Export-Import Integrated Logistics Center to Be Established at Phase 2 Site of Aam Logistics Complex 2 in Incheon Port

Contract Signed with Baekma General Logistics

Construction to Begin in the Second Half of the Year

An export-import integrated logistics center will be established on the Phase 2 site of Aam Logistics Complex 2 in Zone 9 of Songdo International City, Incheon.

On June 11, Incheon Port Authority (IPA) announced that it has signed a contract with Baekma General Logistics, a comprehensive logistics company, to promote the project for occupying Zone Ga-3 (23,725 square meters) within the Phase 2 site of Aam Logistics Complex 2.

After being selected as the preferred negotiation partner, the two parties held two rounds of negotiations and reached agreements on capital procurement and cargo attraction plans. Baekma General Logistics plans to begin construction of the logistics center in the second half of this year after obtaining building permits and signing a lease agreement. The facility will have a total floor area of 12,836 square meters and is scheduled for completion in August next year.

The center will provide sea-air combined transportation, international cargo transshipment, frozen and refrigerated seafood exports, and LCL (Less than Container Load, which refers to cargo from multiple shippers consolidated in a single container) imports.

Location map of Aam Logistics Complex 2. Provided by Incheon Port Authority

IPA forecasted that once the logistics center begins full-scale operations, the annual cargo throughput will increase by 7,571 TEU (with 1 TEU equivalent to one 20-foot container) on average.

IPA also announced plans to re-tender the remaining six plots of the Phase 2 site, which were left unassigned in the public offering held in February, by the end of this month after reviewing demand from potential tenant companies and the market situation. In the previous public offering, applications were sought for all seven plots, but all except for Zone Ga-3 remained unassigned.

An IPA official stated, "We will devise various measures to attract excellent logistics and manufacturing companies to the Phase 2 site of Aam Logistics Complex 2 and actively support tenant companies."

This content was produced with the assistance of AI translation services.