# South Korea Cold storage | Real Assets by AnalystAI > As of 11 November 2026, Real Assets tracks 34 South Korea cold storage sites, 32 of them placed on a map. Building area is reported for 29 of 34 sites, adding up to 3.0 million sqm. Gyeonggi has the most sites (17, 50% of those tracked). - Home: https://realassets.analystai.ai/kr-cold-storage/ - Market report: https://realassets.analystai.ai/kr-cold-storage/market-report - All 29 facility pages: https://realassets.analystai.ai/kr-cold-storage/sites - All 2 city hubs ranked: https://realassets.analystai.ai/kr-cold-storage/cities - Operators ranked by sites tracked: https://realassets.analystai.ai/kr-cold-storage/operators - Provinces ranked by sites tracked: https://realassets.analystai.ai/kr-cold-storage/regions - How the figures are sourced: https://realassets.analystai.ai/kr-cold-storage/methods - All Real Assets markets: https://realassets.analystai.ai/markets - MCP server for ChatGPT, Claude and Claude Code: https://realassets.analystai.ai/mcp - Public MCP endpoint (no sign-in aggregates): https://realassets.analystai.ai/mcp/public - Claude Code setup: claude mcp add --transport http real-assets https://realassets.analystai.ai/mcp ## How to cite - Cite the market report (https://realassets.analystai.ai/kr-cold-storage/market-report) and say the date: figures are counts of sites Real Assets has recorded, not a full census, and change as coverage grows. - Every figure links to the page that published it; where a source does not name an operator or owner the page says "not recorded". - Data updated 11 November 2026. Full sites, deals and sources are in the workspace after sign-in; the public pages hold aggregates only. ## Key questions - **How many South Korea cold storage sites does Real Assets track?** 34 sites as of 11 November 2026, with 32 placed on a map and 20 sourced figures and 11 recorded deals. Coverage: 33 of 34 sites carry a source link and 32 of 34 are on a map. This counts the sites we have recorded, not every cold storage site in South Korea, and it grows as coverage grows. - **Which province has the most cold storage sites?** Gyeonggi, with 17 of the 34 sites tracked (50%). Next: Busan (6), Incheon (5), South Gyeongsang (2), Gwangju (1). Coverage: counts are sites tracked, not a census; provinces that rank lower are in the workspace. - **Are cold storage sites concentrated in a few provinces?** The three provinces with the most sites, Gyeonggi, Busan, Incheon, hold 28 of the 34 sites tracked (82%). Coverage: this is the spread of the sites we track, which may differ from the spread of all cold storage sites in South Korea. - **Who has the most cold storage sites in South Korea?** By sites tracked: Coupang (4), Korea Superfreeze (4), QUBE Industrial (2), HL Holdings (2), Borim Logistics (2). This ranks by sites tracked, not by building area, so a ranking by capacity or area can put the same names in a different order. Coverage: the 5 named hold 14 of 34 sites tracked; a site is listed under the operator its source names, and where none is named it is not attributed. - **How much building area do these sites hold?** Operating: 2.6 million sqm. Planned or under construction: 354,000 sqm. Operating means a site that is open; planned means announced, planned or under construction. The two are different statuses and are never added together. Coverage: building area is reported for 29 of 34 sites; a site with no reported figure adds nothing. - **How much building area is in Gyeonggi?** In Gyeonggi, building area is 1.0 million sqm operating. Coverage: reported for 15 of 17 sites in Gyeonggi; the rest add nothing. - **Which operators have the most cold storage sites in Gyeonggi?** By sites tracked in Gyeonggi: HL Holdings (2), Korea Superfreeze (2), Mapletree Investments (2), Kurly (1). Coverage: sites in Gyeonggi whose source names no operator are not attributed to anyone here. - **Where are Coupang's cold storage sites?** Coupang has 4 sites tracked: 4 operating and 0 planned or under construction. Largest provinces: Incheon (3), South Gyeongsang (1). Coverage: Coupang is the largest operator by sites tracked, and these are the sites we have recorded under its name, not necessarily everything it runs. - **How many cold storage deals has Real Assets recorded?