What Happened
South Korean Logistics Giant Strengthens Air Cargo Capabilities
Samsung SDS is expanding its airfreight business with the acquisition of South Korean consolidator Woojung Air, adding airline capacity procurement expertise and a wholesale customer base. The deal is expected to strengthen Samsung’s position as a logistics supplier to other cargo owners. According to The Loadstar, the acquisition fits Samsung’s strategy to strengthen its air freight and contract logistics businesses, with completion expected by year-end.