Korean logistics company LX Pantos, in collaboration with the state-run Korea Ocean Business Corporation, has acquired a large-scale logistics center in Georgia, US, to anchor a key export hub for Korean firms while bolstering its supply chain competitiveness, the company said Tuesday.
According to the logistics company, a signing ceremony was held last Friday in Dalton, Georgia, to formalize the deal. Attendees included LX Pantos CEO Lee Yong-ho, KOBC Director of Business Operations Yoon Sang-ho and officials from the Georgia Department of Economic Development.
Jointly financed through a public-private partnership with a $120 million investment, the newly acquired facility spans a 304,769 square meter site — equivalent to 43 soccer fields — and comprises two buildings.
The investment aligns with the Korean government’s long-term global initiatives, geared toward fortifying self-owned logistics infrastructure for Korean firms in key international markets.
With the newly acquired facility, LX Pantos plans to scale its US logistics operations, ensuring optimal supply chain stability and efficiency for key clients. The company also aims to actively pursue new business opportunities involving both Korean and global manufacturers, a company official explained.
Georgia is home to more than 140 Korean companies, including major players in the automotive and battery sectors, and is poised to serve as a vital supply chain hub, especially as reshoring initiatives gain momentum among American manufacturers.
The acquisition marks the latest stride in LX Pantos’s US expansion drive. In February, it launched Boxlinks, a US-based joint venture with Japanese shipping giant Ocean Network Express, to make inroads into the US intermodal sector.
“The acquisition of this mega-sized logistics facility represents a milestone in the expansion of LX Pantos across North America,” said CEO Lee.
“By securing self-operated logistics assets, we will reinforce our end-to-end supply chain solutions, enhance operational resilience and expand our client portfolio across key industrial sectors, such as automotive, battery and solar energy.”
By No Kyung-min (minmin@heraldcorp.com)
