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Coupang to establish 30,000 m2 logistics center in Daejeon

According to Yonhap News,

Coupang, the largest online retailer in Korea, unveiled its plan to establish a high-tech logistics center near Namdaejeon General Logistics Complex in Daejeon City in 2021. City mayor and the E-commerce giant signed an investment MOU on May 7 for the new facility, unfolding the details of the masterplan; a KRW 60 billion worth of high-tech logistics center that will nestle into a 30,319 ㎡ site within Namdaejeon General Logistics Complex by 2021.

Coupang also announced its local hiring plan to add more than 300 new jobs. By forming a limited partnership (SPC), Coupang will pool their money to invest in property purchasing and development sooner or later.
Once the construction project is over, the new high-tech center appears to serve as a main retail business hub, a giant fridge storing frozen food and ingredients to be supplied nationwide, which is believed to be the key growth driver of Daejeon. The investment plan also seems to be good news to local youth employment.

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Source: Yonhap News (May 7 , 2020)

** This article was translated from Korean. 

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