Market Share of South Korea Domestic Courier, Express, and Parcel (CEP) Industry
The South Korean domestic CEP market is fragmented in nature, with a mix of global and local players, which makes the sector highly competitive. Some of the strong players in the country include CJ Logistics, Korea Post, Lotte Global Logistics, Hanjin Express, and Aramex. Unlike the global market, the current domestic online shopping market is not a monopolistic market centered on leading companies but rather involves intensifying competition among multiple companies. As high-cost competition in marketing and delivery continues, the market is expected to reorganize into a monopoly structure owing to mergers and acquisitions, and alliances between companies.
South Korean Domestic Courier, Express, and Parcel Market Leaders
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CJ Logistics
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Korea Post
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Lotte Global Logistics
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Hanjin Express
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Aramex
*Disclaimer: Major Players sorted in no particular order
