[Edaily Reporter Kim Hyung-il ] Comprehensive logistics service provider Taewoong Logistics Co., Ltd.(124560)announced on the 12th that it improved its profitability by increasing its cumulative operating profit for the first three quarters of this year by 304% compared to the same period last year.

Taewoong Logistics Co., Ltd. disclosed that its cumulative consolidated revenue for the third quarter of 2026 reached 1.0588 trillion won, a 28% increase compared to the same period last year. Cumulative operating profit for the same period rose 304% to 22.3 billion won. Cumulative net income stood at 5.2 billion won, marking a turnaround from a loss in the same period last year to a profit.

Taewoong Logistics Co., Ltd. cited the diversification of its logistics portfolio and proactive responses to changes in the global logistics market as the reasons behind the improved performance. The company explained that, amid ongoing uncertainty in the global logistics environment—including geopolitical risks surrounding the Strait of Hormuz and the Red Sea—it strengthened its business portfolio by identifying diverse logistics opportunities and expanding its customer base.

In particular, the company stated that it improved profitability by enhancing operational efficiency and strengthening business competitiveness, with a focus on high-value-added logistics services. As the upward trend in ocean freight rates continues, the company plans to boost profitability in the fourth quarter by pursuing operational efficiency improvements centered on high-value-added logistics services.

The company is also pursuing revenue growth through new business ventures. Taewoong Logistics Co., Ltd. established a fulfillment center in the Seoul metropolitan area and launched its cross-border e-commerce logistics business this year. In August, it expanded its global e-commerce logistics business by acquiring a controlling stake in E2MAS, a cross-border e-commerce logistics platform company.

The operating results from the acquisition of E2MAS are expected to be reflected in the consolidated financial statements starting in the fourth quarter of this year. Taewoong Logistics Co., Ltd. plans to strengthen the foundation for revenue growth through these new businesses.

The company is also advancing the adoption of artificial intelligence (AI) technology to enhance logistics operational efficiency and service competitiveness. The company explained that it is continuing its shareholder return policy—such as increasing dividend payouts—despite posting a net loss last year.

Taewoong Logistics Co., Ltd. stated, “We have diversified our business portfolio by focusing on high-value-added logistics services, proactively responded to market changes, and improved profitability.” The official added, “In the fourth quarter, we expect profitability to improve further compared to the third quarter as we continue to streamline logistics operations and respond flexibly to changes in the global logistics environment.”