In addition, it has three-way logistics (3PL) capabilities covering port storage, customs clearance, transportation, and SCM design, and is strengthening its smart logistics system based on an AI-based integrated logistics platform. The main customers are large domestic companies, which support supply chain optimization through customized global transportation solutions.
Taewoong Logics focused on domestic business for more than 10 years at the beginning of its business, but changed its name to Taewoong Logics in 2005 and established the first TGL JAPAN corporation in 2007 to expand its local subsidiaries in Asia and South America until the 2010s. In the late 2010s, it began to expand its business to the CIS region and became the first domestic 3PL company to be listed on the KOSDAQ market in December 2019.
Since its IPO in 2019, the company has increased the number of subsidiaries through active M&A to diversify its business by utilizing public offering funds. Following its entry into the ISO Tank business in April 2020, the company acquired GLS KOREA, an overseas migration cargo company, and incorporated it into an affiliate. In May 2020, it has continued to diversify its business through M&A by acquiring SeJoong Logistics, an inland transport company, and incorporating it into an affiliate. In April 2021, Taewoong Logistics Center (4 billion won investment) was established to expand the warehouse business, and TGL US corporation was additionally established in May and Indonesian corporation in November. In 2022, TGL S. Europe S.L (Spanish subsidiary) was established in May and CONGTY TNHH TGL Vietnam subsidiary in June. In 2023, TGL German subsidiary was established in Frankfurt, and in June, it acquired Transall, an air freight forwarder, and incorporated into the subsidiary. In 2024, it acquired its Argentine unit in April and Croatian inland carrier La Trans D.O.O. in July, which now has a total of 19 unlisted subsidiaries.
