DHL Korea set to build new logistics center

DHL Korea Ltd., the South Korean affiliate of the global courier giant DHL, said Tuesday that it plans to establish a new logistics center in the city of Daejeon, about 160 kilometers south of Seoul.

The company said it plans to invest 4 billion won (USD3.92 million) to build the center on a 5,445 square meter site which will act as the company’s main overland transport logistics hub.

DHL Korea is currently in talks with local authorities on its site, it said. The expected date of completion was not immediately known.

The company plans to expand the facility to up to 16,500 square meters later.

DHL Korea is a joint venture between DHL International Ltd., a U.S.-based logistics giant, and South Korea’s Ilyang Group. It currently has 37 offices and six warehouses across the country.