Silicon2 Acquires Yongin Logistics Center for 51 Billion Won to Strengthen K-beauty Logistics Competitiveness

Total Floor Area of About 13,300 Pyeong
Acquired Through Contract Worth 51 Billion Won
Strengthening its Role as a Global Logistics Hub

Silicon2, a global K-beauty distribution platform company, has secured a large logistics center in Yongin, Gyeonggi Province to respond to surging global demand for K-beauty.

On September 9, Silicon2 announced that it had signed a contract to acquire a logistics center located in the Yongin Technovalley General Industrial Complex, Deokseong-ri, Idong-eup, Cheoin-gu, Yongin-si, Gyeonggi Province. The acquisition price, based on the supply amount, is approximately 51 billion won. The logistics center has a total floor area of 43,971.6 square meters (about 13,300 pyeong) and will serve as a new logistics hub to manage the expected increase in global K-beauty cargo volume.

Exterior view of the logistics center within Yongin Technovalley General Industrial Complex. Provided by Silicon2.

This investment is a response to the rapidly increasing sales and the expanding number of SKUs, which have substantially raised the workload at the existing Opo logistics center. The handling volume at the Opo logistics center has grown approximately 2.05 times over the past two years. By securing additional logistics centers, Silicon2 aims to enhance its capability to manage peak season cargo and also to improve the efficiency of inventory operations.

The new logistics center boasts excellent accessibility to key consumer regions in the greater Seoul area and offers easy connections to major logistics infrastructure such as Pyeongtaek Port, Incheon Port, and Incheon International Airport. As a result, the company expects its utilization as a domestic logistics base to be high.

During the operation of the logistics center, Silicon2 will expand the application of automation equipment such as AGVs (Automated Guided Vehicles) and WMS (Warehouse Management Systems). The company plans to strengthen its domestic logistics processing capacity by boosting logistics efficiency and systematizing inventory management. Building on this foundation, Silicon2 will also proactively support the entry of new K-beauty brands and global distribution expansion.

A Silicon2 representative stated, "The acquisition of the Yongin logistics center is a strategic investment to respond stably to the rapidly increasing volume of global K-beauty cargo. We will continue to strengthen our competitiveness in global distribution by advancing logistics automation and optimizing inventory operations."

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