LS and Hanjin Strengthen Cooperation in Logistics Infrastructure Electrification and New Power Businesses

Building Electric Charging Infrastructure at Logistics Hubs
Expanding Cooperation to Jointly Develop Renewable Energy Power Plants
LS E-Link Teams Up with Hanjin to Scale Up Large-Scale Infrastructure

On September 23, LS and Hanjin announced that the two groups had signed a strategic partnership to promote cooperation in smart electrification and new power businesses based on eco-friendly logistics.

Daegun Kim, CEO of LS E-Link (right), and Samseok Noh, President and CEO of Hanjin Co., Ltd., are taking a commemorative photo after signing a business agreement to strengthen cooperation in logistics infrastructure electrification and new power business. Provided by LS

On this day, the two companies signed a memorandum of understanding (MOU) in the presence of more than 10 executives and employees, including Daekeun Kim, CEO of LS E-Link; Samseok Noh, President and CEO of Hanjin; and Hyunmin Cho, President of Hanjin. Under this agreement, the two companies plan to pursue various projects by combining LS E-Link's high-capacity electric charging technology with Hanjin's logistics network. These projects will include the electrification of logistics infrastructure, the promotion of renewable energy and new power businesses, and the establishment of an integrated operation platform based on large-scale vehicle operation data.

This MOU is an extension of a previously signed strategic business agreement between the two groups. LS has maintained ongoing cooperation with Hanjin, transporting LS Cable & System's cables through Hanjin and handling LS Eco Energy's maritime exports to the Americas, Australia, and Southeast Asia, as well as inland transport within Vietnam.

Currently, LS E-Link provides customized B2B charging solutions for large logistics and transportation companies that require high-volume power usage. Hanjin operates logistics terminals nationwide, including at major ports such as Busan, Incheon, and Pyeongtaek, and focuses its logistics hubs in the Seoul metropolitan area and other major regions.

The two companies plan to build large-scale electric charging infrastructure with a total capacity of 5,000 kW at logistics hubs across the country, including electrification of port logistics at the Hanjin Busan Container Terminal within this year. This capacity is sufficient to charge more than 100 electric trucks simultaneously. In addition, they will jointly develop renewable energy power plants, including solar power facilities, and promote new power businesses such as vehicle-to-grid (V2G) services and virtual power plants (VPP) based on high-capacity EV charging stations.

Furthermore, utilizing LS E-Link's expertise in operating large-scale charging stations, the two companies will jointly develop a platform to integrate and manage logistics and energy operation data. Specific details required for business initiatives such as establishing a joint venture will be determined through a joint task force or a separate consultative body.

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