Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
CJ Logistics is set to construct three new logistic hubs in the United States. The logistics arm of South Korea’s CJ Group revealed an investment of KRW600 billion or about $416 million for the facilities.
The company joined forces with the state-owned Korea Ocean Business Corporation (KOBC) to build the said logistic centers with a combined size of about 50 soccer fields. This is a notable cooperation because this will be the first time that a local private and public company has teamed up to build such facilities outside of the country.
Korea Joongang Daily reported that the construction of the three logistics centers is set to begin within the first quarter of 2024, and some phases of the buildings are expected to be completed between the first half of 2026 and 2027. The construction sites are on lands owned by CJ Logistics America in Des Plaines and Elwood, both in the state of Illinois. The third location is in Secaucus in New Jersey.
The sites cover a total of 360,000 square meters or 88.6 acres and sit close to other major logistics and distribution centers in New York and Chicago. The opening of these logistics centers will also help expand the global reach of CJ Logistics in the supply chain.
"We are committed to supporting our North America customer base, South Korean companies and e-commerce sellers as they enter the U.S. market,” Kang Sin Ho, the chief executive officer of CJ Logistics, said in a press release. “By utilizing our cutting-edge logistics infrastructure and operational capabilities, we aim to increase customer value, serve as a strategic partner to our customers who can benefit from global and multimodal solutions, and expand the 'K-Wave' into the business sector."
KOBC’s chief, Kim Yang Soo, also commented, "The construction of logistics hubs in the U.S. will enhance the competitiveness of South Korea's global supply chain and create value-added supply chain services through integration with maritime logistics."
Photo by: CJ Logistics Newsroom
