Hyundai Glovis Co., Ltd. has formed a joint venture with United Logistics Co to expand its logistics business in the auto market. The JV company, Jiangsu Gelian will be headquartered in Yancheng, China and will engage in transportation, storage and export of finished cars with a focus on northeastern China. The joint venture would also seek business opportunities in procurement and import-export logistics. Deal Type Partnership, sub-category joint venture and deal status completed on october 28, 2019.