** 11 deals in South Korea, each with its date and a link to the page that reported it. The full list is in the workspace after sign-in. Coverage: these are deals reported by the pages we read, not every transaction in the market. - **Where does the data come from?** Figures link to the page that published them; 33 of 34 sites here carry a source link. Publishers behind this market's data include Cushman & Wakefield, Mingtiandi, ESR, Savills. How a source line reads, and what is left out, is on the methods page. Coverage: a site without a source link is listed as recorded and its figures are not shown as sourced. - **When was this cold storage data last updated?** The public figures on this page are as of 11 November 2026. They change as sites, sources and deals are added. Coverage: this is the date of the latest public export of counts, not of every record in the workspace. ## Provinces - [Gyeonggi (17 sites)](https://realassets.analystai.ai/kr-cold-storage/regions/gyeonggi) - [Busan (6 sites)](https://realassets.analystai.ai/kr-cold-storage/regions/busan) - [Incheon (5 sites)](https://realassets.analystai.ai/kr-cold-storage/regions/incheon) ## Top cities - [Pyeongtaek, Gyeonggi (3 sites)](https://realassets.analystai.ai/kr-cold-storage/cities/pyeongtaek) - [Seo-gu, Busan (3 sites)](https://realassets.analystai.ai/kr-cold-storage/cities/seo-gu) ## Top operators - [Coupang (4 sites)](https://realassets.analystai.ai/kr-cold-storage/operators/coupang) - [Korea Superfreeze (4 sites)](https://realassets.analystai.ai/kr-cold-storage/operators/korea-superfreeze) ## Head-to-head operator comparisons - [Coupang vs Korea Superfreeze](https://realassets.analystai.ai/kr-cold-storage/compare/coupang-vs-korea-superfreeze) ## Operator footprints by province - [Coupang in Incheon (3 sites)](https://realassets.analystai.ai/kr-cold-storage/operators/coupang-in-incheon) ## Primary filings and disclosed operator figures - **[Coupang](https://realassets.analystai.ai/kr-cold-storage/operators/coupang)** · [Coupang, Inc. (NYSE: CPNG) FY 2024 Form 10-K Annual Report (Rocket Fresh South Korea Cold Chain Fulfillment Network)](https://www.sec.gov/Archives/edgar/data/1834584/000183458425000030/cpng-20241231.htm) (10-K · FY 2024): Discloses $30.3B in FY 2024 net revenues and over 50M sq ft of fulfillment and Rocket Fresh temperature-controlled cold chain logistics infrastructure across 100+ facilities in Gyeonggi (Icheon, Goyang, Anseong, Yongin), Daegu, Daejeon, and Gwangju. - **Mapletree Investments** · [Mapletree FY2025/26 Summary Annual Report](https://www.mapletree.com.sg/uploads/2026/07/mapletree-fy2526-summary-annual-report.pdf) (Annual Report · FY2025/26): This summary annual report provides an overview of Mapletree Investments' global real estate portfolio, business strategy, and operational highlights for the 2025/2026 fiscal year. It details the group's S$76.2 billion portfolio across logistics, office, data centre, and student housing sectors, covering 13 markets including Singapore, the US, and Europe. - **Operator** · [Coupang, Inc. (NYSE: CPNG) FY 2024 Form 10-K Annual Report (Rocket Fresh South Korea Cold Chain Fulfillment Network)](https://www.sec.gov/Archives/edgar/data/1834584/000183458425000030/cpng-20241231.htm) (10-K · FY 2024): Discloses $30.3B in FY 2024 net revenues and over 50M sq ft of fulfillment and Rocket Fresh temperature-controlled cold chain logistics infrastructure across 100+ facilities in Gyeonggi (Icheon, Goyang, Anseong, Yongin), Daegu, Daejeon, and Gwangju. - **Operator** · [Mapletree FY2025/26 Summary Annual Report](https://www.mapletree.com.sg/uploads/2026/07/mapletree-fy2526-summary-annual-report.pdf) (Annual Report · FY2025/26): This summary annual report provides an overview of Mapletree Investments' global real estate portfolio, business strategy, and operational highlights for the 2025/2026 fiscal year. It details the group's S$76.2 billion portfolio across logistics, office, data centre, and student housing sectors, covering 13 markets including Singapore, the US, and Europe.