Incheon Airport Breaks Ground on 'E-commerce Global Shipping Center'

[Asia Economy Reporter Yoo Hyun-seok] Incheon International Airport Corporation announced on the 30th that SpaceisOne has begun construction of a global e-commerce delivery center in the Incheon Airport Free Trade Zone on the 29th.

The groundbreaking ceremony for the delivery center was held the previous day at the global delivery center construction site (1st Airport Logistics Complex). About 50 officials attended the event, including Lee Sang-yong, Head of Logistics at Incheon Airport Corporation, Mo Sang-hee, CEO of SpaceisOne, and Kim Eung-soo, Group Head of MXN Holdings.

SpaceisOne plans to build a new global delivery center on approximately 12,866㎡ of land in the Incheon Airport Logistics Complex (1st Airport Logistics Complex), with 7 floors above ground and a total floor area of 27,386.14㎡, aiming for completion in August 2023. Once completed, the global delivery center is expected to handle about 8,000 tons of transshipment cargo and create approximately 240 new jobs. It is also anticipated to attract over 20 million USD (about 25 billion KRW) in foreign currency.

The total project cost for the delivery center construction is about 31 billion KRW. The investment is being handled by MXN Holdings, a US-based e-commerce specialist company.

MXN Holdings is the major shareholder of SpaceisOne and a global supply partner for leading brands worldwide. As of 2020, it generated over 300 billion KRW in annual transaction volume and has been growing significantly each year.

Mo Sang-hee, CEO of SpaceisOne, said, “This logistics center is designed with an optimized system for cross-border e-commerce and is expected to become an advanced model of a global logistics platform.”

Kim Kyung-wook, President of Incheon International Airport Corporation, said, “Despite the COVID-19 crisis, Incheon Airport’s international air cargo volume grew about 20% last year, achieving a global top 2 ranking. Going forward, we will continue to expand high value-added logistics infrastructure considering future air cargo market changes and strive to elevate Incheon Airport as the world’s number one air logistics hub airport.”

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