{"id":242065,"date":"2024-03-27T00:00:00","date_gmt":"2024-03-27T00:00:00","guid":{"rendered":"http:\/\/taiwannewswire.com\/?guid=31d16d60c69f226bbed24526529b3731"},"modified":"2024-03-27T00:00:00","modified_gmt":"2024-03-27T00:00:00","slug":"coupang-to-invest-3-tln-won-in-expanding-its-delivery-service-nationwide","status":"publish","type":"post","link":"https:\/\/taiwannewswire.com\/coupang-to-invest-3-tln-won-in-expanding-its-delivery-service-nationwide\/","title":{"rendered":"Coupang to invest 3 tln won in expanding its delivery service nationwide"},"content":{"rendered":"
\n SEOUL, Coupang Corp., South Korea’s leading e-commerce company, said Wednesday it will invest 3 trillion won (US$2.23 billion) for the next three years to expand its renowned “rocket delivery” nationwide in a bid to solidify its dominance in the competitive market.<\/p>\n
The plan includes the establishment of over eight fulfillment centers across the nation, serving as the logistics hub for its super-fast delivery service.<\/p>\n
Additionally, the company will harness advanced automation technology to enhance efficiency and reliability in its operations, with upgrades to its existing delivery network.<\/p>\n
With this investment, Coupang anticipates extending the coverage of its signature rocket delivery service to 88 percent of the country by 2026 and achieving nationwide coverage by 2027.<\/p>\n
The move comes amid escalating competition from Chinese e-commerce giants, notably Alibaba Group’s Aliexpress, which has been aggressively expanding its presence in the South Korean market.<\/p>\n
Alibaba recently announced a commitment of 1.5
\ntrillion won to the South Korean market over the next three years, underscoring the intensity of competition in the region.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
SEOUL, Coupang Corp., South Korea’s leading e-commerce company, said Wednesday it will invest 3 trillion won (US$2.23 billion) for the next three years to expand its renowned “rocket delivery” nationwide in a bid to solidify its dominance in the comp…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n