Korea Express has overtaken Hyundai Express to regain its former position as the largest domesticparcels company in South Korea, according to local newspaper reports.
The company, recently bought by the Kumho-Asiana group, ended 2007 with sales of 293 billionwon (€187 million) and delivered 132 million packages. It also achieved a 5% operating profit whichwas higher than then other three operators, according to official company reports.
This put it ahead of previous domestic market leader Hyundai Express which had sales of 286billion won (€183 million) and 120 million packages. The third largest parcels company was HanjinExpress, with sales of 252 billion won (€161 million), followed by CJ GLS, with 184 billion won(€118 million), according to the reports.
