Coupang launches $195m distribution centre in Busan | Retail Asia
,Korea
53 views

Coupang launches $195m distribution centre in Busan

It is expected to be completed by 2024.

Coupang is investing $195m (KRW220b) to launch a new distribution center in the southeastern port city of Busan with goals to spur its global capacities, Yonhap reported.

The company said it will set up a new distribution center on a 170,000-square-meter tract of land in Gangseo District in Busan, according to the memorandum of understanding signed with Busan Metropolitan City and the Busan-Jinhae Free Economic Zone Authority (BJFEZ).

According to the project, the Busan center will be completed by 2024.

After listing on the New York Stock Exchange, Coupang expressed plans to set up four distribution centers in South Korea. Priorly, Coupang said it will establish distribution facilities in North Jeolla Province, South Gyeongsang Province and North Chungcheong Province.

Coupang said it will invest a combined $902.73m (KRW1.02t) in launching these four operations, which are estimated to create about 9,500 new jobs.
 

Get Retail Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

55% of consumers are frustrated with long log-in and sign up forms.
The platform can issue authenticity certificates with a team of watch appraisers.
It is rolling out a series of promotions including an instant win game.
Some are introducing, expanding, or shortening their quick delivery services.
The flagship store will be open by the spring of 2022.
The store will bring over 800 brands, including those in the electronics sector.
One store caters to travellers, whilst the other is available only to airport staff.
Department stores in the capital have recently become hotbeds of infection.
Winners were awarded via digital award presentations on 12-16 July.
More shoppers are influenced by amusing, short videos when it comes to trying out new products.
Real household spending will continue to fall below pre-pandemic levels in the coming years.
Contrary to the popular stereotype, Singaporean men are more price-conscious than Singaporean women.
Singapore undergraduate teams will compete for $8,000 and an internship with Lazada.
Chain operators are especially expected to grow at a higher rate.