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Parcel War Rages as Chuseok Approaches

Parcel War Rages as Chuseok Approaches

SEOUL, Sept. 8 (Korea Bizwire) – Despite a prolonged economic downturn and Korea’s new anti-graft law, which prohibits the acceptance of gifts exceeding 50,000 won ($45) for public officials, journalists and private school faculty, parcel delivery companies are once again being flooded with Chuseok gifts.  Korea’s leading parcel delivery services, CJ Korea Express and Hyundai [...]

CJ Korea Express Buys Malaysian Logistics Company

CJ Korea Express Buys Malaysian Logistics Company

SEOUL, Sept. 8 (Korea Bizwire) – CJ Korea Express Corp., South Korea’s largest logistics company, said Thursday it has bought Malaysia’s No. 2 logistics company to expand its distribution channel in Southeast Asia.  CJ Korea Express’ Asian branch bought a 31.5 percent stake in Century Logistics Holdings Bhd for 47.6 billion won (US$43.5 million) to [...]

Coupang Logs 3-Fold Jump in 2015 Sales

Coupang Logs 3-Fold Jump in 2015 Sales

SEOUL, April 14 (Korea Bizwire) – Coupang, South Korea’s leading e-commerce operator, said Thursday its sales jumped more than three-fold in 2015 thanks to its delivery service, but its operating loss widened due to big investments in logistics capacity. Coupang posted 1.13 trillion won (US$ 976.66 million) in sales last year, becoming the first social commerce [...]

Coupang Goes ‘All In’ on Rocket Deliveries

Coupang Goes ‘All In’ on Rocket Deliveries

SEOUL, Nov. 4 (Korea Bizwire) – E-commerce giant Coupang has announced that it will be investing 1.5 trillion won by 2017 to hire 40,000 delivery people called ‘Coupang Men’, and increase its number of logistics centers from 14 to 21. This is a significantly larger-scale investment than the 1 billion dollar infusion attracted from Softbank, [...]

Descartes Signs Agreement with SAP to Enhance Transportation Management Connectivity, Collaboration and Regulatory Compliance

Descartes Signs Agreement with SAP to Enhance Transportation Management Connectivity, Collaboration and Regulatory Compliance

WATERLOO, Ontario, Jul. 29 (Korea Bizwire) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced that it has signed a software development cooperation agreement with SAP SE (NYSE:SAP). The partnership provides customers with an end-to-end business-content network for logistics collaboration and connectivity by creating a logistics message [...]