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LX Pantos Partners with
China’s No.1 Logistics Company
to Build Northeast Asia’s Leading Logistics Hub
- Agreement signed to establish FutureLinks, a Korea-China joint venture
- A strategic partnership to leverage surging e-commerce cargo flows in the Northeast Asian logistics market
- Aiming to capitalize on surging transshipment volumes of e-commerce cargo from China at Incheon Airport
LX Pantos (CEO: Lee Yong-ho) has partnered with Sinotrans, China’s largest logistics company, to establish a new joint venture targeting the rapidly expanding sea-air multimodal transport market. The collaboration aims to leverage e-commerce cargo originating from China to build a global transshipment network and reinforce Incheon’s position as a key logistics hub in Northeast Asia.
On November 13, LX Pantos announced that it had signed a joint venture agreement at Sinotrans's headquarters in Beijing to establish FutureLinks. LX Pantos CEO Lee Yong-ho, Sinotrans Chairman Zhang Yi, and senior executives from both companies attended the signing ceremony.
Sinotrans is China’s leading global logistics enterprise and the world’s No. 1 ocean freight forwarder, handling 4.87 million TEUs in 2024.
Under the agreement, LX Pantos will hold a 60% stake in FutureLinks, while Sinotrans will retain a 40% stake.
The joint venture will establish a transshipment network centered on the Incheon-Weihai (Shandong Province) route, one of the key logistics corridors between Korea and China, and will offer integrated end-to-end logistics services across major global consumption markets, including North America and Europe.
The joint venture’s core model involves shipping cargo from across China to ports of Korea by sea, followed by air transport from Incheon International Airport to destinations worldwide. As China’s domestic air logistics capacity struggles to keep pace with surging e-commerce demand, Incheon has rapidly gained strategic importance as a primary transshipment hub. Leveraging its close geographic proximity to China and a network linking 192 global destinations, Incheon International Airport offers a highly competitive base for sea-air multimodal operations.
By utilizing Incheon’s growing role in regional cargo flows, LX Pantos and Sinotrans aim to capture the rising demand for multimodal transport and position FutureLinks as Northeast Asia’s leading sea-air logistics provider.
According to the Incheon International Airport Corporation, the airport handled 118,000 tons of multimodal cargo in 2024—an increase of approximately 20% year on year.
Commenting on the partnership, LX Pantos CEO Lee Yong-ho said, “This collaboration marks a new growth model to preempt the Northeast Asia transshipment market and the culmination of a long-standing strategic partnership between our two companies. In addition, the surging influx of e-commerce cargo flows from China is highly expected to further strengthen the competitiveness of Korea’s logistics industry.”
Sinotrans Chairman Zhang Yi added, “LX Pantos is Korea’s leading logistics company, with strong air cargo capabilities and a broad global network. Together, we will create new synergies in the Korea-China multimodal transport market.”
[Photo 1] LX Pantos CEO Lee Yong-ho(Second from the left in the back row) and Sinotrans Chairman Zhang Yi(Third from the left in the back row) pose for a commemorative photo at the joint venture signing ceremony held at the Sinotrans headquarters in Beijing on November 13
[Photo 2] LX Pantos CEO Lee Yong-ho and Sinotrans Chairman Zhang Yi pose for a commemorative photo at the joint venture signing ceremony held at the Sinotrans headquarters in Beijing on November 13
[Photo 3] LX Pantos CEO Lee Yong-ho(8th from the left) and Sinotrans Chairman Zhang Yi(9th from the left) pose for a commemorative photo at the joint venture signing ceremony held at the Sinotrans headquarters in Beijing on November 13
[Photo 4] Cargo transshipment trends at Incheon International Airport
driven by growing sea-air multimodal traffic
(Unit: tons)
(Source: Incheon International Airport Corporation)