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# Alibaba Set to Invest $1.1 Billion in South Korea
- URL: https://www.techloy.com/alibaba-set-to-invest-1-1-billion-in-south-korea/
- Published: 2024-03-14T14:16:20.000Z
- Updated: 2024-03-14T14:16:20.000Z
- Description: The company is also looking to invest $100 million to promote locally-made South Korean products globally.
- Author: Henry Chikwem
- Tags: / News, Alibaba, Tech in South Korea

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.