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SK C&C sets up logistics JV with China’s Foxconn

[THE INVESTOR] SK Holdings C&C announced on Oct. 11 that it has signed an agreement with China’s Hon Hai Precision Industry’s logistics subsidiary Jusda Supply Chain Management to set up a joint venture.

Jusda is the logistics hub of Hon Hai, which trades as Foxconn Technology Group that is the world’s largest OEM company, and has 45 storage facilities spread in major locations across the world, providing services via land, sea and air.

SK C&C will own the management rights and controlling stake of the logistics JV with a 30 billion won (US$27.04 million) to 40 billion won equity capital, which will combine Jusda’s global logistics capacity and its own information and communications technology including artificial intelligence and chat bot.



The JV will be fully established by the end of October and conduct business process outsourcing business from transportation and customs clearing to storage. It will also sell and license ICT platforms starting with Jusda’s over 200 clients.

By Hwang You-mee (glamazon@heraldcorp.com)
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