[Featured Stock] Korea Electronics Holdings, China Ali Invests 1.4 Trillion Won in Logistics Center Construction in Korea↑

Korea Electronics Holdings is showing strong performance. This is interpreted as being influenced by the news that the Chinese e-commerce platform AliExpress plans to invest 1.4 trillion KRW in Korea and build a logistics center.

As of 2:29 PM on the 14th, Korea Electronics Holdings is trading at 973 KRW, up 4.85% compared to the previous day.

According to industry sources, Alibaba Group recently submitted a business plan to the government to invest $1.1 billion (approximately 1.4471 trillion KRW) over the next three years to expand its business in Korea.

The plan includes investing $200 million to build an integrated logistics center (fulfillment center) within this year, covering an area of 180,000㎡ (approximately 54,450 pyeong), equivalent to the size of 25 soccer fields. This is interpreted as a strategy to significantly reduce product delivery times and enhance competitiveness by securing a domestic logistics center.

Meanwhile, Korea Electronics Holdings was selected for the first and second phases of the national project to establish and operate a smart logistics platform in the KED Device Industrial Complex in 2022 and last year. It is also known to have been responsible for constructing Coupang’s logistics center in 2021.

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