Gimpo became a major last-mile delivery hub with the Gochon Logistics Complex near Seoul. Although new supply was initially limited by a shortage of developable land, the development of the Daepo/Hakun Industrial Complex since 2022 doubled supply, creating a new logistics zone in Yangchon-eup.
Gimpo’s logistics area has two main zones: Zone A (Gochon-eup) and Zone B (Yangchon-eup). Zone A is highly sought after by distribution and e-commerce companies due to its 30-minute access to major urban areas like Seoul and Bucheon, with rental rates between ￦45,000 and ￦57,000 per py. Zone B’s rates (￦35,000-￦42,000 per py) are expected to quickly match Zone A’s rates due to surging demand for cross-border logistics via Incheon Airport and Port connections.
E-commerce logistics companies dominate the area, followed by distribution, 3PL and parcel services. Kurly and Coupang run last-mile delivery hubs, while SSG.COM, E-mart, and GS Networks operate both online and offline distribution bases. 3PL providers like Lotte Global Logistics, ACT, and Yongma Logis, and major carriers like Hapdong & Kyungdong Express and CJ Logistics also maintain facilities.
Coupang’s network comprises Fulfillment Centers (FCs) and Last Mile Centers (LMCs). Most of them are strategically located in the southeastern region (near suppliers) and the western region (near workforce and customers).
Their hubs feature automation, high vehicle traffic, large workforce, and milk-run operations. They are investing in automation facilities to improve efficiency while managing over 10,000 daily vehicles and a substantial workforce. Their supply chain operates on a milk-run method, collecting products through systematic supplier circulation.
These operations require new, large independent buildings with good public transit and highway access. The automation systems demand new facilities with adequate electrical capacity and extensive floor space, while the independent structure ensures smooth vehicle access. Strong public transportation infrastructure supports the large workforce, and having multiple suppliers within 30-minute drive facilitates efficient milk-run inventory collection.
only 4% of metropolitan area logistics centers qualify as core assets—new medium/large facilities with good transport access. These premium properties, optimized for e-commerce distribution, are currently leased and operated by major e-commerce companies and leading fulfillment logistics providers. As the supply of logistics centers is expected to remain limited, the value of these core assets is likely to continue rising.
