South Korea Mergers and Acquisition in Logistics Industry South Korea Logistics Market | Page 3

Warehousing Market
The warehousing sector in South Korea has increased at a CAGR of ~% during the period
2011-2016. Industrial/retail has been the leading segment in the warehousing industry
accounting for ~% of the warehousing market revenues during 2016. Small size warehouses
(2,000-5,000sqm) have dominated the market accounting for ~% of the total number of
warehouses followed by large size (10,000+ sqm) warehouses and medium size warehouses.
Companies prefer to construct small size warehouses in multiple locations to avoid high
transportation and logistics cost and provide express delivery. By geography, Seoul
Metropolitan Area, that incorporates Seoul, Incheon and Gyeonggido; accounted for ~% of
the total number of warehouses, during 2016. Seoul is centrally located and well co nnected
to other cities of the country. Major companies in South Korea warehousing market are
G&B LOGISTICS CO.,LTD., Daesin International Transport Co Limited, Chun jee Shipping
CO.,LTD,