Market Chatter: Hanjin Logistics Establishes China JV to Expand into Asian Market

MT Newswires Live

2024/09/09

Hanjin Kal (KRX:180640) subsidiary Hanjin Logistics launched a joint venture with China's AWOT Global to expand into the Chinese and Asian logistics markets, Yonhap News reported Friday.

The 35:65 joint partnership, which will combine Hanjin's global logistics expertise with AWOT's local transportation resources, aims to support increasing e-commerce demands at economical prices, the report said.

Shares of Hanjin Kal fell over 1% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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