Coupang will invest more than 100 billion won in Wanju-gun, Jeollabuk-do to establish a large-scale distribution center. It is expected to create more than 2,000 new jobs.
Coupang announced on the 26th that it has signed a memorandum of understanding (MOU) with Jeollabuk-do and Wanju-gun for the establishment of a new distribution center.
It is the first investment in Korea made just two weeks after Coupang was listed on the New York Stock Exchange. The company explained that it is part of Coupang’s continuous efforts to revitalize the local economy and create new jobs.
At the signing ceremony, major officials, including Jeollabuk-do Governor Song Ha-jin, Park Sung-il, Wanju-gun, National Assemblyman Ahn Ho-young, and Park Dae-jun, CEO of Coupang New Business Division, signed a memorandum of understanding for the establishment of the Coupang Wanju Logistics Center, and gathered forces to vitalize the local economy and create jobs. Promised.
In accordance with the Memorandum of Understanding (MOU) signed with Jeollabuk-do and Wanju-gun, Coupang plans to invest more than 100 billion won to establish a new logistics center in Wanju-gun. Coupang Wanju Logistics Center, which is close to 100,000 square meters, is expected to become the largest distribution center in Jeollabuk-do (excluding port warehouses and bonded warehouses). It is expected to create 2,000 new jobs. In accordance with existing employment practices, Coupang will prioritize hiring local residents and contribute to narrowing the employment gap according to gender and age.
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In general, unlike many domestic logistics companies intensively deploying logistics facilities in the metropolitan area, Coupang has been seeking ways to more evenly establish logistics infrastructure across the country. To date, Coupang has established more than 100 independent logistics centers in 30 cities nationwide, contributing to the growth of the national economy and job creation. As a result of large-scale investments in logistics infrastructure, currently 70% of the population of Korea lives within 10km of the Coupang delivery center.
Dae-Joon Park, CEO of Coupang New Business Division, said, “Through the new distribution center, we are able to provide better rocket delivery services to Coupang’s customers. “We are able to greatly expand our joint growth,” he said.