BGF Retail Holds Topping-Out Ceremony for Largest Busan Logistics Center in the Industry: "Core Growth Engine"

Busan Logistics Center Targeted for Completion in Q4 2026
220 Billion Won Invested in Construction of Logistics Center
Core Global Logistics Hub... Export and Import Base

BGF Retail announced on September 25 that it held a topping-out ceremony on the 24th for the Busan Logistics Center, which is currently being constructed as the largest facility of its kind in the domestic convenience store industry.

The topping-out ceremony is a traditional event held when the framework of a building is nearly complete, during which the main beam is placed. At this event, a message called the “sangnyangmun,” containing the date and wishes for the building, is written and raised together with the beam to mark the birth of the structure and to pray for its safety and prosperity.

BGF Vice Chairman Hong Jungguk (second from left), BGF Retail CEO Min Seungbae (second from right), and key executives of BGF Group attended and took a commemorative photo at the BGF Busan Logistics Center topping-out ceremony. Provided by BGF Retail.

Attendees at the ceremony included BGF Vice Chairman Hong Jungguk, BGF Retail CEO Min Seungbae, Executive Director Jin Youngho, BGF Logis CEO Lee Minjae, and other key executives from BGF Group. In the sangnyangmun, BGF Retail wrote, “On this auspicious day of raising the main beam, we wish for all endeavors to go smoothly, and for the center to become a logistics hub that connects the world.” This message reflected the company’s strong determination and vision for the Busan Logistics Center to be successfully established as a core global logistics hub.

BGF Retail signed a business agreement with Busan Metropolitan City in 2021 for the construction of the Busan Logistics Center. Construction began in September last year in Gulang-dong, Gangseo-gu, within the Busan International Industrial Logistics City. The logistics center is scheduled for completion in the fourth quarter of 2026 and will be built on a site of 47,000 square meters (approximately 14,000 pyeong), with a total floor area of 120,000 square meters (about 38,000 pyeong), making it roughly twice the size of BGF Retail’s existing central logistics center.

BGF Retail has invested approximately 220 billion won in the construction of this logistics center. This marks the largest investment in the company’s logistics business to date and aims to establish a differentiated convenience store logistics system through integration, expansion, and automation of logistics, in response to the continuous annual increase in the number of stores.

By utilizing the Busan Logistics Center, which will be equipped with state-of-the-art automation facilities, BGF Retail plans to efficiently reorganize the delivery system in the Yeongnam region. Additionally, the center will serve as an export base for the rapid transportation of goods and products to future overseas markets such as Mongolia, Malaysia, and Kazakhstan.

The logistics center will be designed with both ambient and cold storage facilities and will feature various smart logistics systems, including a shuttle-based automated storage and retrieval system (AS/RS), auto-labelers, and a digital picking system for automatic inventory replenishment. These advanced systems will enable more sophisticated operations compared to existing logistics centers. Thanks to the creation of this smart logistics environment through automation, the Busan Logistics Center has received a preliminary first-grade certification as a smart logistics center from the Ministry of Land, Infrastructure, and Transport.

Vice Chairman Hong Jungguk stated, “This topping-out ceremony is not simply about raising a building, but about celebrating the moment when a dream takes shape,” adding, “The Busan Logistics Center, based on its cutting-edge smart logistics system, will contribute to the stabilization of logistics in the Yeongnam region and serve as an export and import base, becoming a key driver of BGF Retail’s future growth.”

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