Lotte Global Logistics, CoEvolution to develop automatic solutions

South Korea's Lotte Global Logistics announced on Wednesday that it has signed a memorandum of understanding (MOU) for a strategic partnership with CoEvolution, a Chinese specialist in automated control platforms.

Lotte Global Logistics and CoEvolution held the signing ceremony on Tuesday at the headquarters of CoEvolution located in Hangzhou, China. The event was attended by Baek Seungkee, Vice President of the Lotte Institute of Logistics Technology, and Lijun Zhu, the CEO of CoEvolution.

Both companies plan to collaborate to enhance the efficiency of logistics automation warehouses and promote technological advancements.

Last year, CoEvolution had previously established intelligent warehouses, including autonomous mobile robots, at Lotte Global Logistics' automated logistics center in Icheon, Gyeonggi Province.

Write to Hyung-Kyu Kim at khk@hankyung.com