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Coupang signed a KRW 100 bln investment deal to build a new logistics center in Eumseong
Date
2020.07.20
Views
127


According to Yonhap News,


Coupang and its Coupang Fulfillment Service (CFS) signed a KRW 100 billion investment contract on Jul 10 with North Chungcheong Province to newly establish a logistics center near Geumwang Techno Valley located inside Eumseong-Gun. Korea’s Amazon equivalent e-commerce giant, Coupang, unleashed its construction project to build up a large distribution center on a 99,000㎡ site, with a local recruitment plan to hire 500 new employees. They also pledged local purchasing for construction materials consumed in the process, part of commitment to a boost for local economy.

Provincial authorities also vowed to provide a string of administrative supports to speed up the entire process.
Eumsung recently has become a rising hot spot for logistics business, accommodating CJ Logistics, Lotte Global Logistics Co., Ltd, alongside Coupang.


Source Text


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jeonch@yna.co.kr

Source: Yonhap News (Jul 10 , 2020)


** This article was translated from Korean.