Hanjin converts Indonesian representative office to corporation

Hanjin Transportation said Tuesday that it had converted its representative office in Jakarta, Indonesia, into a corporation last month to strengthen its logistics business in Southeast Asia.

According to company sources, CEO Noh Sam-sug visited Jakarta from the end of last month to the beginning of this month to discuss business expansion plans and hold business meetings with partner firms in different sectors.

The newly established Indonesian corporation is now handling international sea and air forwarding business from local destinations to the United States, Europe and China.

According to Hanjin, the size of the e-commerce market and the volume of cargo at ports and airports are continuously on the rise in Indonesia, so the growth of the logistics market is highly likely.

The company plans to diversify its business portfolio, which is currently focused on the forwarding business, into warehousing, trucking and e-commerce shipments by 2025.

In Southeast Asia, it has four corporations in Myanmar, Vietnam, Cambodia and Indonesia, as well as two representative offices in Thailand and Singapore.

Write to Jeong-Cheol Bae at bjc@hankyung.com