BGF Retail opens Korea's largest convenience-store logistics hub
BGF Retail has opened what it calls Korea’s largest logistics center for the convenience-store industry, placing a 260 billion won ($187 million) investment at the center of its effort to remake regional distribution and support overseas expansion. The company held a completion ceremony Wednesday at its new facility in Gurang-dong, Gangseo District, Busan, with BGF Group Chairman Hong Seok-jo,…
BGF Retail has unveiled its largest convenience-store logistics hub in South Korea, marking a significant investment of 260 billion won ($187 million) to revolutionize regional distribution and aid its global expansion plans. The company celebrated the completion of the new facility in Gurang-dong, Gangseo District, Busan, with key figures including BGF Group Chairman Hong Seok-jo, BGF Retail Vice Chairman Hong Jung-kook, and Busan Mayor Jeon Jae-soo in attendance.
Spanning 128,072.65 square meters on a 47,186.8-square-meter site, this center stands as BGF Retail's most substantial logistics investment to date. The company's decision to develop this hub came after a 2021 investment pact with Busan, and construction commenced in 2024, culminating on July 14 after approximately two years of construction.
Designed to streamline deliveries across Busan and the Yeongnam region, the hub will also act as a crucial distribution center for CU stores. Furthermore, its proximity to the Busan New Port will enable BGF Retail to manage import and export logistics as it broadens its operations both locally and internationally.
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- BGF Retail opens Korea's largest convenience-store logistics hub koreatimes.co.kr
