Coupang Invests 77.7 Billion KRW to Lease Seongnam Logistics Center

Coupang is set to lease a logistics center in Seongnam, Gyeonggi Province.

Coupang achieved an operating profit of over 600 billion won last year, marking its first annual profit in 14 years since its founding in 2010. The photo shows Coupang headquarters in Songpa-gu, Seoul, on the 28th. Photo by Jinhyung Kang aymsdream@

On the 29th, Coupang announced that it will invest 77.7 billion KRW to participate in a paid-in capital increase of its real estate investment affiliate (Aegis Real Estate Private Equity Fund No. 543) starting next month on the 1st.

According to industry sources, this investment is confirmed to be for leasing the logistics center in Seongnam recently acquired by Aegis Asset Management. Seongnam is a densely populated area in Gyeonggi Province, and Coupang is expected to secure the logistics center to strengthen services such as Rocket Delivery.