, South Korea
204 views
Photo via Coupang's website

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. 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

L’Oreal takes minority stake in Chinese skincare brand Lan
The investment follows the group’s purchase of a 6.67% stake in Chando for $62m.
Fashion
Watsons opens new beauty and wellness store at Bugis Junction
The 3,700-square-foot store targets the youth by featuring immersive zones.
APAC leads global retail growth with 5% real spending rise
APAC is the most balanced omnichannel region globally, with store-based retail sales projected to grow 20.4%.
Tourism growth lifts Singapore retail rents in Q3
17 to 18.5 million international visitor arrivals are projected for the full-year 2025.