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Coupang held its first public event in Taiwan for the launch of its second AI-powered fulfillment center

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EST 501

Coupang, one of largest retailers in Asia, held its first public event in Taiwan on Nov 2nd to celebrate the launch of its second AI-powered fulfillment center.

Sandra Oudkirk, Director of the American Institute in Taiwan (AIT), Mei-hua Wang, Minister of Economic Affairs (MOEA), Huai-Jen Lee, Deputy Minister the Ministry of Digital Affairs (MODA), San-Cheng Chang, Mayor of Taoyuan City and other distinguished guests attended the FC ribbon-cutting ceremony, affirming Coupang's investment in Taiwan.

Bom Kim, Founder and CEO of Coupang said, “Taiwan is an extraordinary place for business and investment. It has one of the best educated workforces in the world. Second only to the United States, it has the highest per capita wealth of any economy with more than 20 million people. It has a cabinet-level ministry—one of the first in the world,—dedicated to fostering Taiwan’s digital future. And, most importantly, Taiwan has a people eager to embrace new technologies and explore innovative ways of improving their lives. That is why we are investing hundreds of millions of U.S. dollars this year in our early-stage initiatives, of which Taiwan is a key priority—making Coupang a leading source of U.S. investment in Taiwan.”

The company also announced that it expects to open its third fulfillment center in the first half of 2024. At full capacity, each of Coupang’s fulfillment centers can employ up to 1,800 new workers, driving the creation of thousands of new local employment opportunities over the next few years, making Coupang a top U.S. job creator in Taiwan.

Sandra Oudkirk, Director of AIT said, “Coupang’s announcement today is evidence of the strength and the bright future of the U.S.-Taiwan economic relationship, and the landmark investment is a tangible example of and testament to U.S.-Taiwan technology cooperation. "

Minister Wang Mei-hua emphasized that Coupang's expanded investment strengthens local supply chains, enhances the ecosystem, and fosters new business opportunities, contributing to Taiwan-US commercial and trade relations.

Deputy Minister Lee Huai-jen highlighted Coupang's active participation in Taiwan's cross-border e-commerce development.

Mayor Chang expressed full support for Coupang as a leading US-listed company investing in Taiwan, aligning with Taoyuan City's core strategy to prioritize the introduction of the international logistics industry.