Hyundai Glovis Signs Maritime Transport Contract Worth 315.1 Billion KRW with Volkswagen
[Asia Economy Reporter Minwoo Lee] Hyundai Glovis announced on the 2nd that it has signed a new contract worth 315.1 billion KRW for sea transportation of finished vehicles from Europe to China with Volkswagen Group's logistics subsidiary, Volkswagen Konzernlogistik. The contract period is until December 31, 2022. There is a 2-year contract extension option, and if extended, the total contract period will be 5 years, with the contract amount increasing to 518.2 billion KRW.
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