Hyundai Glovis to build logistics complex in Korea’s top port city

Quick Summary:

The company plans to build container yards and a comprehensive logistics center on the land by 2027.“We aim to improve maritime forwarding competitiveness through the comprehensive infrastructure in the country’s largest port, Busan New Port,” said a Hyundai Glovis official.“We can also expand the business of the new facility into the nearby Jinhae New Port under development.”TO EXPAND BUSINESSThe new complex is set to allow Hyundai Glovis to store as many containers as it wants in the yards and streamline all services for import containers including inspections and storage.

Hyundai Glovis Co., the logistics unit of the world’s third-largest carmaker Hyundai Motor Group, plans to establish a logistics complex in Busan, South Korea’s biggest port city, to expand its business of non-automotive items and non-affiliated customers' products.

Hyundai Glovis plans to expand its services to include not only auto parts and electric vehicle batteries but also refrigerated cargo and other products of non-affiliated companies by setting up its own logistics centers at major harbors and airports.

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Article Details

Category: Economy

Markets: South Korea

Topics: Plans Hyundai Port Center Busan Company Facility Logistics Glovis Korea’s Expand

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 20:19:24 (4 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 16 lines

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Copyright Owner: © Korea Economic Daily

News ID: 23645330

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