Lotte Logistics (
Korean
Korean may refer to:
People and culture
* Koreans, ethnic group originating in the Korean Peninsula
* Korean cuisine
* Korean culture
* Korean language
**Korean alphabet, known as Hangul or Chosŏn'gŭl
**Korean dialects and the Jeju language
** ...
: 롯데택배, formerly 현대택배) is a
logistics
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...
and
shipping
Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting Commodity, commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it h ...
company headquartered in
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...
,
Korea
Korea ( ko, 한국, or , ) is a peninsular region in East Asia. Since 1945, it has been divided at or near the 38th parallel, with North Korea (Democratic People's Republic of Korea) comprising its northern half and South Korea (Republic o ...
, established in 1988. It is a subsidiary of
Lotte Corporation
Lotte Corporation (or Lotte Group) is a South Korean multinational corporation, multinational conglomerate (company), conglomerate corporation, and the fifth-largest chaebol in South Korea. Lotte began its history on June 28, 1948, by Kore ...
.
Lotte Logistics is known for its white trucks and also operates its own commercial vehicles.
Major Korean competitors include
Korean National Railroad
The Korea Railroad Corporation (Korean: 한국철도공사, Hanja: ), branded as KORAIL (코레일, officially changed to in November 2019), is the national railway operator in South Korea. Currently, KORAIL is a public corporation, managed ...
(Korail),
Hutchison Whampoa
Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a dive ...
,
Hanjin
The Hanjin Group () is a South Korean chaebol. The group has various industries covered from transportation and airlines to hotels, tourism, and airport businesses, and one of the largest chaebols in Korea. The group includes Korean Air (KAL), ...
, Terzo Logistics, and
Daehan Logistics
There are various names of Korea in use today, all derived from ancient kingdoms and dynasties. The modern English name "Korea" is an exonym derived from the name Goryeo, also spelled ''Koryŏ'', and is used by both North Korea and South Korea in ...
. Historically, Hyundai only faced competition from Korail for the inexpensive ground-based delivery market. However, Hanjin and Daehan Logistics have expanded into the ground market by acquiring Shipyard Cargo Containing and RPS (originally
Roadway Package System
FedEx Ground, a subsidiary of the FedEx, FedEx Corporation, is an American Cargo#Road, ground package delivery company headquartered in Moon Township, Pennsylvania, a suburb of Pittsburgh, Pennsylvania, Pittsburgh. The company began as Roadw ...
) and rebranded it as Hyundai Ground. In addition, all logistic acquired Korail and Hutchson Whampoa.
Today Lotte Logistics offers ground, ocean and air transportation, rail and over-the-road freight products; international trade management; customs brokerage; consulting and supply chain design; e-commerce solutions; logistics and distribution capabilities, cargo containing, shipping, and financial services related to the supply chain.
See also
*
Economy of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nati ...
*
Lotte (conglomerate)
Lotte Corporation (or Lotte Group) is a South Korean multinational conglomerate corporation, and the fifth-largest chaebol in South Korea. Lotte began its history on June 28, 1948, by Korean businessman Shin Kyuk-ho in Tokyo. Shin expan ...
*
Hyundai Glovis
Hyundai Glovis Co., Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transp ...
*
EUKOR
EUKOR is a specialised Roll-on/roll-off shipping line formed in 2002.
The company's main business is the sea carriage of new and used cars and High & Heavy cargo.
The name of the brand EUKOR comes from a portmanteau that combines together the wo ...
References
External links
lotte Logistics- Official Website (in Korean)
{{SouthKorea-company-stub
Logistics
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...
Logistics companies of South Korea
Transport companies established in 1988