Samsung SDS to acquire Woojung Air by year‑end
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Samsung SDS signed an agreement to acquire 100% of Woojung Air, with the transaction expected to close by the end of the year.
Woojung Air, which operates a logistics centre of 20,104 sq m in Incheon Airport’s free‑trade zone, handles more than 60,000 tonnes of cargo annually and reported revenue of ₩213.9 bn ($160.5 m) and an operating profit of ₩3 bn last year, giving an operating margin of about 1.4% and employing 135 staff. Its terminal infrastructure and iNOMAD system will be linked to Samsung SDS’s Cello Square platform, while Samsung SDS’s Q2 logistics revenue rose 6.6% year‑on‑year to ₩1.9553 trn, supported by air forwarding and contract logistics.