Newsnomics AJAY ANGELINA reporter | South Korean e-commerce giant Coupang begin the operation of Asia’s biggest fulfillment center in Daegu, full of hopes of creating about 10,000 new jobs in the city and surrounding areas to promote logistics nationwide.
On Wednesday, the company invited U.S. Ambassador to Korea Philip Goldberg, Daegu Metropolitan City Deputy Mayor Hong Ui-rak and officials from the Ministry of Science and ICT to its new fulfilment center in Daegu, where it gave a briefing on its contributions to the local community.
The focus of Coupang’s invitational program is win-win model that supports the sustainable growth of customers, workers and small business owners under the theme of "Creating WOW: Coupang's Innovation and Investment Journey in 2022."
Coupang, last year attracted nearly half of the $2.47 billion in U.S. foreign direct investments through the establishment of its independent "end-to-end" fulfillment system, Rocket Delivery network, providing quality customer services, delivery speed, product price and selection.
Us Philip Goldberg declared, "the Korea-U.S. alliance has rapidly established itself as a global technology and economic partnership, and Coupang is representative evidence of this evolution. Coupang's direct investment resulted in job creation and continuous innovation ― making the daily lives of Koreans more convenient,"
“The gains we’ve created for customers, Coupang’s workers, SMEs, and the environment have gone hand-in-
hand. That’s innovation at its core, that’s the role the private sector can and should play in bettering our world, and that’s the role in which Coupang is determined to continue our leadership.” he said.
Coupang’s representative director of business management kang said, “We will continue working to create value for customers, workers, and local communities alike, as well as to create jobs, develop the local economy, and serve as a foundation for small businesses to grow,”
Through the opening of the Daegu facility, Coupang has opened a new sales channel for small- and medium-sized business owners in the city ― giving new vitality to local commercial districts. The company expects to
create jobs for 2,500 workers directly and result in an extra 10,000 jobs indirectly.
Coupang, Daegu fulfillment center was opened on March 2022 with investment about 320 billion won($242.2 million), is equipped with latest technologies including artificial intelligence and logistics robots, on a site that spans across 330,000 square meters, equivalent to some 46 soccer fields that represents Coupang's strong will to contribute to the development of logistics in South Korea.
