- CEO
- Kyu-Bok Lee
- Full Time Employees
- 2,319
- Sector
- Transportation
- Industry
- Air freight/Couriers
- Address
- 83-21, Wangsimni-ro Seoul SL South Korea 685-700
- IPO Date
- Dec 26, 2005
- Business
- Hyundai Glovis Co., Ltd. operates as a global logistics and distribution company primarily serving the automotive industry; it provides comprehensive supply chain management solutions including inbound and outbound logistics, vehicle transportation via roll-on/roll-off ocean shipping, air freight, inland trucking, parts logistics, bulk cargo handling, storage, packaging, pre-delivery inspections, and port operations. The company offers specialized services such as complete knock-down assembly support, used car auctions and distribution, auto parts recycling through its OnECO platform, defense and hazardous materials logistics, terminal operations, and nonferrous metal trading; it also engages in shipping dry and wet bulk cargoes, special cargo on pure car and truck carriers, and emerging liquefied natural gas transportation. Founded in 2001 and headquartered in Seoul, South Korea, Hyundai Glovis conducts operations across more than 100 countries with a network of 11 corporations, 7 branches, and 25 offices, focusing on automotive manufacturers like Hyundai Motor Group while expanding to diverse industries including food, housing, and industrial goods.
In recent developments, Hyundai Glovis invests 200.6 billion won ($148 million) in a fund to acquire Asiana Airlines' cargo division for merger with Air Incheon, securing a 45.2% stake and management participation rights as of June 2025; it clinches a 580 billion won ($396 million) long-term LNG shipping contract in November 2025, deploying a new 174,000 cubic meter super-large carrier. The company plans a 9 trillion won ($6.5 billion) investment through 2030 for mergers, acquisitions, and fleet expansion, including $750 million for six LNG dual-fuel pure car and truck carriers by 2028 to grow its PCTC fleet from 85 to 128 vessels; it targets over 40 trillion won in annual revenue by 2030, advances AI-based autonomous navigation as the world's first shipping firm, and enhances air logistics and smart SCM technologies. Formerly known as Glovis Co., Ltd. until its 2011 rebranding, Hyundai Glovis maintains a fleet of approximately 60 pure car and truck carriers and 36 bulk carriers on 13 global routes, emphasizing technological innovations in EV logistics, automation, and digital transformation.