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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

CJ Korea Express to invest W122b in automated parcel sorting

By 윤정현

Published : Sept. 22, 2016 - 13:34

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[DISCLOSURE] CJ Korea Express (000120) announced on Sept. 21 that it will invest 122.7 billion won (US$111.44 million) to install SK Telecom’s automated parcel sorting solutions at 195 sub terminals, which will shorten the distribution process of delivery from the hub. The automated system will lead to more deliveries on the same day as the order. This investment amounts to 5.17 percent of last year’s consolidated equity capital and expires Apr. 30, 2018.

By Yun Jeong-hyeon (clareyun@heraldcorp.com)

CJ Korea Express to invest W122b in automated parcel sorting

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