Gyeongnam Province Signs Investment Agreement with Three Smart Logistics Companies

Completion of Phase 1 Project in Ungdong 2 District, New Port Hinterland

Governor Kim Kyung-soo, Mayor Heo Seong-mu of Changwon, Ha Seung-cheol, Director of Busanjinhae Free Economic Zone Authority, Choi Geum-bae, CEO of Dongwon Loax Refrigeration II, Kim In-ho, CEO of DWL Global, and Hong Seong-jung, Director of Access World, are taking a commemorative photo for the investment agreement of the hinterland site of the 2nd New Port. (Photo by Gyeongnam Province)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Gyeongsangnam-do announced on the 1st that it signed an investment agreement worth 85 billion KRW and for the creation of 344 new jobs with three smart logistics companies at the Dongwon Rox Logistics Center in the Shinhang Ungdong Backland.

The signing ceremony was attended by Governor Kim Kyung-soo, Changwon Mayor Heo Seong-mu, Busanjinhae Free Economic Zone Authority Chief Ha Seung-chul, as well as CEO Choi Geun-bae of Dongwon Rox Cold Storage II, CEO Kim In-ho of DWL Global, and Director Hong Seong-jung of Access World.

This investment agreement signing ceremony was an occasion where the three companies expressed their intention to establish next-generation smart logistics centers in the second Shinhang backland, one of Gyeongnam's economic innovation infrastructures, and promised to employ 344 local talents. It is expected to bring a fresh breeze to the Gyeongnam economy, which has been frozen due to the prolonged COVID-19 pandemic.

The investment area, Shinhang Ungdong Backland, is located in Jinhae-gu, Changwon City, and is designated as a Special Industrial Crisis Response Area.

With the final settlement of the three companies signing this investment agreement, the first phase of the Busanjinhae Free Economic Zone Shinhang Backland Ungdong 2 District project, which had been underway, has been completed.

Including the three companies that signed the agreement today, when a total of 40 logistics companies complete their settlement in the future, this area is expected to serve as a global logistics hub.

Dongwon Rox Cold Storage plans to invest 50 billion KRW to newly build a logistics center and hire 100 new employees. Daewoo Logistics, a consortium jointly established by Korea, Russia, and Japan, plans to invest about 20 billion KRW and hire 160 new employees to build a logistics hub for strategic access to the New Northern and New Southern markets. Access World will invest about 15 billion KRW in Korea and hire 84 new employees to establish a logistics center, further strengthening logistics competitiveness.