Taewoong Logistics Signs Definitive Agreement to Acquire Management Rights of Etumas

Taewoong Logistics has signed a definitive agreement to acquire management rights of Etumas, a cross-border e-commerce logistics platform company.

According to Taewoong Logistics on August 24, the company, through its wholly owned subsidiary Taewoong eCommerce Holdings, signed a share purchase agreement (SPA) to acquire 45,638 common shares of Etumas (representing a 74.92% stake) for KRW 65,177,860,000. The share acquisition is scheduled to take place on September 17, subject to the fulfillment of certain preconditions. After the closing of this transaction, Taewoong Logistics has also set up an additional purchase option for 7,002 shares out of the remaining 15,280 shares held by the current Etumas shareholders, to be exercised within 12 months, which is expected to further increase its ownership stake after completing the initial acquisition.

Taewoong Logistics plans to combine its existing international transportation capabilities with Etumas’s order and delivery data and IT-based logistics operation expertise, thereby establishing itself as a foundation that provides seamless end-to-end logistics services—spanning from international shipping to cross-border e-commerce delivery. In particular, it expects to maximize synergies by integrating its global logistics operation experience and market influence in regions such as South America and Central Asia with Etumas’s cross-border e-commerce logistics strengths.

Etumas operates an e-commerce logistics service linked to major global open markets—such as Rakuten in Japan, Shopee in Southeast Asia, and Amazon in the United States—on the basis of its own proprietary logistics platform, Shipnergy. The entire process, from packaging instructions and customs documentation to connecting with local delivery companies, is automated so that brand operators can sell overseas without having to set up a separate logistics team.

A Taewoong Logistics representative stated, “This acquisition is a strategic investment for Taewoong Logistics to expand its business from traditional international logistics to the realms of global e-commerce logistics and logistics IT. By leveraging Etumas’s e-commerce expertise and IT competitiveness, we aim to attract new customers, increase overall logistics volume, and enhance both the company’s growth and profitability.”

This content was produced with the assistance of AI translation services.