Kim Jung-hoon, CEO of Hyundai Glovis, "Actively Exploring Hydrogen and Electric Vehicle Businesses in Preparation for an Eco-Friendly Society"

Jung-hoon Kim, CEO of Hyundai Glovis

[Asia Economy Reporter Dongwoo Lee] Hyundai Glovis has embarked on securing sustainable growth engines by expanding its core logistics business and strengthening eco-friendly future businesses.

On the morning of the 24th, Hyundai Glovis held its 20th regular general shareholders' meeting at The-K Hotel in Seocho-gu, Seoul, and announced that it approved the agenda items as originally proposed, including partial amendments to the articles of incorporation for future businesses such as optimizing hydrogen supply chain management.

In his greeting, Hyundai Glovis CEO Kim Jeong-hoon said, “This year, we will do our best to meet expectations by fostering future businesses, expanding core businesses, and strengthening management systems,” adding, “To achieve growth in the post-COVID era, we will develop digital-based logistics platforms and smart logistics businesses.”

CEO Kim specifically revealed plans to actively explore future business opportunities related to hydrogen and electric vehicles (EVs) in preparation for an eco-friendly society. To this end, Hyundai Glovis added detailed new business items such as gas charging for gaseous fuels and transportation equipment to its business objectives and obtained approval at the shareholders' meeting.

The company is currently strengthening the establishment of a hydrogen logistics system using the 'Hydrogen Supply Chain Management Optimization Platform' under development. The hydrogen logistics system project aims to secure a hydrogen supply chain targeting hydrogen stations within a 150 km radius of Dangjin and plans to expand the logistics scope regionally in the future. Hyundai Glovis envisions deploying 'tube trailers,' special vehicles dedicated to hydrogen, to supply hydrogen produced at the Dangjin Hyundai Steel Plant to Hynet hydrogen charging stations located in the Seoul metropolitan area and Chungcheong region.

The company is also focusing on smart logistics businesses for future logistics changes such as autonomous vehicles and AI robots. Through this, it plans to respond to newly growing markets such as e-commerce, cold chain logistics, and B2C logistics for overseas region-specific specialized industries.

The existing core logistics business will pursue external growth. To expand global business, Hyundai Glovis plans to secure overseas networks and strengthen service areas while continuously discovering global strategic shippers.

Meanwhile, Hyundai Glovis approved the agenda items as originally proposed, including the approval of financial statements, partial amendments to the articles of incorporation, the appointment of inside and outside directors such as Kim Jeong-hoon, Kim Young-seon, Jeong Jin-woo, Yoon Yoon-jin, Lee Ho-geun, and Jo Myung-hyun, and the appointment of auditors Yoon Yoon-jin and Lee Ho-geun. Dividends were confirmed at 3,500 KRW per share.

This content was produced with the assistance of AI translation services.