Coupang Invests 193 Billion KRW in Gimhae Andong... Agreement Signed for Smart Logistics Center Development
Gyeongsangnam-do and Gimhae City announced that they have signed an investment agreement with Coupang Logistics Service Co., a subsidiary of Coupang, for the development of a smart logistics center worth 193 billion KRW.
Through this agreement, 1,450 new jobs are expected to be created, and Gimhae is anticipated to take a leap forward as a smart logistics hub city.
This is expected to lead to revitalization of the local economy and increase in jobs.
Gyeongnam Province-Gimhae City-Coupang, Smart Logistics Center Investment Agreement
On the 26th, at the Gyeongnam Provincial Office, a signing ceremony attended by Gyeongnam Governor Park Wan-soo, CEO of Coupang Logistics Service Hong Yong-jun, and Gimhae Mayor Hong Tae-yong took place. They formalized the large-scale logistics investment plan for the Andong area of Gimhae.
Governor Park emphasized that "this agreement is hoped to serve as an opportunity for Gimhae to leap as a logistics industry hub." This agreement is expected to greatly contribute to the economic development of the Gimhae region.
The smart logistics center in Gimhae City, which is leading logistics innovation through the establishment of an advanced logistics system, is garnering attention. This center will be developed on the parcels 163-2 and 4 in Andong, and it is expected to be equipped with a cutting-edge logistics system that enables fast delivery simultaneously with order placement by utilizing AI technology.
In particular, it plans to maximize efficiency by introducing demand forecasting systems to pre-store products with high order volumes and applying a model that integrates the operation of logistics warehouses and delivery bases.
The project name is the Gimhae Logistics Center Construction Project, and the site is located in Andong, Gimhae City, Gyeongsangnam-do. The contractor is Pacific No. 49 Specialized Investment Real Estate Company, and the main contractor is LT Sambo Co., Ltd.
The overview of the project is as follows: The functional purpose is a warehouse facility (logistics center) with a structure of 1 basement and 8 floors above ground, covering a total area of 121,561.18 m². This innovative logistics system is expected to have a positive impact on the local economy.
The smart logistics center is expected to contribute to the activation of the local economy beyond just being a logistics hub. Coupang plans to purchase products produced by small businesses and fisheries in the region and support their entry into the open market, seeking to achieve mutual growth with small businesses. The establishment of this coexisting model will positively influence the local economy.
Gimhae City Accelerates Expansion of Logistics Infrastructure and Attracting Investment
Gimhae City is establishing itself as a logistics hub city with advanced transportation networks, providing excellent access to Gadeokdo New Airport and Busan-Jinhae New Port. To this end, it has set up a one-stop support system for business support and attracting investments and plans to continue strategic investment attraction activities in the future.
In particular, the establishment of Coupang's smart logistics center is expected to greatly contribute to the revitalization of the Gimhae local economy and job creation. With this agreement, Gimhae City intends to pursue continuous investment attraction and strengthen policies to create a business-friendly environment. These efforts are expected to positively impact the growth and development of Gimhae City.
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