Pyeongtaek Poseung (BIX) District Emerges as a Hub for Eco-Friendly Future Automotive Industry

[Suwon Ilbo=Reporter Park No-hoon] Pyeongtaek Poseung (BIX) District has laid the groundwork to emerge as a hub for eco-friendly future automotive industry by adding tenant industries to its industrial facility sites.

The Ministry of Industry, Trade and Energy announced on the 15th the 12th development plan revision for the Pyeongtaek Poseung (BIX) District under the Yellow Sea Economic Free Zone Authority and added electrical equipment and other transport equipment to the list of tenant industries for industrial facility sites, which previously consisted of only four categories: automobile, machinery equipment, electronic parts, and chemical product manufacturing.

The Yellow Sea Authority previously submitted an application for development plan changes with this content in February and held consultations with relevant agencies. The proposed plan was approved as submitted during the Economic Free Zone Committee review by the Ministry of Industry on the 30th of last month.

With this development plan revision, the Pyeongtaek Poseung (BIX) District can now accommodate secondary batteries and electric two-wheelers and other future automotive-related facilities, enabling the creation of a future-oriented advanced automotive cluster.

The Pyeongtaek Poseung (BIX) District development project involves constructing industrial facility sites, logistics facility sites, and residential complexes on a 2.04 million square meter site adjacent to Pyeongtaek Port and the West Sea Bridge, with site development work completed at the end of last year.

The Pyeongtaek Poseung (BIX) District is home to complete vehicle manufacturers such as Kia Motors and SsangYong Motor, as well as numerous automotive parts suppliers including Mando, BorgWarner Morse Systems, and Telstar Hommel. Additionally, it is adjacent to Pyeongtaek Port, Korea's largest automobile import and export hub, making it considered an ideal location for eco-friendly future automotive companies including electric vehicle manufacturers.

Yang Jin-chul, director of the Yellow Sea Authority, stated, “The revised development plan contains plans to foster the Pyeongtaek Poseung (BIX) District as a center for the eco-friendly future automotive industry,” adding, “This is a measure to respond to rapid growth in the electric vehicle and personal mobility markets, which will immediately lead to increased investment attraction.”