Logistics
Logistics
SK Energy, Naver agree to develop gas stations into logistics hubs
Dec 23, 2022 (Gmt+09:00)
-
Logistics
KTNET shows off logistics platform for tracking cargo, documents
The Korea Trade Network (KTNET) held a grand opening event for its uTH 2.0, a digital trade logistics platform, in partnership with the Korea Interna...
Dec 22, 2022 (Gmt+09:00)
1 Min read -
Logistics
CJ Logistics expands global e-commerce shipping services
South Korea’s CJ Logistics Corp. is ramping up its cross-border e-commerce (CBE) businesses as its local rival Coupang Inc. is increasing domin...
Dec 14, 2022 (Gmt+09:00)
2 Min read -
Logistics
Doosan Logistics clinches deal to build Daiso's new hub center
South Korean system integrator Doosan Logistics Solution (DLS) has won a deal to build a new distribution center at 75 billion won ( $57 million).DL...
Dec 08, 2022 (Gmt+09:00)
1 Min read -
Logistics
Coupang to invest $4.7 billion in supply chains in Korea over 12 years
South Korea's e-commerce giant Coupang has briefed US Ambassador to Seoul Philip Goldberg at the company's fulfillment center in Daegu, a facility ...
Dec 08, 2022 (Gmt+09:00)
1 Min read -
Logistics
Hyundai Glovis, Malaysia’s Lion Group to enter ASEAN logistics market
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Wednesday it has signed an initial agreement with Malaysia...
Nov 16, 2022 (Gmt+09:00)
1 Min read -
Logistics
Hyundai Glovis signs $796 million shipping deal with global automaker
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Friday it has clinched a 1.05 trillion won ($796 million) ...
Nov 11, 2022 (Gmt+09:00)
1 Min read -
Logistics
Hyundai Mobis to build $69 mn integrated logistics center in Korea
South Korea’s largest auto parts maker Hyundai Mobis Co. said on Thursday it will spend 94.8 billion won ($69 million) to build an integrated l...
Nov 10, 2022 (Gmt+09:00)
1 Min read -
Logistics
Internet giant Naver to introduce same-hour delivery by year’s end
South Korea’s internet giant Naver Corp. plans to introduce same-hour delivery service by year’s end. Naver CEO Choi Soo-yeon announced ...
Nov 07, 2022 (Gmt+09:00)
1 Min read -
Tech, Media & Telecom
POSCO International, Netherlands’ Hardt sign deal on hyperloop project
POSCO International Corp., the general trading arm of South Korea’s steel giant POSCO Holdings Inc., said on Tuesday it is entering the hyperlo...
Nov 01, 2022 (Gmt+09:00)
1 Min read -
Logistics
LG Elec speeds up robot biz expansion in logistics sector
LG Electronics Inc., the world’s top home appliance maker, has ramped up expansion of robot applications in the smart logistics sector with its...
Oct 17, 2022 (Gmt+09:00)
1 Min read -
Logistics
EMP Belstar launches $300 mn Korea logistics fund
Energy and infrastructure-focused private equity firm EMP Belstar has launched its second logistics fund targeting cold storage facilities in South K...
Sep 15, 2022 (Gmt+09:00)
2 Min read -
Logistics
Hyundai Glovis receives $1.6 bn order from global carmaker
Hyundai Glovis announced on Wednesday that it received an order worth 2.2 trillion won ($1.6 billion) from a global carmaker, a record-high vehicle d...
Sep 14, 2022 (Gmt+09:00)
1 Min read -
Mergers & Acquisitions
LX Pantos mulls Air Premia acquisition to facilitate global logistics service
LX Pantos Co., the logistics unit of South Korea’s LX Group, is looking to acquire a controlling stake in local budget carrier Air Premia Co., ...
Aug 01, 2022 (Gmt+09:00)
2 Min read -
Logistics
Korean exporters fret over looming labor strife at Long Beach, Hamburg
South Korea’s major companies are anxious about looming labor strife at the Port of Long Beach, California and strikes at German ports – ...
Jul 12, 2022 (Gmt+09:00)
2 Min read -
Logistics
CJ Logistics steps up automated distribution system in SE Asia
South Korea’s major logistics firm CJ Logistics Corp. is accelerating business expansion in Southeast Asia. It has started applying a homegrown...
