SEOUL, Jan. 24 (Korea Bizwire) – An appellate court ruled on Wednesday against South Korea’s largest logistics firm, CJ Logistics, in a suit the company filed to reverse a national committee decision striking down CJ’s denial of collective bargaining for a delivery workers’ union. The courier union under the Korean Confederation of Trade Unions (KCTU), [...]
SEOUL, Dec. 12 (Korea Bizwire) – CJ Logistics, once perceived as a stock market underdog, has been gaining significance recently. The company has been struggling to maintain market share due to the rapid ascent of Coupang, which posed a formidable threat in the retail sector. However, CJ Logistics has experienced a remarkable surge in its stock [...]
SEOUL, Aug. 23 (Korea Bizwire) — A recent video depicting delivery trucks circling a race track has gone viral in South Korea The 2023 CJ Logistics Superrace Championship, backed by the logistics giant CJ Logistics Corp., stands as the nation’s premier racing competition. The fifth round of this year’s championship unfolded at Yongin’s Everland Speedway circuit [...]
SEOUL, Aug. 18 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, is consistently losing market share in the domestic parcel delivery service due to the active attraction of individual customers by e-commerce giant Coupang Inc. As per CJ Logistics’ half-year report, the company secured a share of 44.3 percent in the [...]
SEOUL, Aug. 3 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, said Thursday that it has signed an initial agreement with Japanese shipping company Ocean Network Express Pte. Ltd. as part of its efforts to expand its global business. With the memorandum of understanding, Ocean Network Express, also called ONE, will [...]
SEOUL, June 28 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, said Wednesday it will invest 600 billion won (US$461.7 million), along with the Korea Ocean Business Corp. (KOBC), to build three new logistics centers in the United States by 2027. CJ Logistics and the KOBC signed a memorandum of agreement [...]
SEOUL, June 21 (Korea Bizwire) — CJ Logistics Corp. has established strategic partnerships with domestic and international shippers to enhance its integrated logistics capabilities. During the past eight months, the South Korean logistics giant has entered into agreements with four shipping companies, including SM Line Corp. and Taiwan’s Evergreen Marine Corp., to bolster its global [...]
SEOUL, June 16 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, said Friday it has signed an initial agreement with Taiwanese shipping company Evergreen Marine Corp. to expand its global business. With the memorandum of understanding (MOU), CJ Logistics and Evergreen Marine will operate a joint business for containers to be [...]
SEOUL, May 17 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, said it has signed an initial agreement with Saudi Arabian firm Beez Logistics as part of its efforts to expand its business in the Middle East. With the memorandum of understanding, CJ Logistics will share its logistics experience, technology and [...]
SEOUL, May 12 (Korea Bizwire) — South Korean logistics giant CJ Logistics Corp. is making a foray into the Middle East market by establishing a distribution center in Saudi Arabia, targeting cross-border e-commerce demand. The company said Thursday it had signed an agreement with Saudi’s General Authority of Civil Aviation to establish a global distribution [...]