SEOUL, September 6, 2024 – Hanjin Logistics Group announced on September 6 that it has recently partnered with China’s Euhwa (Xihua) International Logistics Group (AWOT) to establish a specialized e-commerce logistics joint venture named Hanjin Global Express Shenzhen.
The two companies signed a business cooperation agreement last November, which led to the formation of the joint venture. The establishment ceremony was held in Shenzhen a day before the announcement.
According to the report, AWOT is responsible for cargo transportation between China, South Korea, and Japan, while Hanjin handles customs clearance and transportation within South Korea and Japan. The two companies plan to expand their logistics business to Southeast Asia and the Americas in the future, with Shenzhen as the main operating base. They aim to broaden their existing business to e-commerce companies in China, Japan, and South Korea, and to develop cross-border e-commerce services between China and overseas in phases.
Hanjin and AWOT have been working closely to enhance their logistics capabilities and tap into the growing e-commerce market in the region. The joint venture is expected to play a significant role in connecting the supply chains of various businesses, particularly in the e-commerce sector.
The agreement between Hanjin and AWOT is a strategic move to capitalize on the increasing demand for efficient logistics services in the e-commerce industry. By combining their resources and expertise, the joint venture is poised to offer comprehensive logistics solutions to businesses operating in the region.
Hanjin Global Express Shenzhen will focus on providing fast and reliable logistics services to support the growth of e-commerce companies in China, Japan, and South Korea. The company will offer a wide range of services, including cargo transportation, customs clearance, warehousing, and distribution.
The establishment of Hanjin Global Express Shenzhen marks a significant milestone in the logistics industry, as it signifies the increasing importance of e-commerce in the global supply chain. As e-commerce continues to grow, the demand for efficient and reliable logistics services will also rise, and Hanjin Global Express Shenzhen is well-positioned to meet these demands.
The joint venture is expected to benefit both Hanjin and AWOT, as it will allow them to expand their business operations and tap into new markets. For Hanjin, this partnership is an opportunity to strengthen its presence in the Asian market, while for AWOT, it is a chance to enter the Chinese market and expand its global reach.
In conclusion, the establishment of Hanjin Global Express Shenzhen is a strategic move by Hanjin Logistics Group and AWOT to tap into the growing e-commerce market in the region. The joint venture is expected to offer comprehensive logistics solutions to e-commerce companies in China, Japan, and South Korea, and contribute to the growth of the logistics industry in the region.
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