hy Partners with Kakao Enterprise to Expand Delivery Services

[Asia Economy Reporter Eunmo Koo] hy announced on the 4th that it will fully launch the ‘Predit Delivery Service’ through Kakao Enterprise’s logistics platform ‘Kakao i LaaS’.

The delivery service is a new business of hy, which is transitioning into a distribution-specialized company. It is a logistics service that handles all aspects of delivery for other companies, including storage, repackaging, packaging, and management. A cold chain system is applied throughout all logistics stages, enabling the handling of both room temperature products and fresh foods. Delivery is made to the doorstep using the refrigerated electric cart ‘Coco,’ minimizing unnecessary external packaging materials.

Kakao i LaaS is an AI-based logistics ecosystem platform that matches users who want to use warehouse space and logistics services as cargo owners with logistics service providers such as member companies offering fulfillment and last-mile services, in response to increased logistics demand.

Member companies can expose their logistics services to multiple cargo owners, providing opportunities for business expansion. Cargo owners can efficiently select delivery companies that suit the characteristics of their products. The system incorporates Kakao’s unique know-how to help easily manage everything from sales to orders and warehouse management. Connectivity via mobile is also a strong advantage.

hy is actively promoting the delivery service through its own business-to-business (B2B) sales organization. Recently, it has signed contracts with numerous companies including razor and cosmetics manufacturers. It is also discussing partnerships with over 100 companies in health functional foods, coffee, and card companies. When combined with i LaaS, the average daily logistics processing volume is expected to increase by more than 20,000 cases.

To prepare for the increased logistics volume, hy is constructing a new fulfillment center in Nonsan, Chungnam, and establishing an integrated logistics system combined with IT.

Kim Byungjin, CEO of hy, said, “Kakao i LaaS will be a stepping stone for the ‘Predit Delivery Service’ to take a leap forward,” adding, “We will provide advanced logistics services to cargo owners and differentiated delivery experiences with perfect delivery to consumers.”

Kakao Enterprise officially launched the i LaaS service at ‘LaaS ON 2022’ held the day before. The event was attended by key partners and included discussions on the future of logistics innovation, fresh manager delivery competitiveness, digital transformation, and the current logistics market status.

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