Jun 09, 2022 (Gmt+09:00)
1 Min readlanguage -
Logistics
Hyundai Glovis forms Thailand JV to expand SE Asia biz
South Korea’s Hyundai Glovis Co. set up a logistics joint venture in Thailand to expand its business in Southeast Asia.The logistics unit of So...
May 19, 2022 (Gmt+09:00)
2 Min read -
Logistics
Samsung SDS takes smart logistics platform Cello Square to China
Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer lo...
May 12, 2022 (Gmt+09:00)
1 Min read -
Automobiles
Kia chooses Coupang as first partner for purpose-built vehicle rollout
Kia Corp., South Korea’s second-largest automaker, has chosen Coupang Inc. as its first partner for the production of a purpose-built vehicle (...
Apr 15, 2022 (Gmt+09:00)
2 Min read -
Logistics
Mesh to raise up to $253 mn to become logistics unicorn
Logistics service provider Mesh Korea Co. plans to raise 200 billion to 300 billion won ($168.6 million to $253 million) in its upcoming rights issu...
Jan 13, 2022 (Gmt+09:00)
2 Min read -
Logistics
Coupang to shake up Korea’s logistics industry landscape
South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market ...
Jan 12, 2022 (Gmt+09:00)
3 Min read -
Private equity
Carlyle buys $510 mn stake in Hyundai Glovis
US private equity juggernaut The Carlyle Group Inc. has bought a 10% stake in Hyundai Glovis Co., worth approximately 611 billion won ($510 million)....
Jan 06, 2022 (Gmt+09:00)
4 Min read -
Logistics
Hyundai Glovis opens firm in Chengdu for logistics to Europe
Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has founded an affiliate in Chengdu, the largest trade city in western China, for railr...
Dec 29, 2021 (Gmt+09:00)
1 Min read -
Logistics
GS Retail invests $55 mn in Kakao Mobility to boost online presence
GS Retail Co. is investing 65 billion won ($55 million) in Kakao Mobility Corp., South Korea's No.1 taxi-hailing app, adding to its recent series of ...
Dec 02, 2021 (Gmt+09:00)
3 Min read -
Logistics
SK gas stations to become CJ Logistics micro-fulfillment centers
South Korea’s leading logistics company CJ Logistics Corp. teamed up with SK Energy to aim the domestic quick commerce market, utilizing gas st...
Aug 27, 2021 (Gmt+09:00)
1 Min read -
Logistics
Korea’s Busan port congestion worsening with boxes stacked, ships delayed
At the Hyundai Pusan New Port Terminal (HPNT), one of the largest terminals in South Korea’s southeastern port city of Busan, 12 quay cranes ar...
May 03, 2021 (Gmt+09:00)
4 Min readlanguage -
Logistics
Goldman-backed Korea Superfreeze to build $2.2 bn facilities
Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in South...
Apr 26, 2021 (Gmt+09:00)
3 Min readlanguage -
Logistics
CPPIB, ESR to double first Korean logistics JV to $1 bn
The Canada Pension Plan Investment Board (CPPIB) and Hong Kong-based logistics property developer ESR will expand their $500 million Korean logistics...
Apr 23, 2021 (Gmt+09:00)
2 Min read -
Logistics
Hyundai Glovis, Changjiu team up to boost China-Europe rail transport
South Korea-based Hyundai Glovis Co. has teamed up with China’s largest automotive logistics firm, Changjiu Group, to foster rail transport ope...
Mar 03, 2021 (Gmt+09:00)
1 Min readlanguage -
Logistics
China logistics firms yield decent returns for Korean investors
MBK Partners and two leading South Korean conglomerates – SK and CJ groups – have chalked up hefty returns from investments in Chinese lo...
Mar 03, 2021 (Gmt+09:00)
3 Min readlanguage
Latest News
- 1 POSCO Future M to raise $771 million to bolster battery materials business
- 2 Dawn delivery pioneer Kurly posts 1st quarterly profit
- 3 South Korea’s mid-tier shipbuilders sail into new supercycle as China struggles
- 4 Korean teachers' fund to commit $495 mn to 10 PE firms
- 5 Half of Seoul offices over 30 years old amid limited new supply