CJ Logistics Corporation () is a logistics company headquartered in

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the Capital city, capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the North Korea, Democratic People's Republic of Korea (North Korea ...

, South Korea. It is the oldest and largest parcel delivery firm in South Korea.

History

Korea Express

Korea Express was established as Chosun Rice Warehousing in 1930. It became a subsidiary of Dong-ah Group in 1968, but the creditors sold Korea Express when Dong-ah entered a government-sponsored debt workout program in 2003. In 2008, a consortium led by

Kumho Asiana Group Kumho Asiana Group is a large South Korean '' Chaebol'' (conglomerate), with subsidiaries in the construction, leisure, and logistics industries. The group is headquartered at the Kumho Asiana Main Tower in Sinmunno 1-ga, Jongno-gu, Seoul, Sout ...

was selected as the preferred bidder to buy Korea Express.

CJ Logistics

However, Kumho Asiana also had to sell Korea Express as it faced a severe cash shortage after the acquisition. After competing with the

Samsung SDS Samsung SDS Co., Ltd. (formerly Samsung Data Systems; ), established in 1985 as a subsidiary of Samsung Group, is a provider of information technology (IT) services, including consulting services, technical services, and outsourcing services. S ...

POSCO POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, ...

consortium,

CJ Group CJ Group () is a South Korean conglomerate holding company and one of the largest Chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in various industries of food and food service, pharmaceutics and biotechnology, ente ...

acquired a 40 percent stake in Korea Express for 1.91 trillion won. CJ changed the company name to CJ Korea Express and merged with its existing logistics affiliate CJ GLS. In 2017, the company was rebranded as CJ Logistics from CJ Korea Express.

References

External links

* {{CJ Group CJ Group Companies listed on the Korea Exchange 1930 establishments in Korea Transport companies established in 1930 Logistics companies of South Korea