CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1} Share on Naver

Logistics Tenant Profile #3 – Yongin: Still the Capital’s Cold Chain Leader?

Carter Kim • 28/02/2023

Yongin has long been recognized as a key cold chain logistics hub in the SMA. While Suji and Giheung districts host many aging refrigerated and frozen logistics centers, new town developments have limited opportunities for redevelopment in these areas. As a result, the new logistics supply has shifted toward Cheoin District, which now accounts for approximately 87% of Yongin’s total logistics development area.

By 2025, Yongin is expected to see continued growth, with major projects such as the Tongsam District Logistics Complex (2024) and the Pogok Smart Logistics Complex (2025), contributing to a total of 621,000 py of new supply.

An analysis of logistics centers over 5,000 py shows that 3PL operators account for 42% of tenant share, with CJ Logistics occupying around 38% of that. E-commerce represents 20%, led by Coupang, while F&B tenants include Jinseong BF, Hermes Logistics, and Hyundai Green Food.

As cold chain logistics supply increases, concerns over vacancy risk are growing. To mitigate this, it is essential to understand the characteristics of different cold storage types: traditional storage centers, distribution-focused centers driven by food e-commerce growth, and automated facilities—each with distinct operational features and tenant requirements.

Insights

hotel lobby
Research

2026 Seoul Hospitality Market Report

This report provides a comprehensive analysis of Seoul's hotel market, encompassing tourism demand trends, key operating performance metrics, supply pipeline, and investment activity.
Suki Kim • 07/07/2026
thumbnail_Logistics Tenant Profile_Wide Busan.jpg
Insights • Supply Chain

Logistics Tenant Profile – Wide Busan

The Busan-Ulsan-Gyeongnam region accounts for approximately 12.3% of Korea's total logistics center supply, making it the second-largest logistics hub after the Seoul Metropolitan Area. 
Carter Kim • 10/06/2026
2026 Korea Logistics Market Report thumbnail
Research • Supply Chain

Korea Logistics Market Report

The 2026 Korea Logistics Market Report examines the turn in the supply cycle, the structural shift in demand toward larger, higher-spec assets across wider geographies, and the concentration of investment activity in core assets, with in-depth analysis by submarket.
Suki Kim • 05/06/2026
retail-korea-card.jpg
Insights

Our Neighborhoods Entering a New Era: Seongsu Edition

Seongsu is often described with a range of defining keywords: the No.1 district in foreign visitor growth and one of the strongest sales growth markets for top global brands.
Lina Lee • 29/05/2026
web card gdcmc 2026
Research

Global Data Center Market Comparison

Analyzes 107 markets using 24 weighted variables to reveal where data center development can scale amid power constraints, regulation, and rising AI demand.
John McWilliams • 22/05/2026
Our Neighborhoods Hero Image
Insights

Our Neighborhoods Entering a New Era Season 4

In this issue, we focus on Gangnam, which consistently ranks No.1 in terms of mentions, and Myeongdong, where foreign consumer activity remains strong.
Lina Lee • 02/04/2026
what occupiers want 2025-hero mobile.jpg
Research

What Occupiers Want: Global Survey Results 2025

In partnership with CoreNet Global, Cushman & Wakefield presents the 2025 edition of What Occupiers Want—our biennial global survey that captures key priorities and perspectives into the shifting dynamics of decision-making, investment, workplace trends and portfolio strategies of occupiers worldwide.
Despina Katsikakis • 25/07/2025

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS