Coupang to invest $2.23b to expand ‘rocket delivery’ in South Korea

It will set up more than eight fulfilment centres to serve as logistical hubs for swift delivery.

E-commerce company Coupang Corp. announced an investment of $2.23b over the next three years to expand its "rocket delivery" service across South Korea.

The plan involves setting up more than eight fulfilment centres to serve as logistical hubs for swift delivery, Yonhap News Agency reported.

Coupang aims to boost efficiency and reliability in its operations by leveraging advanced automation.

ALSO READ: Alibaba Group to invest $1.1b in South Korea for business expansion

Moreover, the company aims to cover 88% of the nation with its rocket delivery service by 2026 and achieve nationwide coverage by 2027.

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