Ulsan City Approves Sangcheon Logistics Complex Plan
Industrial and Living Logistics... Establishing Regional Hubs
Expectations to Alleviate Concentration of Logistics Facilities in Yeongnam Region
On the 21st, Ulsan City approved the Ulsan Sangcheon Logistics Complex Plan and announced the topographic maps.
Accordingly, a logistics complex covering an area of 140,571㎡ will be established in the Sangcheon-ri area of Samnam-eup, Ulju-gun, and public facilities such as logistics facilities, support facilities, parking lots, roads, and green spaces will be built within the complex.
Hana Ulsan Logistics Co., Ltd. has been designated as the project implementer, and land compensation and construction will begin in the first half of this year, with completion scheduled for December 2027.
In the western region of Ulsan, there is only the exclusive Yeongnam logistics base of Mega Mart Co., Ltd., so there was a need for a logistics complex that can efficiently handle industrial and living logistics in the western area.
Accordingly, in April 2023, after the Ulsan Sangcheon Logistics Complex Development Project passed the verification by the Logistics Complex Actual Demand Verification Committee, Ulsan City signed a business agreement with the investor and has provided various administrative support for project promotion, including consultations with related organizations and logistics complex plan reviews.
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An official from Ulsan City said, “Once the Ulsan Sangcheon Logistics Complex is established, it is expected to greatly contribute not only to resolving the imbalance in the supply of Yeongnam logistics facilities concentrated in the Busan and Gyeongnam regions but also to strengthening the competitiveness of Ulsan’s logistics industry.”
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