Samsung SDS announced on June 19 that the company signed an agreement with the Korindo Group in Indonesia for global integrated logistics operations.
The Korindo Group is one of the representative companies run by Korean businesspeople in Indonesia and has 30 subsidiaries in such sectors as resources and paper, heavy industries, logistics and chemicals.
The two companies saw eye to eye on creating a business cooperation model in the logistics sector and developing it into a joint venture in the future.
Samsung SDS plans to complement local logistics performance and expand overseas sales through the Korindo Group. Korindo Group will promote logistics advancement based on Samsung SDS’s logistics platform 'Cello'.
Samsung SDS has signed a five-year 150-billion-won business process outsourcing (BPO) contract with Aditya in Indonesia.
Samsung SDS is planning to expand its logistics business to cargo ships (bulk carriers), which are mainly used for the transportation of resources from containerships mainly transporting electronics and parts by means of the contract with Aditya.