Lee Min-hyung joined The Korea Times in 2014 and has worked as a journalist mainly in Korea’s finance, tech and automotive industry. He specializes in content creation, breaking news and in-depth analysis currently on transportation and mobility. You can reach him via mhlee@koreatimes.co.kr.
Hyundai Glovis recognized as world’s fastest-growing logistics firm
Hyundai Glovis' dual-fuel LNG car carrier is ready to ship vehicles at a port in Pyeongtaek, Gyeonggi Province, in this undated photo. Courtesy of Hyundai Glovis
By Lee Min-hyung
Hyundai Glovis has been recognized as the world’s fastest-growing logistics company, according to a global brand valuation consultancy Thursday.
A recent report by Brand Finance showed the brand value of the Korean logistics firm surged 81 percent in 2025 from the previous year, the highest growth rate among the world’s top 25 logistics firms.
Valued at $3 billion (4.16 trillion won), Hyundai Glovis ranked 21st in brand value among the surveyed global logistics firms and was the only Korean logistics company to make the list.
Hyundai Glovis also ranked fourth in Brand Finance’s Brand Strength Index with a score of 86.1 points. This reflects the firm’s competitiveness in areas such as investment, brand recognition and business performance.
In 2023, Hyundai Glovis unveiled its road map to achieve carbon neutrality by 2045. The firm is on track to introduce auto carriers powered by dual-fuel liquefied natural gas (LNG) engines through a 2.5 trillion won investment and plans to gradually increase the share of the vessels in its fleet.
LNG duel-fuel engines run on both conventional heavy fuel oil, also known as bunker fuel, and LNG, a lower-carbon alternative. This enables the firm to reduce emissions during maritime transport.
Brand Finance also praised Hyundai Glovis’ ongoing construction of a new integrated logistics facility in the southern port city of Busan as a clear demonstration of the firm’s commitment to expanding its global logistics network.
Hyundai Glovis’ close partnership with Hyundai Motor Group played a key role in boosting its brand recognition domestically and abroad. Last year, Hyundai Glovis signed a five-year maritime transport contract worth 6.7 trillion won with Hyundai Motor and Kia.
“The latest outcome can be seen as international recognition in the firm’s efforts to prioritize customer value and create tangible outcomes through sustainable management,” a Hyundai Glovis official said.
Hyundai Glovis is also being praised by other major global institutions. In February, the global credit ratings agency Moody’s upgraded the firm’s credit outlook from stable to positive.
Hyundai Glovis is the only Korean logistics firm to be included in the Dow Jones Sustainability Indices for 10 consecutive years, appearing on the Asia-Pacific and Korea benchmarks.