Hyundai Movex doubles exports as logistics push pays off

Apr 13, 2026, 08:05 am

Hyundai Movex has recorded a sharp rise in exports, reflecting the success of its integrated logistics automation strategy led by Hyun Jeong-eun.

According to the company’s business report released on April 12, exports in its logistics automation segment reached 194.4 billion won in 2025, marking a 121% increase from 88.1 billion won the previous year.

Despite a 20% decline in domestic sales to 118.4 billion won, strong overseas performance lifted total revenue by 15% to 393.9 billion won. The share of exports also expanded significantly from 41% to 60%, surpassing half of total sales.

Industry analysts attribute the growth to rising global inflation and labor costs, which have accelerated demand for automation. Hyundai Movex secured new orders worth 656.5 billion won last year, extending its growth streak for the third consecutive year.

Market research firm Grand View Research projects the global logistics automation market to grow from $45.4 billion in 2025 to $90 billion by 2030.

Kim Sung-hwan, an analyst at Bookook Securities, said, “Inflationary pressure driven by geopolitical risks is pushing up global logistics and labor costs,” adding that increased automation investment in downstream industries is likely to translate into mid- to long-term order growth. He noted that Hyundai Movex’s order backlog has more than doubled compared to 2018.

The company’s competitiveness is widely seen as stemming from strategic decisions by Hyun. In 2017, she spun off the logistics automation division from Hyundai Elevator to establish Hyundai Movex, and the following year led its merger with IT services affiliate Hyundai U&I to restructure the business.

This integration combined hardware capabilities in logistics equipment with IT and software expertise, enabling Hyundai Movex to develop its own systems encompassing robot control, warehouse management systems (WMS), and simulation platforms. The company now offers total solutions that integrate logistics processes through software while flexibly deploying automated guided vehicles (AGVs) tailored to customer environments.

Looking ahead, Hyundai Movex aims to sustain growth by focusing on North America, leveraging logistics solutions that combine artificial intelligence and robotics. The company has already secured product competitiveness by mass-producing a range of AGVs, from high-load 2-ton models to lightweight transport units.

It is also preparing to supply low-profile AGVs, elevator-integrated delivery robots, and four-way shuttle systems capable of multi-directional movement.

A company official said Hyundai Movex continues to expand globally through its existing operations in China, Vietnam, and the United States, alongside the establishment of a new subsidiary in Hungary and an office in Indonesia. “Our mid- to long-term goal is to become a global top-tier player,” the official said.

Meanwhile, the company plans to revive its slowing domestic performance by targeting the fast-growing e-commerce sector. According to Statistics Korea, the country’s online shopping market reached 272 trillion won in 2025, more than 2.5 times its size in 2017 and up 28.2% from 2024.

Industry insiders note that competition is intensifying among companies seeking to lead the rapidly growing e-commerce market, with major firms continuing to invest in advanced logistics centers and automation systems.

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