The Best Location for Secondary Battery Specialized Complex is Pohang! ... Pohang City and Gyeongbuk Province Make Every Effort to Attract the Specialized Complex

Proposal to Kim Gi-hyeon, People Power Party Leader, and Yoon Jae-ok, Floor Leader

Explanation of Feasibility for Designating Advanced Secondary Battery Strategic Industry Specialized Complex

Pohang City is making every effort together with Gyeongbuk Province to attract the national advanced strategic industry specialized complex for secondary batteries, which will be decided in June this year.

On the 15th, Kwon Hyuk-won, Director of the Job and Economy Bureau of Pohang City, and Lee Dal-hee, Deputy Governor for Economy of Gyeongbuk Province, actively requested the attraction of a secondary battery specialized complex to Pohang in a meeting with Kim Ki-hyun, leader of the People Power Party. (From the third person on the left: Kwon Hyuk-won, Director of the Job and Economy Bureau of Pohang City; Lee Dal-hee, Deputy Governor for Economy of Gyeongbuk Province; Kim Ki-hyun, leader of the People Power Party; Gu Ja-geun, member of the People Power Party)

Kwon Hyuk-won, Director of the Job and Economy Bureau of Pohang City, and Lee Dal-hee, Deputy Governor of Gyeongbuk Province, visited the National Assembly on the 15th to meet consecutively with Kim Ki-hyun, leader of the People Power Party, Yoon Jae-ok, floor leader of the People Power Party, and members of the Industry, Trade and Energy Small and Medium Venture Business Committee, actively urging that Pohang City must be selected for the secondary battery specialized complex.

Deputy Governor Lee Dal-hee explained that Pohang is the only place nationwide where a full-cycle industrial ecosystem for cathode materials?from recycling, core raw materials, precursors to cathode active materials?is established, and that Yeongilman Port is adjacent, making import and export of core raw materials easy. He emphasized that creating a specialized complex where the industrial ecosystem exists would generate greater synergy effects.

Currently, Pohang City is attracting key anchor companies in the domestic and international secondary battery sector, such as POSCO Future M and EcoPro, centered around Yeongilman Industrial Complex and Blue Valley Industrial Complex, successfully attracting large-scale investments of about 5 trillion won in the first half of this year alone.

Moreover, companies including leading firms like POSCO Future M and EcoPro plan to invest approximately 14 trillion won by 2027, making it the most active area nationwide for secondary battery-related investments.

Pohang City’s strategy is to internalize core raw materials such as precursors and lithium hydroxide with the goal of producing 1 million tons of cathode active materials by 2030, responding to the rapidly increasing global demand for secondary batteries by establishing a mass production system.

Kwon Hyuk-won, Director of the Job and Economy Bureau, said, “To secure Korea’s global super-gap competitiveness in the secondary battery industry, Pohang must be designated as the secondary battery specialized complex. We will continue to cooperate with Gyeongbuk Province until the end to attract the secondary battery specialized complex and grow Pohang into a global production base for key secondary battery materials.”

Mayor Lee Kang-deok will personally attend the national advanced strategic industry specialized complex announcement evaluation held in Seoul on the 17th to explain the necessity of designating Pohang as the secondary battery specialized complex.

This content was produced with the assistance of AI translation services.