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Korea’s Logistics Industry
Trends and Outlook
Logistics Companies Continue Growing Backed by the Recovery of Busan and Incheon’’s Port Traffic
Logistics Centers Developingin Two Directions
With the increase of transportation volume and the introduction of low-volume and multi-product processing facilities, shippers are becoming larger, more advanced, and concentrated through M&A.
Incheon Airport and
Busan Port Serve as Mega Hubs
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Steady Growth in Logistics
InfrastructureThe rapid spread of cloud services in Korea was triggered by the saturation of wired and wireless network service penetration, the universalization of 5G services and the introduction of e-um 5G services, and the expansion of telecommuting and OTT services that have triggered data demand
Namhoon Ghang
Service Industry Promotion Team
+82-2-3460-3285
damon_ghang@kotra.or.kr
Investment Success Stories
Coupang / US
Since its establishment in Korea in 2010, Coupang has invested KRW 6.2 trillion to build more than 30 logistics hubs nationwide in the past 12 years and emerged as a major investor greatly contributing to the national economy. Taking advantage of the explosive growth of the e-commerce market in Korea, Coupang has made aggressive investments and established itself as an industry leader. Over the past few years, Coupang directly employed more than 60,000 people in the domestic market, contributing to the revitalization of local commercial districts by creating large-scale employment. It is also leading the advancement of the logistics industry by introducing AI algorithms and robot automation in its state-of-the-art large-scale logistics centers (e.g. Daegu FC).
EMP Belstar / US
EMP Belstar is a global investor that has established cold chain clusters in major logistics hubs across Korea, including Busan, Incheon, and Pyeongtaek Ports. As its first project in Korea, EMP Bestar has built an ultra-low temperature logistics complex facility in Oseong Industrial Complex in Pyeongtaek, completed and launched in January 2019. It is also building ultra-low temperature facilities in Busan and Incheon, with a vision to establish its Asian cold chain hub in Korea. The total amount of executed and planned investment in Korea reached USD 2-3 billion, and EMP Belstar aimed to increase its market share to 25% by building five to six cold storage facilities nationwide, starting from investing in major logistics clusters.
Recommendation on Locations
Industrial Complex Information
Busan New Port Backward International Industrial Logistic City (Stage 1) General Industrial Complex (Busan Jinhae Free Economic Zone)
| Initial designation date | 2010.03.03 |
|---|---|
| Designated area(m2) | 5,707,591 |
| Management | Busan-Jinhae Free Economic Zone Authority |
| Nearby Railway | Busan Station |
| Distance from station(km) | 26 |
| Nearby Airport | Gimhae International Airport |
| Distance from airport(km) | 19 |
| Industrial waterSupply capacity(ton/day) | 20479(㎥/day) |
| Affiliation local government | Busan Metropolitan City Gangseo-gu |
| Population | 3,401,078 |
Industrial Complex Information
Korea Export (Bupyeong District)
| Initial designation date | 1965.06.16 |
|---|---|
| Designated area(m2) | 609,361 |
| Management | Korea Industrial Complex Corporation |
| Nearby Railway | Bupyeong Station |
| Distance from station(km) | 5 |
| Nearby Airport | Gimpo International Airport |
| Distance from airport(km) | 14 |
| Industrial water Supply capacity(ton/day) | 384000(㎥/day) |
| Affiliation local government | Incheon Metropolitan City Bupyeong-gu |
| Population | 2,943,491 |
Industrial Complex Information
Korea Export(Juan District)
| Initial designation date | 1969.08.05 |
|---|---|
| Designated area(m2) | 1,176,829 |
| Management | Korea Industrial Complex Corporation |
| Nearby Railway | Bupyeong Station |
| Distance from station(km) | 7 |
| Nearby Airport | Gimpo International Airport |
| Distance from airport(km) | 25 |
| Industrial water Supply capacity(ton/day) | 250000(㎥/day) |
| Affiliation local government | Incheon Metropolitan City Seo-gu, Nam-gu, Bupyeong-gu |
| Population | 2,943,491 |
Industrial Complex Information
Oseon Industrial Complex
| Initial designation date | 2014.04.11 |
|---|---|
| Designated area(m2) | 459,481 |
| Management | Chungcheongbuk-do Eumseong County |
| Nearby Railway | Eumseong Station |
| Distance from station(km) | 19 |
| Nearby Airport | Cheongju International Airport |
| Distance from airport(km) | 43 |
| Industrial water Supply capacity(ton/day) | 871(㎥/day) |
| Affiliation local government | Chungcheongbuk-do Eumseong County |
| Population | 94,179 |
Industrial Complex Information
Uiwang Techno Park
| Initial designation date | 2016.12.28 |
|---|---|
| Designated area(m2) | 158,708 |
| Management | Gyeonggi-do Uiwang City |
| Nearby Railway | Suwon Station |
| Distance from station(km) | 10 |
| Nearby Airport | Gimpo International Airport |
| Distance from airport(km) | 39 |
| Industrial water Supply capacity(ton/day) | 754(㎥/day) |
| Affiliation local government | Gyeonggi-do Uiwang City |
| Population | 162,751 |
Industrial Complex Information
Bukpyeong 2nd General Industrial Complex
| Initial designation date | 2013.10.14 |
|---|---|
| Designated area(m2) | 598,964 |
| Management | Gangwon-do Donghae City |
| Nearby Railway | Chuam Station |
| Distance from station(km) | 1 |
| Nearby Airport | Yangyang International Airport |
| Distance from airport(km) | 93 |
| Industrial water Supply capacity(ton/day) | 2,153(㎥/day) |
| Affiliation local government | 2,153 |
| Population | 90,548 |