CJ Korea Express Fails in APL Logistics Buyout

SEOUL, Feb. 24 (Korea Bizwire) — CJ Korea Express, CJ Group’s logistics arm, has failed in its takeover bid for APL Logistics, allegedly due to group chairman Lee Jae-Hyun’s absence, which has been ongoing for two years now. Lee Jae-Hyun is currently hospitalized, with the Seoul High Court’s verdict on him still effective. He was sentenced to [...]