| CJ Logistics Corporation | |
| Native Name: | 씨제이대한통운 주식회사 |
| Native Name Lang: | ko |
| Former Name: | Korea Express CJ Korea Express |
| Type: | Subsidary |
| Industry: | Courier |
| Predecessors: | --> |
| Founders: | --> |
| Successors: | --> |
| Hq Location City: | Seoul |
| Hq Location Country: | South Korea |
| Areas Served: | --> |
| Key People: | Kang Sin-ho (CEO) |
| Profit: | --> |
| Profit Year: | --> |
| Owners: | --> |
| Parent: | CJ Group |
CJ Logistics Corporation is a logistics company headquartered in Seoul, South Korea. It is the oldest and largest parcel delivery firm in South Korea.[1]
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.[2]
In 2008, a consortium led by Kumho Asiana Group was selected as the preferred bidder to buy Korea Express.[3] Kumho Asiana, a South Korean conglomerate that operates Asiana Airlines, acquired Korea Express for 4.1 trillion won (US$ 4.34 billion) to expand its cargo business into the inland transportation business.[4]
However, Kumho Asiana had to sell Korea Express as it faced a severe cash shortage during the financial crisis in 2008.[5] After competing with the Samsung SDS-POSCO consortium, CJ Group acquired a 40 percent stake in Korea Express for 1.91 trillion won.[6] [7] CJ changed the company name to CJ Korea Express and merged with its existing logistics affiliate CJ GLS.[8] In 2017, the company was rebranded as CJ Logistics from CJ Korea Express.[9]