Coupang Advanced Logistics Center to be Built in Daejeon... Investment Scale 60 Billion KRW

Huh Tae-jung, Mayor of Daejeon (second from the right), is taking a commemorative photo after the agreement ceremony for attracting Coupang Advanced Logistics Center on the 7th. Provided by Daejeon City

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Coupang Inc.'s advanced logistics center will be built in Daejeon. The company plans to invest 60 billion KRW in the region for the construction of the center.

On the 7th, Daejeon City announced that Mayor Heo Tae-jeong, Coupang CEO Park Dae-joon, and Coupang Daejeon Fulfillment First Co., Ltd. CEO Kang Hyun-oh met and signed a business agreement for new investment and support for the logistics center.

According to the agreement, Coupang will build a logistics center with an area of 30,319㎡ within the Namdaejeon Comprehensive Logistics Complex by next year and will prioritize hiring about 300 new employees from the local area for the operation of the logistics center.

The city expects that once the logistics center is operational, it will serve as a hub for frozen food and food ingredient distribution in the central region, driving the growth and development of related companies in the Daejeon area. It is also anticipated to contribute to job creation for local youth based in logistics, packaging, inspection, operations, and delivery personnel.

Mayor Heo Tae-jeong of Daejeon said, “At this time when the local economy is stagnating due to the prolonged COVID-19 pandemic, attracting the logistics center is expected to bring new vitality,” and added, “The city will continue to provide unwavering support so that companies can proceed with stable investments in the region.”

This content was produced with the assistance of AI translation services.