Despite Logistics Downturn... Yongma Logistics Posts 7% Sales Growth to 109.6 Billion Won

Sustained Growth Driven by New Client Acquisition

Yongma Logistics, the logistics subsidiary of Dong-A Socio Group, announced on November 27 that it recorded sales of 109.6 billion won in the third quarter, up 7.2% year-on-year, despite a downturn in the logistics market. This growth was attributed to the acquisition of new clients and increased shipping volume during the Chuseok holiday. Operating profit rose by 47.5% to 6.4 billion won, driven by higher sales and the carryover of client cost settlements.

Delivery vehicle of Yongma Logistics. Yongma Logistics

Yongma Logistics plans to continue its growth by actively attracting new shippers and expanding its logistics services, even amid global uncertainties and a domestic economic slowdown that have worsened market conditions. The new hub center in Anseong, Gyeonggi Province, scheduled for completion in 2027, is also expected to contribute to the company’s growth.

According to the logistics industry, demand for logistics services linked to e-commerce is expected to keep rising as global supply chains expand, and customer expectations for fast and accurate delivery services are increasing. Yongma Logistics is strengthening its cold chain logistics capabilities for the distribution of temperature-sensitive products such as biopharmaceuticals, and is working to secure market share by obtaining certifications such as the Korea Good Supply Practice (KGSP) for pharmaceutical distribution quality management.

Continuing its growth trajectory, Yongma Logistics surpassed 400 billion won in annual sales for the first time last year. The company posted sales of 400.4 billion won and operating profit of 19 billion won in 2024. Its operating margin also rose from 1.9% in 2022 to 4.7% last year.

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