South Korea Special Report - The Evolution of the South Korea Logistics Market September 2014
The South Korean logistics sector has recorded steady growth in recent years but industry standards still lag well behind other developed markets. To remedy this, the government has in recent years introduced a number of policies designed to support the more rapid development of the sector.
At the same time, the expansion of the South Korean e-commerce sector and growth in parcel delivery numbers is expected to gather pace in the coming years. Combined with the supportive government measures, this will lead to steady growth in the number of 3PL firms and necessitate the construction of a significant volume of logistics facility developments.
This report will provide an overview of the South Korean logistics property market; assess the impact of new government policies on the logistics property sector; and provide an outlook for the occupier and investment markets.