Coupang to Build Advanced Logistics Base in Gwangju... Employing Over 2,000 People
Construction of a 48,000-pyeong Advanced Logistics Base in Pyeongdong 3rd Industrial Complex... Total Investment of 224 Billion KRW
Park Dae-jun, Head of Coupang's New Business Division (right), and Lee Yong-seop, Mayor of Gwangju Metropolitan City, are signing the 'Gwangju Win-Win Job New Deal Business Agreement' at Gwangju City Hall on the morning of the 4th.
View original image[Asia Economy Reporter Kim Cheol-hyun] Coupang is establishing a large-scale advanced logistics center in Gwangju Metropolitan City and expanding 'Rocket Delivery' more densely to regions nationwide. Coupang announced on the 4th that it held the 'Gwangju Win-Win Job New Deal Business Agreement Ceremony' at Gwangju City Hall, attended by Lee Yong-seop, Mayor of Gwangju, and Park Dae-jun, CEO of Coupang's New Business Division. On this day, Coupang and Gwangju Metropolitan City promised to join forces to build a mega advanced logistics center in Gwangju and to revitalize the local economy and continuously create jobs.
The newly established 'Coupang Gwangju Pyeongdong 3rd Advanced Logistics Center' will have a total floor area of 48,000 pyeong, with construction starting in the first half of next year and aiming for completion in the first half of 2023. It is the first case of simultaneously building both a room-temperature logistics center and a refrigerated/frozen logistics center for fresh food storage on its own, with a total investment cost reaching 224 billion KRW.
The Gwangju logistics center, the first Rocket Delivery nationwide logistics center built in the Honam region, is as large as 22 soccer fields and can ship Rocket Delivery products needed nationwide as well as in the Honam region. Coupang plans to introduce logistics software developed in-house, an AI-based product management and worker movement optimization system, eco-friendly packaging facilities, and advanced logistics equipment at the Gwangju logistics center to reduce workers' burdens and increase efficiency.
In particular, the construction of the Gwangju logistics center is expected to significantly increase quality local jobs. The expected number of new hires due to the logistics center construction exceeds 2,000 people. Coupang's annual labor cost expenditure due to large-scale employment is estimated to be over 70 billion KRW. Although Coupang anticipates an additional annual expenditure of 500 billion KRW this year due to COVID-19, it plans to continue investing in local economic revitalization, win-win cooperation, and customer experience.
Mayor Lee Yong-seop stated, "I hope Coupang will contribute to revitalizing the local economy and creating jobs by realizing the values of stable working environments, sustainable employment, and co-prosperity with small and medium-sized enterprises and small business owners in Gwangju."
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Park Dae-jun, CEO of the New Business Division, said, "We will strive harder to become a model of win-win development with the local community through local economic revitalization and job creation," adding, "Coupang will continue to invest to create more amazing customer experiences using the nationwide logistics network and make customers feel this experience as a natural part of their daily lives."
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