SEOUL, Oct. 4 (Korea Bizwire) — The Army said Friday it is holding an international forum on logistics cooperation this week with some members of the Association of Southeast Asian Nations (ASEAN), the United States and other friendly countries. The five-day forum began Tuesday at the Army Logistics Command in Daejeon, some 140 kilometers south [...]
SEOUL, Sept. 25 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Wednesday it has signed an initial pact with Chinese electric automaker BYD for partnership in the logistics business. Under the “strategic” memorandum of understanding, the two companies will cooperate in global logistics forwarding services and share vessel space [...]
SEOUL, June 17 (Korea Bizwire) – Hanjin Logistics Corp., the logistics unit of airline conglomerate Hanjin Group, said Monday it will add seven new branches in Europe by 2027 to gain a bigger share in the local logistics markets. Hanjin Logistics currently operates 37 subsidiaries and branches in 18 countries to provide trucking services of [...]
SEOUL, Feb. 7 (Korea Bizwire) – A recent study has shown that for every 10,000 won in sales, South Korean companies are spending an average of 690 won on logistics. The Korea Chamber of Commerce and Industry announced these findings on February 6, based on a survey conducted in the last quarter of last year. The [...]
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, Nov. 25 (Korea Bizwire) — As part of measures to improve its work environment, Hanjin Transportation Co., a logistics company, will use smartwatches to track the signs of potential health problems among couriers, who are suffering from an excessive workload with the recent surge in online orders. Hanjin said on Tuesday it had distributed [...]
SEOUL, Nov. 3 (Korea Bizwire) — Supply chain worries loom over the South Korean economy as China has started to impose limits on exports of urea. Urea water is indispensable in an emissions control system called selective catalytic reduction (SCR). Vehicles powered by diesel engines are required to be equipped with SCR systems, which are [...]
SEOUL, Oct. 10 (Korea Bizwire) — The costs of air and maritime cargo shipping surged to their all-time highs in South Korea, as logistics giants reduced their international schedules amid the COVID-19 pandemic, industry data showed Sunday. The average air freight rate from the benchmark Hong Kong-United States routine stood at US$9.74 per kilogram as [...]
SEOUL, June 21 (Korea Bizwire) — South Korea’s top online portal operator Naver Corp. has joined hands with logistics giant CJ Logistics Co. to expand its logistics infrastructure. The two parties announced on Sunday the establishment of an e-fulfillment center with a total floor space of 38,400 square meters in Gunpo, Gyeonggi province. The new [...]
SEOUL, May 20 (Korea Bizwire) — South Korea said Wednesday it aims to supply hydrogen fuel-cell electric trucks in 2023 following a two-year test project as it strives to use hydrogen vehicles in the non-passenger transportation sector as well. The trade, environment, transport ministries, and the nation’s leading logistics firms have signed a memorandum of [...]