LOTTE Global Logistics, which is pursuing a listing on the Korea Composite Stock Price Index (KOSPI), announced that it would invest the funds secured from the listing in facilities and strengthen synergies with group companies such as secondary batteries and bio to enhance corporate value.
LOTTE Global Logistics will conduct a demand forecast from 24th to 30th to finalize the public offering price and proceed with subscription on the 12th and 13th of next month. The proposed public offering price range set by LOTTE Global Logistics is 11,500 won to 13,500 won per share, with a market capitalization based on the public offering price estimated at 478.9 billion won to 562.2 billion won.
On the 21st, LOTTE Global Logistics held a press conference at the Conrad Hotel in Yeouido, Seoul, where it revealed its future business plans. As a logistics specialist within the LOTTE Group, LOTTE Global Logistics had the second-highest revenue in the courier industry last year, following CJ Logistics.
Kang Byeong-gu, CEO of LOTTE Global Logistics, noted, "We plan to participate as a core group company in LOTTE Group's new businesses such as ammonia, secondary batteries, and the bio industry," adding, "We will proactively respond to industries like hydrogen, ammonia, and secondary batteries and lead the special logistics market."
He said, "The secondary battery market is stagnant due to a chasm, but I expect it will grow by an average of 20% annually in the long term," adding, "By 2030, we plan to achieve related sales reaching 60 billion won per year."
LOTTE Global Logistics recorded sales of 3.5733 trillion won last year. Its operating profit was 90.2 billion won, and its net profit was 40.5 billion won.
CEO Kang noted, "We are preparing for hydrogen transport through ammonia-powered vessels to respond to the hydrogen market, which is expected to grow by an average of 7% per year," adding, "We are planning business models with group companies such as LOTTE Fine Chemical and LOTTE Chemical."
CEO Kang addressed the 'seven-day delivery' that the courier industry, led by CJ Logistics, is considering, stating, "We will gradually expand promise delivery to respond to customer demand." The promise delivery service, which allows deliveries at times chosen by customers, will adapt as demand for weekend deliveries increases.
LOTTE Global Logistics plans to allocate approximately 34.8 billion won of the funds secured from the listing for facility investments. This mainly includes building domestic courier infrastructure, developing smart logistics, and expanding the overall operation and integrated logistics systems. It will also invest in global projects, including securing a cold chain logistics center in southern Vietnam.
CEO Kang stated, "We aim to secure profitability and will actively promote dividends starting in 2026."