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KRW980bn to be invested in Busan, from Coupang, BGF, Lotte and others, creating 6,000 jobs
In Busan's Gangseo District, private investments totaling KRW 980 billion, including logistics centers from Lotte Shopping, BGF Retail, and Coupang, are expected to create approximately 6,000 jobs.
On July 1st, marking his third anniversary in office, Mayor Park Heong-jun will visit the construction sites of the Lotte Shopping Automated Logistics Center, BGF Retail Logistics Center, and Coupang Logistics Center in Gangseo District.
Mayor Park will directly assess the progress of large-scale investment implementation and engage in on-site communication, aimed at creating local jobs.
This visit is intended to listen to the voices of businesses at investment sites, explore ways to create the best investment environment, and foster collaboration in creating local jobs.
The Lotte Shopping Automated Logistics Center, with a total floor area of 41,000㎡, is set to be completed next month with an investment of approximately KRW 200 billion. The city expects the creation of 2,000 new jobs in areas such as production management, on-site work, and delivery.
The BGF Retail and Coupang Logistics Centers are currently at 30% progress rate.
The BGF Retail Logistics Center, with a total floor area of 128,000㎡, is the largest of the company’s logistics centers. It will have a differentiated convenience store logistics system and is expected to be operational in 2026, with an investment of over KRW 260 billion. It will create 800 local jobs.
Coupang's Logistics Center, with a total floor area of 198,000㎡ and an investment of KRW 300 billion, will introduce an advanced logistics system using AI and big data technology. It is set to be completed in the second half of 2026, creating 3,000 new jobs.
The city also announced that, including these companies, a total of KRW 980 billion in corporate investments have been made in Gangseo-gu, including Busan New Port.
In October of last year, Nongshim signed an MOU with Busan-si and began constructing an export-only production facility at its Noksan Factory in Gangseo District, which will create 150 new jobs.
Mayor Park said, "Based on Busan's superior logistics infrastructure and administrative support system, we will strengthen the virtuous cycle of private investment and job creation."
wink@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.07.07
Views
11
According to Yonhap News,
In Busan's Gangseo District, private investments totaling KRW 980 billion, including logistics centers from Lotte Shopping, BGF Retail, and Coupang, are expected to create approximately 6,000 jobs.
On July 1st, marking his third anniversary in office, Mayor Park Heong-jun will visit the construction sites of the Lotte Shopping Automated Logistics Center, BGF Retail Logistics Center, and Coupang Logistics Center in Gangseo District.
Mayor Park will directly assess the progress of large-scale investment implementation and engage in on-site communication, aimed at creating local jobs.
This visit is intended to listen to the voices of businesses at investment sites, explore ways to create the best investment environment, and foster collaboration in creating local jobs.
The Lotte Shopping Automated Logistics Center, with a total floor area of 41,000㎡, is set to be completed next month with an investment of approximately KRW 200 billion. The city expects the creation of 2,000 new jobs in areas such as production management, on-site work, and delivery.
The BGF Retail and Coupang Logistics Centers are currently at 30% progress rate.
The BGF Retail Logistics Center, with a total floor area of 128,000㎡, is the largest of the company’s logistics centers. It will have a differentiated convenience store logistics system and is expected to be operational in 2026, with an investment of over KRW 260 billion. It will create 800 local jobs.
Coupang's Logistics Center, with a total floor area of 198,000㎡ and an investment of KRW 300 billion, will introduce an advanced logistics system using AI and big data technology. It is set to be completed in the second half of 2026, creating 3,000 new jobs.
The city also announced that, including these companies, a total of KRW 980 billion in corporate investments have been made in Gangseo-gu, including Busan New Port.
In October of last year, Nongshim signed an MOU with Busan-si and began constructing an export-only production facility at its Noksan Factory in Gangseo District, which will create 150 new jobs.
Mayor Park said, "Based on Busan's superior logistics infrastructure and administrative support system, we will strengthen the virtuous cycle of private investment and job creation."
wink@yna.co.kr
Source Text
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Source: Yonhap News (July 1, 2024)
** This article was translated from Korean.