Dongwon Group Launches New Auto Parts Logistics Subsidiary 'Nextro'

Dongwon Group announced on the 24th that it will launch a new corporation, 'NEXT Lo,' on the 1st of next month to strengthen the competitiveness of its automotive parts logistics business division.

NEXT Lo is an affiliate of Dongwon Roex, which is responsible for Dongwon Group's logistics business. NEXT Lo aims to become a leading automotive parts logistics company in Korea by expanding its infrastructure and establishing an eco-friendly logistics system as a specialized parts logistics company handling the overall logistics operations of automotive parts companies such as Hyundai Mobis.

NEXT Lo appointed Lee Dong-ho, Managing Director and head of the PL (Parts Logistics) branch at Dongwon Roex, as its CEO. Managing Director Lee stated, "We will further strengthen the expertise of the existing automotive parts logistics business division and continuously improve management efficiency to strategically respond to the rapidly changing logistics industry environment."

Prior to its official launch, NEXT Lo signed a win-win cooperation agreement with Hyundai Mobis on the 21st at Hyundai Mobis headquarters in Gangnam-gu, Seoul, to promote mutual growth in the automotive parts logistics sector. Through this, NEXT Lo plans to solidify a stable cooperative relationship with Hyundai Mobis, secure domestic and international automotive parts companies as clients, and expand its business areas into various industrial sectors.

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