Coupang invested 300 billion won to build a logistics distribution center with a total area of ​​180,000 square meters

Coupang invested 300 billion won to build a logistics distribution center with a total area of ​​180,000 square meters

Coupang will build three new delivery centers in South Gyeongsang Province. This is another additional investment just over 10 days after Coupang announced plans to build its largest logistics center in Wanju County, North Jeolla Province .

 

According to the memorandum of understanding signed with Gyeongsangnam-do, Changwon City, Gimhae City and Busan Jinhae Free Economic Zone, Coupang will invest 298.6 billion won to build two new comprehensive smart logistics centers for general and fresh goods in the Dudong area of ​​Jinhae District, Changwon City, Busan Jinhae Free Economic Zone.

 

Gyeongnam Coupang Logistics Center opened


In addition, a logistics center will be built in Gimhae City with an investment of 19 billion won , bringing the total investment to over 300 billion won.

 

This approach will create 4,000 direct jobs in South Gyeongsang Province and build the largest distribution center in South Gyeongsang Province with a total area of ​​180,000 square meters.

 

This investment will not only create more high-quality jobs in South Gyeongsang Province, but will also provide new and powerful sales channels for local small businesses and farmers and fishermen, helping to develop the regional economy.

 

This is the second major investment made by Coupang after its listing on the New York Stock Exchange on the 11th of last month. Coupang has supported this series of large-scale investments with more than 4 trillion won in cash flow after its listing.

 


Coupang will build a "rocket delivery network" by investing in distribution centers. Currently, Coupang's rocket delivery is nominally carried out nationwide, but in many places, the area of ​​rocket delivery is still uncertain . This phenomenon is more obvious the farther away from the capital.

 

From this point of view, Coupang's investment in North Jeolla and South Gyeongsang regions is expected to become an opportunity to expand rocket delivery points to local consumers.

 

According to the investment plan disclosed by Coupang after its IPO, Coupang will set up a complete set of integrated logistics management system (ILM) centers in seven regions of South Korea except Seoul, with a total area of ​​1 million square meters. It is planned to fully realize the strategic goal of delivery within 10 km by 2025.

 

In addition to the investment in the logistics center, Coupang will also invest new funds, including strengthening delivery services through the Coupang Logistics Center, expanding online video services (OTT), strengthening its own brand (PB) products, and expanding the use of fresh foods such as direct sales from the source.

Logistics Center

Coupang

South Korea

<<:  Entering Latin America! Pinterest launches advertising business in Brazil

>>:  Maharashtra lockdown hits Indian economy hard

Recommend

What is Montir? Montir Review, Features

Montir is an Indonesian auto parts platform found...

The world's top 9 e-commerce platforms are fully open to Chinese sellers!

As the year draws to a close, another major event...

What is Flubit? Flubit Review, Features

Flubit is a British online shopping startup known ...

Hair dye is a necessity! These colors are the most popular in North America

Sally Beauty reported on Thursday that dying your...

What is Hunan Search Technology? Hunan Search Technology Review, Features

Hunan Search Technology Co., Ltd. was established...

Banggood CEO Zou Xin: "Bankruptcy" is a false rumor

Yesterday afternoon, the news that Banggood filed...

Losing money to gain sales! This PD scares a group of sellers

Yesterday, Amazon's Prime Day promotion offic...

What is Art of Sport? Art of Sport Review, Features

Art of Sport is a personal care product brand targ...