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BGF Retail Busan Logistics Center Completed, Marking the Successful Outcome of KRW 260 Billion Investment Attraction

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Busan Metropolitan City, led by Mayor Chun Jae-soo, announced that the completion ceremony for the BGF Retail Busan Logistics Center will be held today, September 16, at 1:30 p.m. at the center’s construction site at 1280-5 Gurang-dong, Gangseo-gu.

BGF Retail operates the CU convenience store chain, with approximately 18,000 franchise locations. The company recorded consolidated revenue of KRW 9.0612 trillion in 2025 and has recently been expanding its overseas presence into markets including Hawaii, Mongolia, and Kazakhstan.

Approximately 100 people will attend the completion ceremony, including Mayor Chun Jae-soo; Hong Seok-jo, Chairman of BGF Group; Hong Jung-kook, Vice Chairman of BGF Group; Park Sang-jun, Mayor of Gangseo-gu; and Park Sung-ho, Commissioner of the Busan-Jinhae Free Economic Zone Authority.

The ceremony will proceed with an opening declaration, progress report, presentation of plaques of appreciation, commemorative and congratulatory remarks, a ribbon-cutting ceremony, the unveiling of the completion monument, and a commemorative photo session.

Development of the Busan Logistics Center began after Busan Metropolitan City successfully attracted BGF Retail’s investment to Busan in 2021. Construction commenced in 2024, and the center was completed after approximately two years of work.

A total of KRW 260 billion was invested in the Busan Logistics Center, making it BGF Retail’s largest-ever investment in logistics infrastructure as well as the largest such investment in Korea’s convenience store industry.

The center was built on a site of approximately 47,000 square meters (about 14,000 pyeong), with a total floor area of approximately 127,000 square meters (about 38,000 pyeong). It consists of one basement level and four above-ground floors.

The Busan Logistics Center will become a key logistics hub for BGF Retail, integrating the functions of a second central logistics center supplying products nationwide, a regional logistics hub, and an import-export base linked to Busan New Port.

Automated systems have been introduced at the logistics center to reduce physically demanding work and enhance worker safety. The facility is also equipped with environmentally friendly infrastructure, including rooftop solar power generation systems, enabling low-carbon logistics operations.

In particular, the center is expected to serve as a strategic base supporting the expansion of BGF Retail’s global business. The company recently became the first in Korea’s convenience store industry to enter Hawaii and has surpassed 800 stores worldwide.

Busan Metropolitan City expects that the completion of the Busan Logistics Center, resulting from the large-scale BGF Retail investment it attracted in 2021, will help revitalize the local economy and create jobs while also strengthening the competitiveness of Busan’s logistics industry.

Mayor Chun Jae-soo said, “We expect the Busan Logistics Center, a key import-export hub for BGF Retail, to become a driving force in enhancing the competitiveness of Busan’s maritime industries as a whole, including shipping, ports, and logistics, and to accelerate the city’s development as a global maritime capital. We sincerely thank BGF Retail for believing in Busan’s potential and making this major investment of KRW 260 billion. Busan Metropolitan City will continue to do its utmost to serve as a steadfast partner for BGF Retail and all other companies that have invested in Busan.”