Alibaba Set to Invest $1.1 Billion in South Korea

Henry Chikwem -

Popular e-commerce giant Alibaba has recently set up plans to invest over $1 billion in South Korea in the next three years. It also plans to build an enormous distribution centre within a year worth about $200 million.

Once complete, the facility would become the biggest distribution centre in South Korea setting a new precedence for the country. The company is also looking to invest $100 million to promote locally-made South Korean products globally.

Other plans as announced by the company valued at $193.68 billion include the development of customer services and the provision of shorter delivery times to South Korean customers.