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Companies

Lotte readies South Korea's largest logistics hub in e-commerce push

Conglomerate invests in online market as bricks-and-mortar sales shrink

Lotte's new logistics hub, slated to open in January, will be the largest of its kind in South Korea. (Photo courtesy of Lotte)

SEOUL -- South Korean conglomerate Lotte Group will bring the country's largest distribution center online by the end of January, cutting shipping times to cope with an increasingly competitive e-commerce market.

The company built a 50-meter-tall facility on 140,000 sq. meters in Jincheon, roughly at the center of South Korea, to sort shipments from manufacturers and forward them to distribution centers nationwide.

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