iMarketKorea (122900.KS), an industrial materials distribution specialist, has secured its first tenant for its Texas industrial park, accelerating the establishment of a global supply chain hub.
The company said Tuesday it had signed a business agreement with Hanaro One Way, a global logistics firm, as the first tenant of Gradiant Technology Park (GTP), which is under development in Taylor, Texas.
GTP is an industrial complex being developed by iMarketKorea near Samsung Electronics' (005930.KS) Taylor semiconductor plant.
iMarketKorea plans to continue attracting tenants to GTP, focusing on companies within the industrial value chain expanding around Samsung's Taylor facility. One Way, the first tenant, is a global integrated logistics company expanding its logistics and warehouse operations across North America. Drawing on its experience handling logistics for Samsung's Austin semiconductor plant, the company is strengthening its logistics cooperation framework linked to the Taylor foundry plant.
GTP is adjacent to Samsung's Taylor semiconductor plant and offers excellent access to major highways and logistics infrastructure in the Austin area, according to iMarketKorea.
GTP is initially being developed as a two-building industrial facility, with completion targeted for the third quarter of this year. iMarketKorea plans to expand its recruitment of logistics and manufacturing firms and support Korean companies' entry into the U.S. market through an integrated support system linking procurement (MRO), logistics, and operations.
Separately, iMarketKorea disclosed first-quarter consolidated operating profit of 16.57 billion won ($12.2 million), up 70.34% from a year earlier. Revenue over the same period rose 12.7% to 842.45 billion won ($619 million).
