South Korea’s CJ Logistics speeds up overseas expansion


A worker stands as parcels are conveyed at a CJ Logistics distribution center in Gwangju, South Korea. — Reuters

SEOUL: CJ Logistics, the nation’s largest logistic firm, affiliated with retail giant CJ Group, is speeding up its overseas expansion this year, industry sources say.

Its Indian subsidiary, CJ Darcl Logistics, aims to make its stock debut in the first half of the year, while the company plans to start construction of three massive distribution centres in the United States later this year.

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