Latest news with #EomTae-young
Korea Herald
19-03-2025
- Business
- Korea Herald
Coupang breaks ground on AI-powered logistics center in Jecheon
Korean e-commerce giant Coupang is to build an AI-powered logistics center in Jecheon, North Chungcheong Province, the firm said Wednesday. The groundbreaking ceremony was held at Jecheon's third industrial complex, with attendees including Coupang CEO Park Dae-jun, North Chungcheong Gov. Eom Tae-young and other officials, along with over 200 guests. Coupang will establish a 52,800 square meter logistics base for a total of more than 100 billion won ($69 million). The facility, equipped with AI-based logistics technology, is scheduled for completion in June 2026 with operations set to begin in 2027. Serving as a key logistics hub for Coupang's Rocket Delivery service, the center will enhance same-day and next-day delivery for customers in the Chungcheong and Gangwon provinces. The facility is also expected to create 500 jobs, including employment of young professionals, increasing Jecheon's population inflow and helping to revitalize the local economy. Local officials, including Jecheon Mayor Kim Chang-gyu and North Chungcheong Vice Administration Gov. Lee Dong-ok, welcomed the new hub, citing its potential to boost jobs and the economy. 'The Jecheon logistics center will enhance Rocket Delivery services in the region,' said CEO Park Dae-jun. 'By leveraging AI-driven logistics systems, Coupang remains committed to job creation and supporting small businesses in local communities.' The center is part of Coupang's nationwide logistics expansion plan. Following the opening and new constructions of six hubs in 2024 and the Ulsan hub set for completion this year, Coupang plans to invest 3 trillion won to establish nine additional logistics hubs across South Korea by 2026, further strengthening Rocket Delivery coverage.
Korea Herald
24-02-2025
- Business
- Korea Herald
Support for SMEs, semiconductors
Proposed Bill: Partial Amendment to the Act on Sale of Building Units Proposed by Rep. Eom Tae-young (People Power Party) ● This amendment alleviates the consent rate required to change the use of partially constructed hotels and accommodation facilities from the current 100 percent to 80 percent. It also grants unit purchasers who do not agree to the change of use the right to request contract termination. Proposed by Rep. Kim Woni (Democratic Party of Korea) ● This bill grants small and medium-sized enterprise cooperatives the right to request consultations on trade conditions when entering into transaction contracts with non-SME business operators, aiming to prevent unfair trade practices by large companies against SMEs. Pending Bill: Special Act on Strengthening Competitiveness and Promoting Innovative Growth in the Semiconductor Industry Proposed by Rep. Lee Chul-gyu (People Power Party) ● This bill enhances semiconductor industry competitiveness by enabling swift infrastructure support and exempting research and development workers in the semiconductor industry from the 52-hour weekly work limit with mutual agreement. Promulgated Bill: Act on the Allocation and Trading of Greenhouse-gas Emission Permits Competent Authority: Ministry of Environment ● This bill expands the range of emission permit traders, currently limited to business entities eligible for allocation, market makers, and emission trading brokers, to include banks, insurance companies, investment traders, and collective investment entities. Competent Authority: Ministry of Land, Infrastructure and Transport ● This amendment allows the disclosure of construction company names where fatal accidents have occurred at their construction sites, aiming to enhance construction companies' responsibility for safety management. — The Korea Herald republishes a weekly legislative report by local law firm DR & AJU LLC to provide the latest information on bills approved, proposed, pending and set to be promulgated. -- Ed.
