freight

Mergers & Acquisitions LX Pantos IPO delayed as Mirae Asset sells stake

South Korea’s leading brokerage firm Mirae Asset Securities Co. is poised to sell its stake in LX Pantos Co., adding to expectations of more d...

Korean startups Big Mobility, Hummingbirds win Chung Ju-yung Startup Competition

The Asan Nanum Foundation selected Big Mobility and Hummingbirds as the top winners of the 13th Chung Ju-yung Startup Competition demo day on Novemb...

Shipping & Shipbuilding Samsung SDS taps generative AI to counter logistics risks

Samsung SDS Co., the information technology service unit under Samsung Group, actively incorporates generative artificial intelligence and machine...

Shipping & Shipbuilding Lotte Global Logistics partners with CMA CGM

South Korea's Lotte Global Logistics announced on Monday that it partnered with the France-based world's third-largest shipping company CMA CGM.&nbs...

Shipping & Shipbuilding Korea’s HMM among shippers benefiting from growing Red Sea crisis

The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...

Logistics CJ Logistics teams up with world’s No. 7 shipping company ONE

South Korea's largest parcel delivery service CJ Logistics on Thursday said it signed a strategic partnership deal with Japan’s Ocean Network ...

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...

Shipping & Shipbuilding S.Korea's shipyards get OK from shipping companies to delay vessel delivery

South Korean shipbuilders are breathing a sigh of relief despite the postponed delivery of their container ships due to a chronic shortage of domest...

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...

Logistics Falling freight rates set to boost LG, Hyundai’s earnings

The significant fall in seaborne freight rates of late is expected to boost earnings prospects for South Korea’s major companies, benefitting ...

Earnings HMM’s operating profit to fall 80% in 2023 on easing freight rates

South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in cont...

Airlines Korean Air reports strongest performance ever in 2022

Korean Air Lines Co. had its strongest performance ever in 2022, as it successfully cashed in on a thriving cargo business and a full recovery in pa...

Economy S. Korea foresees recession in falling freight prices, wages

Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...

Retail S.Korea's CJ Logistics launches AI-based freight transportation platform

South Korea's CJ Logistics on Thursday said it launched The Unban, a freight transportation platform that directly connects senders and freight truc...

Logistics Hyundai Glovis opens firm in Chengdu for logistics to Europe

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has founded an affiliate in Chengdu, the largest trade city in western China, for rai...

Airlines Korean Air to fly high on China’s cargo conversion ban

Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further...

Earnings HMM rakes in record quarterly profits on higher freight rates

HMM Co., South Korea’s largest container line, posted fresh record sales and profits in the third quarter, boosted by higher freight rates and...

IPOs SM Line joins growing list of S.Korean IPO dropouts

SM Line Corp. on Wednesday became the latest South Korean company to drop its initial public offering plan on disappointing institutional interest.T...

Automobiles US anti-dumping duties add to Korean tire makers' woes

The US trade body’s approval of anti-dumping tariffs on tire imports from South Korea, Taiwan and Thailand is adding to the woes of Korea&rsqu...

Shipping & Shipbuilding Freight crunch pushes S.Korean export firms into crisis

Since the end of last year, countries have begun lifting COVID-19 lockdowns, driving a speedy recovery in export freight volume despite transportati...

Logistics Surging freight rates, bulker shortages squeeze Korean importers

Surging sea freight rates, coupled with a shortage of bulk carriers and container ships, are putting South Korean exporters and importers in a bind ...

Logistics Korean firms face triple whammy of soaring KRW, freight rates, Biden

South Korea’s major companies are facing a triple whammy of challenges — a stronger Korean currency, soaring seaborne and air freight rate...