CJ Logistics joins hands with Affinity for third-party logistics

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CJ Logistics joins hands with Affinity for third-party logistics - Korea Economic Daily

Quick Summary:

CJ Logistics is expected to increase its number of 3PL(Third Party Logistics) customers and Affinity is expected to improve the corporate value of its investee companies.3PL refers to the outsourcing of part or all of the logistics process to specialized logistics companies.

Affinity is a global private equity fund based in Seoul, Singapore, Beijing, Hong Kong, and Sydney, and its current portfolio companies include Burger King, Lock & Lock, Subway, Yogiyo, and SK Rent-a-Car.

CJ Logistics will also seek consulting opportunities to identify inefficiencies in the logistics system and improve operational processes as needed in the course of new equity investments by Affinity.