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According to Yonhap News,
The joint wholesale logistics center for small-and-medium-sized store owners is built in Namwon City, North Jeolla Province.
The completion ceremony for the center was held in Sikjeong-dong, Namwon with Governor Kim Wan-ju and others attending.
About three billion won will be injected into building a loading center, refrigerated storage, conference room on a 2,974 square meter-building and purchasing logistics devices and transportation vehicles.
The logistics center will handle 7,855 kinds of items and operate four vehicles to deliver products to small-and-medium-sizes stores in Nanwon, Imsil, Sunchang and Jangsu in a rapid manner.
The center will allow owners of small stores to purchase products at cheaper prices, which will enhance the price competitiveness of products.
It will buy products directly from producers through a joint purchase, which reduces purchasing costs by up to 30 percent through streamlining of distribution channels.
The center is expected to enable owners of small stores not only to secure price competitiveness but to stabilize the price in the local economy through the stable supply of products.
Source: Yonhap News (Apr. 24, 2012)
** This is an English translation of a Korean news article.