[Courtesy of Samsung SDS]
Samsung SDS Co., a logistics and IT arm of South Korea's top conglomerate, Samsung Group, has agreed to set up a joint venture with a Hong Kong-based firm in a bid to expand its presence in China's logistics market.
The South Korean company said it agreed with Kerry Logistics to establish a joint venture in China. Kerry Logistics provides logistics services to some 42 countries.
Samsung SDS said its expertise in logistics and IT solution would be combined with the network and infrastructure of Kerry Logistics to cope with growing demand in China's food and beverages, pharmaceutical, healthcare and e-commerce sectors.
Samsung SDS has expanded its logistics business in Asia through joint ventures with Thai and Vietnamese partners.
Lim Chang-won = cwlim34@ajunews.com
reporter
Park Sae-jin
swatchsjp@ajunews.com
