South Korean 3PL LX Pantos said yesterday it had paid $156m to acquire the 11-storey MegaWise Cheongna Fulfilment Centre, near Incheon’s airport and port – the gateways to the Seoul metropolitan area.
LX Pantos, which recently opened a facility at the airport, cited growing South Korean exports from e-commerce sales, saying the acquisition would “boost its cross-border e-commerce capabilities and support its expanding network”.
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