Korean ministry, Incheon airport to develop distribution center for SMEs

The Korea SMEs and Startup Agency (KOSME) and Incheon International Airport Corp. (IIAC) on Wednesday announced their signing of a contract to build a joint distribution center at  the airport's second logistics complex.

Their agreement seeks smooth implementation of the government's national task of setting up a logistics center exclusively for small and medium enterprises (SMEs).

Under their accord, both sides will develop an SME-only logistics center slated to launch in late 2024. To cover an area of 19,800 square meters at the airport's second logistics complex, the facility will support SMEs, startups and e-commerce companies with high growth potential.

For the setup of a "one-click and one-stop" logistics platform, IIAC will handle site development and construction of the center, while the agency will supervise investment in high-tech facilities, searches for promising companies and center operations.

Write to Byung-Keun Kim at bk11@hankyung.com