Cargo

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

Hyundai Glovis Co., the logistics unit of the world’s third-largest carmaker Hyundai Motor Group, plans to establish a logistics complex in Bu...

Logistics CJ Logistics, KT&G introduce hydrogen cargo trucks

South Korea's CJ Logistics said on Thursday that it deployed two 11-ton hydrogen-powered cargo trucks in the logistics division of KT&G Corp.The...

Logistics LX Pantos, Kazakhstan to cooperate on logistics

South Korea's LX Pantos said on Thursday that it plans to strengthen its logistics business in Central Asia, focusing on Kazakhstan.Lee Yong-ho, CEO...

Shipping & Shipbuilding HMM to spend $17.5 bn by 2030 to double cargo capacity

HMM Co., South Korea’s largest ocean carrier, said on Tuesday it will spend 23.5 trillion won ($17.5 billion) by 2030 to nearly double its car...

Airlines Air Incheon joins Boeing safety operation support program

South Korea's cargo airline Air Incheon announced on Wednesday that it signed an agreement with American aircraft manufacturer Boeing Co. on Tuesd...

Energy KOGAS executes first simultaneous LNG bunkering in Korea

South Korea's state-run Korea Gas Corp. (KOGAS) said on Friday that its subsidiary, Korea LNG Bunkering, successfully carried out the country’...

Airlines Asiana's cargo unit to be sold for $362 mn to Air Incheon

South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon, a local airline dedicated to cargo business, as the preferred bidder to acqui...

Airlines MBK drops out of Air Premia’s Asiana cargo unit takeover bid

Asian private equity firm MBK Partners has dropped out of a plan to back 300 billion won ($217.9 million) for South Korean budget airline Air Premia...

Airlines MBK, Air Premia team up for Asiana’s cargo unit; Jeju Air exits

South Korea's low-cost carrier Air Premia Inc. has teamed up with North Asia-focused private equity firm MBK Partners to win Asiana Airlines Inc.'s ...

Shipping & Shipbuilding HMM to sharply increase container ship fleet by 2030

HMM Co., South Korea’s flagship sea carrier, on Monday unveiled a plan to sharply increase the fleet of container and bulk carriers by 2030 to...

Airlines Jeju Air, MBK Partners in talks to buy Asiana’s cargo unit

South Korea’s top budget carrier Jeju Air Co. is in talks with North Asia-focused private equity firm MBK Partners to acquire Asiana Airlines ...

Airlines Race for Asiana's cargo unit heats up among local bidders

The proposed merger of South Korea’s two largest carriers, Korean Air Lines Co. and Asiana Airlines Inc., is intensifying competition among lo...

Airlines Asiana’s cargo unit sale faces tough hurdles before KAL merger

The proposed merger of Korean Air Lines Co. (KAL) and Asiana Airlines Inc. has moved one step closer to completion with Asiana’s backing of it...

Mergers & Acquisitions Asiana Airlines to sell cargo business for merger with Korean Air

Asiana Airlines Inc. on Thursday decided to carve out its lucrative cargo business, clearing a major hurdle to its merger with bigger rival Korean A...

Carbon neutrality Hyundai Glovis pledges carbon neutrality by 2045

South Korean shipping and logistics company Hyundai Glovis Co. on Thursday pledged to achieve carbon neutrality by 2045.  Despite producing a h...

Mergers & Acquisitions Korean Air may give up Asiana’s cargo business, 4 routes for EU approval

Korean Air Lines Co. may give up the cargo business of Asiana Airlines Inc. and four of its lucrative routes in Europe in an all-in bet as the marri...

Logistics Hyundai Glovis to participate in N.America's largest bulk cargo exhibition

Hyundai Glovis Co., the logistics unit of South Korea's Hyundai Motor Group, announced on Wednesday that it will be a participant in Breakbulk Ameri...

Airlines Korean Air’s operating profit falls to $360 mn in Q2 2023

Korean Air Lines Co.’s operating profit in the second quarter fell over 30% from the same period last year in line with market consensus.Consi...

Logistics CJ Logistics, Evergreen sign agreement for logistics cooperation

South Korea's CJ Logistics has entered into mutual cooperation with the Taiwan-based global shipping company Evergreen Marine Corporation for the ...

Shipping & Shipbuilding HD KSOE to participate in EU's largest hydrogen transportation project

South Korea's HD Korea Shipbuilding & Offshore Engineering  (HD KSOE), the shipbuilding holding company of HD Hyundai Co. , is participatin...

Future mobility Kakao Mobility uses self-driving vehicles to transport cargo

South Korea’s transportation company Kakao Mobility has launched a project in the nation's fourth-largest city of Daegu to transport people an...

Tech, Media & Telecom KT launches AI-enabled freight info service Brokarry 2.0

Lolab Co. Ltd., KT's digital logistics subsidiary, released its Brokarry 2.0 freight brokerage and transportation service, which incorporates artifi...

Airlines S.Korea's Fly Gangwon kicks off international air cargo service

Fly Gangwon, a South Korean low-cost carrier, announced on Monday the launch of its international air cargo transportation service on the Taipei rou...

Logistics Hanjin converts Indonesian representative office to corporation

Hanjin Transportation said Tuesday that it had converted its representative office in Jakarta, Indonesia, into a corporation last month to strengthe...

Airlines Asiana Airlines completes transforming cargo carriers to passenger planes

South Korean airline Asiana Airlines Inc. has returned all seven aircraft converted into cargo carriers during the COVID-19 pandemic to passenger pl...

Logistics KTNET shows off logistics platform for tracking cargo, documents

The Korea Trade Network (KTNET) held a grand opening event for its uTH 2.0, a digital trade logistics platform, in partnership with the Korea Intern...

Shipping & Shipbuilding Korea, US to work on Busan-Seattle green cargo shipping corridor

South Korea and the US are looking to create a green cargo shipping corridor linking the port of Busan with the ports of Seattle and Tacoma as part ...

Earnings Korea’s major airlines continue to enjoy cargo boom

Korean Air Lines Co., the country’s top carrier, reported a record quarterly operating profit on the strong cargo business while its smaller d...

War in Ukraine S.Korea to support firms to offset damage of Ukraine crisis

South Korea is set to provide financial support of up to $1.7 billion to exporters in a move to minimize the impact of the escalating crisis in Ukra...

Earnings Asiana Airlines swings to profit in 2021 on cargo boom

South Korea's Asiana Airlines Inc. turned to the black in 2021, reporting its largest-ever operating profit since 2010, as global supply chain disru...