[Special Stock] Hansol Logistics Rises on News of Government Doubling Logistics Support, Highlighting Exclusive Samsung SDI Logistics Role

[Asia Economy Reporter Jang Hyowon] Hansol Logistics is showing strong performance. The company is highlighted following the government's announcement to double logistics cost support per company, as Hansol Logistics handles logistics for Samsung SDI's China branch.

As of 11:08 AM on the 12th, Hansol Logistics is trading at 3,590 KRW, up 3.46% from the previous day.

The global logistics crisis and Deputy Prime Minister Hong Nam-ki's remarks at the 35th Emergency Economic Central Countermeasures Headquarters meeting, mentioning "doubling logistics cost support per company and simplifying customs declarations," have drawn attention to Hansol Logistics.

According to industry sources, Hansol Logistics is known to handle over 90% of logistics for Samsung SDI's China branch.

While Samsung SDI's China branch sales have grown at an average annual rate of 13.9% over the past three years, Hansol Logistics' China branch has also grown at an average annual rate of 17.2%. Additionally, industry sources indicate that since the end of last year, Samsung SDI has been making an additional investment of 1.2 trillion KRW in its Hungary plant, and Hansol Logistics' Hungary branch is expected to oversee Samsung SDI's European logistics.