|Nov 17, 2017|
|Nov 17, 2017|
Currency in KRW
|Full time employees:||1,119|
Hyundai GLOVIS Co., Ltd. engages in freight transport brokerage, agency and other supporting transport services. It operates through the following business areas: Logistics, Shipping and Complete Knock down (CKD), Used Car and New Growth. The Logistics business provides international, domestics and military logistics, logistics consulting services. The Shipping business offers overseas shipment for finished vehicles and bulk export and import. The CKD business provides CKD distribution and packing. The Used Car business offers auction house and wholesale. The New Growth business provides distribution of recycled resources for automobiles, resource development and distribution, product trading. It was founded on February 22, 2001 and is headquartered in Seoul, South Korea.
Hyundai Glovis of South Korea was established in 2001 under the name Hankook Logitech to offer logistic services for its founders, Hyundai Motor and Kia Motors.
Hyundai Motor used to farm out logistics operations to Hyundai Merchant Marine, a member of the Hyundai group, but shifted to Hankook upon gaining independence from the group under the leadership of Chung Mong-koo. In 2003, Hankook changed its name to Hyundai Glovis, a portmanteau of the words "global" and "vision."
Chung Eui-sun, the only son of Chung Mong-koo, chairman and group owner-manager of Hyundai Motor, is the biggest shareholder in Hyundai Glovis. Hyundai Motor and Chung Mong-koo are also major shareholders in the logistics company. Chung Eui-sun, who is expected to succeed his father as head of the Hyundai Motor group, is vice chairman of Hyundai Motor.
In addition to offering logistics services for finished Hyundai cars, Hyundai Glovis also ships parts to the automaker's overseas plants. It has business outlets in the U.S. as well as in countries in Europe and Asia in which it has plants for finished vehicles. Stable orders from Hyundai Motor group have enabled the logistics unit to grow in step with the carmaker's expanding global vehicle sales.
Hyundai Glovis also auctions and exports used cars to Russia and other markets, in addition to selling them in South Korea.
The company is increasingly handling nonautomotive goods. In 2015, it won a $500 million order from a state-run Qatari company to transport 50 million tons of aggregates from the United Arab Emirates to Qatar over five years starting in 2016.
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South Korea business
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- Local currency
- US Dollar
|Income before tax||650,127.79M|
|Dividends per share||3,000|
|Operating cash flow||606,297.46M|
Currency in KRW
|Income before tax||560.36M|
|Dividends per share||2.58|
|Operating cash flow||522.58M|
Currency in USD
- President, Chief Executive Officer & Director: Kyeong-Bae Kim
- Director & Head-Finance Planning: Soon-Bok Kim
- Director, Vice President & Head-Logistics: Hyeong-Ho Kim
- Executive Director: Seung-Yong Sung
- Executive Director & Head-Management Support: Geon-Yong Lee
- CHUNG EUI-SUN(23.2%)
- Wallenius Wilhelmsen Logistics ASA(12.0%)
- National Pension Service of Korea(10.9%)
- CHUNG MONG KOO(6.7%)
- Hyundai Motor Co., Ltd.(4.8%)
- Hyundai Motor Chung Mong-Koo Foundation(4.4%)
- The Vanguard Group, Inc.(1.1%)
- BlackRock Fund Advisors(1.1%)
- Norges Bank Investment Management(1.0%)
- Nordea Investment Management AB (Denmark)(1.0%)
- Website: http://www.glovis.net
- Address: 301 Teheran-ro, Gangnam-gu, Seoul, 06152, South Korea
- Phone: +82.2.6191.9114
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