Minimum Margin, Lowest Price ... Gimhae City Opens Small and Medium Distribution Joint Wholesale Logistics Center

The Small and Medium Distribution Joint Wholesale Logistics Center in Gimhae-si, Gyeongnam has opened.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Gimhae City in Gyeongnam opened the Gimhae Small and Medium Distribution Joint Wholesale Logistics Center on the 21st.

About 100 people attended the opening ceremony, including Hong Taeyong, Mayor of Gimhae, Ryu Myeongyeol, Chairman of the Gimhae City Council, Choi Subong, Chairman of the Gimhae Small and Medium Distribution Logistics Cooperative, and Bae Seokhee, Director of the Small Business Policy Division at the Ministry of SMEs and Startups.

According to the city, the logistics center was built after being selected in the 2018 public contest by the Ministry of SMEs and Startups.

With a total project cost of 9.5 billion KRW including national funding, it was constructed on a 5,938㎡ site within the Seogimhae General Industrial Complex in Pungyu-dong, with a building area of 2,487㎡ and a single above-ground floor. Construction began in October 2020 and was completed at the end of March this year.

The center has been operated by the Gimhae Small and Medium Distribution Logistics Cooperative since August, involving about 5,500 cooperative members, handling a total of approximately 10,000 products including agricultural, marine, livestock products, and industrial goods.

A city official stated, “The center sells goods to small business owners at the lowest prices by minimizing margins,” adding, “It is expected that the competitiveness of about 39,000 small business owners in the region, including small merchants struggling against large marts, corporate supermarkets, and online shopping malls, as well as local alley markets, will be greatly strengthened.”

Mayor Hong Taeyong said, “Due to the prolonged COVID-19 pandemic, the distribution industry is one of the sectors where the gap between large and small-medium enterprises has widened the most,” and added, “We will actively support the Small and Medium Distribution Logistics Center to reduce purchasing costs through joint purchasing and joint logistics, and to help strengthen the competitiveness of local small and medium distribution businesses by offering minimal margins and the lowest prices.”

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