Native name | 씨제이대한통운 주식회사 |
---|---|
Formerly | Korea Express CJ Korea Express |
Company type | Public |
KRX: 000120 | |
Industry | Courier |
Founded | 1930 |
Headquarters | , South Korea |
Key people | Kang Sin-ho (CEO) |
Parent | CJ Group |
Website | www.cjlogistics.com |
CJ Logistics Corporation ( Korean: 씨제이대한통운 주식회사; Hanja: CJ大韓通運 株式會社; RR: CJ Daehan Tongun Jusik Hoesa) is a logistics company headquartered in Seoul, South Korea. It is the oldest and largest parcel delivery firm in South Korea. [1]
Korea Express was established as Chosun Rice Warehousing in 1930. [1] It became a subsidiary of Dong-ah Group in 1968, but the creditors sold Korea Express when Dong-ah entered a government-sponsored debt workout program in 2003. [2]
In 2008, a consortium led by Kumho Asiana Group was selected as the preferred bidder to buy Korea Express. [3] Kumho Asiana, a South Korean conglomerate that operates Asiana Airlines, acquired Korea Express for 4.1 trillion won (US$ 4.34 billion) to expand its cargo business into the inland transportation business. [4]
However, Kumho Asiana had to sell Korea Express as it faced a severe cash shortage during the financial crisis in 2008. [5] After competing with the Samsung SDS- POSCO consortium, CJ Group acquired a 40 percent stake in Korea Express for 1.91 trillion won. [6] [7] CJ changed the company name to CJ Korea Express and merged with its existing logistics affiliate CJ GLS. [8] In 2017, the company was rebranded as CJ Logistics from CJ Korea Express. [9]
Native name | 씨제이대한통운 주식회사 |
---|---|
Formerly | Korea Express CJ Korea Express |
Company type | Public |
KRX: 000120 | |
Industry | Courier |
Founded | 1930 |
Headquarters | , South Korea |
Key people | Kang Sin-ho (CEO) |
Parent | CJ Group |
Website | www.cjlogistics.com |
CJ Logistics Corporation ( Korean: 씨제이대한통운 주식회사; Hanja: CJ大韓通運 株式會社; RR: CJ Daehan Tongun Jusik Hoesa) is a logistics company headquartered in Seoul, South Korea. It is the oldest and largest parcel delivery firm in South Korea. [1]
Korea Express was established as Chosun Rice Warehousing in 1930. [1] It became a subsidiary of Dong-ah Group in 1968, but the creditors sold Korea Express when Dong-ah entered a government-sponsored debt workout program in 2003. [2]
In 2008, a consortium led by Kumho Asiana Group was selected as the preferred bidder to buy Korea Express. [3] Kumho Asiana, a South Korean conglomerate that operates Asiana Airlines, acquired Korea Express for 4.1 trillion won (US$ 4.34 billion) to expand its cargo business into the inland transportation business. [4]
However, Kumho Asiana had to sell Korea Express as it faced a severe cash shortage during the financial crisis in 2008. [5] After competing with the Samsung SDS- POSCO consortium, CJ Group acquired a 40 percent stake in Korea Express for 1.91 trillion won. [6] [7] CJ changed the company name to CJ Korea Express and merged with its existing logistics affiliate CJ GLS. [8] In 2017, the company was rebranded as CJ Logistics from CJ Korea Express. [9]