Investment of 320 Billion Won Creates 2,500 Local Jobs... "A Stepping Stone for Regional Economic Development"

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[Asia Economy Reporter Kim Cheol-hyun] Coupang announced on the 24th that it will hold a completion ceremony for the Daegu Advanced Logistics Center (hereinafter Daegu FC), the largest single logistics facility in South Korea.


Daegu FC is a massive fulfillment center with a total floor area of 330,000㎡ (approximately 100,000 pyeong), consisting of one basement floor and five above-ground floors, equivalent to the size of 46 soccer fields. It is the largest among Coupang FCs nationwide, including Incheon, Goyang, and Dongtan, and is said to be the largest single logistics facility in the country.


Daegu FC began its initial design in May 2019, started construction in February 2020, and received completion approval last December, with the completion ceremony scheduled for this month. It took about 22 months from groundbreaking to completion. The participation rate of local Daegu companies in this construction reached 76%. Daegu FC plans to begin full-scale operations around the second half of next year after testing advanced logistics equipment starting at the end of April.


Coupang plans to invest at least 320 billion KRW in Daegu FC to build a logistics base equipped with the most advanced facilities in the country. Daegu FC will operate as a future-oriented innovative logistics center equipped with eco-friendly logistics facilities, optimizing product management and delivery routes by utilizing artificial intelligence (AI), big data, and automation technologies. A Coupang official stated, "Daegu FC is a key hub in the nationwide logistics system covering the southern region," adding, "As the scope expands to the global market in the future, it will also serve as a foothold for local small business owners to enter overseas markets."



Additionally, Daegu FC will create more than 2,500 new jobs in the Daegu area. Coupang plans to prioritize hiring local residents, focusing on women and middle-aged workers. Once full operations begin, Daegu FC is expected to provide greater business growth opportunities to small business owners in the Daegu region by linking with Coupang's nationwide logistics network. The 'Cheer Up Korea' promotional event, conducted in cooperation with Daegu City in April 2020, resulted in an average sales growth of 112% year-over-year for Daegu-based companies. Coupang CEO Park Dae-joon said, "Coupang will strive to become a stepping stone for regional economic development through logistics infrastructure worthy of the nation's largest and most advanced title."


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

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