railway Co. said Monday it will terminate its ferry service between Fukuoka in southwestern Japan and South Korea's Busan as it was unable to resolve a water seepage issue affecting its Queen Beetle vessel that its subsidiary was found to have concealed.JR Kyushu will withdraw from on-water transport completely and liquidate the wholly-owned JR Kyushu Jet Ferry Inc., as it deemed it "cannot ensure operational safety" and due to questions over "the sustainability of future business activities," the parent company said in a statement.Read full story here

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Annual Revenue
$1.0-5.0B
Employees
10-50K
Yoji Furumiya's photo - President & CEO of Kyushu Railway Company

President & CEO

Yoji Furumiya

CEO Approval Rating

- -/100

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