Coupang will build distribution center in Gwangju

Industry

Published: 04 Sep. 2020, 18:18

Coupang will build distribution center in Gwangju

Gwangju Mayor Lee Yong-sup, left, and Park Dae-jun, representative director of the new business division at Coupang, are shown Friday signing an agreement to build a distribution center in Gwangju. [COUPANG]

Coupang announced it will build a distribution center in Gwangju to offer one-day deliveries to more parts of the country.

The company announced Friday it will build a distribution center in Gwangju where both frozen and refrigerated products can be stored.

Coupang said a total of 224 billion won ($188.3 million) will be spent, and it expects to generate more than 2,000 jobs.

Gwangju Mayor Lee Yong-sup and Park Dae-jun, representative director of the new business division at Coupang, signed an agreement Friday on the 48,000 pyeong (1.71 million square foot) distribution center.

Construction is scheduled to begin early next year and be completed in the first half of 2023.

“Software we developed on our own and artificial intelligence [AI] technologies will be used at the Gwangju distribution center to optimize the management system,” said Coupang in a statement.

BY JIN MIN-JI [jin.minji@joongang.co.kr]