What: Shinsegae eyes on taking over Hanjin's logistics unit.

Why it is important: Access to logistics is becoming key for retailers.

Shinsegae is looking to buy Hanjin Group's logistics unit to bolster its delivery service infrastructure to cope with the rapidly growing e-commerce business.

The company, which is focusing on expanding its online business through SSG.com, showed interest in purchasing Logen Logistics when it was put up for sale last year, but decided its 7 percent market share was too low. Hanjin Logistics, on the other hand, has a 13.2% share of the parcel delivery market, just 0.6% smaller than that of No. 2 player Lotte Global Logistics.

Shinsegae's main rivals in the online business are Naver, Coupang and Lotte, which have either their own delivery service firms or strategic partnerships with local logistics companies.

 Shinsegae eyes on taking over Hanjin's logistics unit