Hanjin Launches E-commerce Joint Venture with Chinese Logistics Company

Hanjin is leading the China-origin e-commerce logistics market by launching a joint venture with China's leading logistics company AWOT Global Corporation (AWOT).

On the 5th, Hanjin and AWOT established the joint venture 'Hanjin Global Express Shenzhen Co., Ltd.' in Shenzhen, China. The two companies agreed to combine their know-how and network infrastructure to expand their Asia-based operations. The launch ceremony was attended by Hanjin CEO and President No Sam-seok, President Cho Hyun-min, and AWOT CEO Roger Heo, among others.

On the 5th, a joint venture launch ceremony between Hanjin and AWOT was held in Shenzhen, China. At the event, (from the second person on the left in the photo) Hanjin CEO President No Sam-seok, Hanjin President Cho Hyun-min, and Roger Heo AWOT CEO are taking a commemorative photo.
[Photo by Hanjin]

AWOT is an Asia-focused logistics company headquartered in Guangzhou, China, operating 50 global branches overseas.

The China-origin e-commerce market has rapidly grown at an average annual rate of 23% over the past five years. The two companies saw an opportunity in this market and decided to establish the joint venture. After signing a memorandum of understanding for "mutual logistics business activation" last November, the joint venture was finally launched this month.

The joint venture will attract express delivery volumes originating from China and operate fulfillment businesses within China, while AWOT will handle transportation volumes to Korea and Japan. Hanjin will manage customs clearance and transportation within Korea and Japan. Additionally, they plan to expand services to Southeast Asia and the Americas in the future to foster the logistics business.

In particular, they will gradually develop and promote country-specific e-commerce businesses originating from China. They plan to actively attract volumes from large distribution companies within China and conduct customs clearance and transportation businesses by utilizing Hanjin's Incheon Airport GDC, overseas express customs clearance centers, and the Japan corporation.

A Hanjin official stated, "By leveraging the abundant networks and infrastructure of both companies, we will create various business opportunities for the rapidly growing China-origin e-commerce volumes."

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