Hyundai Glovis Co., Ltd.: Update following H1 2023 results - Strong financial metrics support credit quality
Our credit view of Hyundai Glovis reflects its close affiliation with Hyundai Motor Group and strong financial profile, which offsets risks around customer concentration and cyclicality.Glovis is engaged in the business of freight transport arrangement including overseas and local logistics. Co. is also engaged in the automobile completely knocked down components and used car distribution businesses.
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