Yong-ho Lee, CEO of LX Pantos, has significantly bolstered the company’s presence in China’s logistics market through a strategic alliance with Guiyang, a prominent logistics and industrial hub in Southwest China.
In a pivotal meeting at the LX Pantos headquarters in Jongno, Seoul, CEO Lee engaged with Hu Zhongxiong, the Chinese Communist Party (CCP) Committee Secretary of Guiyang, to explore avenues for enhancing Korea-China logistics cooperation.
Guiyang, the capital of Guizhou Province, has rapidly become a cornerstone of China’s digital economy and IT sector, contributing nearly half of its GDP from digital enterprises. Its strategic location and expanding inland market position it as a key player in China’s logistics landscape.
Both parties prioritized strategies to promote Korea-China logistics cooperation and formalized their commitment by signing a memorandum of understanding (MOU) between LX Pantos and Guiyang Logistics Co., Ltd., a state-owned logistics enterprise. This agreement paves the way for collaborative efforts to:
Develop innovative transportation projects and integrated logistics systems to boost Korea-China trade flows
Leverage complementary strengths to expand logistics services across China’s inland regions and international markets
Provide robust logistics support for Guiyang-based companies engaging in exports and imports with the Korean market
This partnership reflects LX Pantos’s dedication to driving innovation and global expansion within the logistics sector. The company has reached several strategic milestones in 2024, including:
Launching a large-scale rail terminal near Budapest, Hungary
Advancing a Korea-China joint venture for multimodal transport services
Expanding into resource logistics markets in Indonesia
Signing a memorandum of understanding with a state-owned shipping company in Vietnam
Developing a trans-Caspian transport route to enhance international market access
Through these initiatives, LX Pantos continues to solidify its position as a leading player in the global logistics industry, fostering stronger Korea-China trade relations and contributing to the advancement of the logistics sector worldwide.
