Chungcheongnam-do to Build 'K-Mobility Auto Hub' at Dangjin Port... 6.5 Trillion Won Production Effect Expected

SK Rent-a-Car and Others to Invest 383.9 Billion Won
Korea’s First Integrated Automotive and Port Logistics Complex
Expected to Create 8,000 Jobs Annually

Chungcheongnam-do Province, in partnership with domestic companies such as SK Rent-a-Car, will establish Korea’s first “K-Mobility Auto Hub General Logistics Complex” in the Dangjin Port area.

This project, with an investment of 383.9 billion won, is a large-scale initiative expected to further boost Chungcheongnam-do’s core strategies of “Bay Valley Construction” and “Fostering Dangjin Port as an Export Forward Base.” It is anticipated to generate an annual production effect of 6.5 trillion won and create 8,000 jobs.

On November 17, the province announced that it will join forces with domestic companies to build a state-of-the-art integrated logistics complex in the Dangjin Port area, which will lead Korea’s automobile exports.

As a result, the “Bay Valley Construction” and “Fostering Dangjin Port as an Export Forward Base” strategies, which are key priorities of the 8th popularly elected administration of Chungcheongnam-do, are expected to gain further momentum.

On this day, Governor Kim Tae-heum signed a business agreement for the “K-Mobility Auto Hub General Logistics Complex Project” with Oh Seonghwan, Mayor of Dangjin, Lee Jeonghwan, CEO of SK Rent-a-Car, and others in the provincial government’s main conference room.

The K-Mobility Auto Hub General Logistics Complex, the first in the country to combine the automobile industry with port logistics, will be built on a 720,000-square-meter site near the Gode Pier in Gode-ri, Songak-eup, Dangjin-si.

This complex will feature an integrated vehicle logistics system capable of handling all distribution processes such as vehicle maintenance, inspection, exhibition, and storage, as well as a smart logistics system and eco-friendly infrastructure.

According to the agreement, SK Rent-a-Car and other companies will establish a special purpose company (SPC) called K-Mobility Co., Ltd. for the development of this complex, investing 383.9 billion won by 2030.

The province and Dangjin City will actively support the project by facilitating the creation of the logistics complex, attracting investment funds for regional revitalization, and expediting administrative processes such as permits and approvals.

SK Rent-a-Car and other companies have agreed to actively cooperate by providing land, participating in the SPC, investing project funds and raising capital, and ensuring economic feasibility.

The province expects that once the K-Mobility Auto Hub General Logistics Complex is established and fully operational, it will generate an annual production inducement effect of 6.5 trillion won and an added value effect of 2.3 trillion won.

It is also projected to yield 77 billion won in tax revenue and create 8,000 jobs, making a significant contribution to revitalizing the local economy.

Additionally, as related companies in automobile inspection, maintenance, and parts cluster in the Dangjin Port area, an innovative ecosystem for the automobile distribution industry will be established, further strengthening the competitiveness of Chungcheongnam-do’s port industry and advancing its industrial structure.

Furthermore, securing more than 700,000 tons of new annual cargo volume is expected to positively impact the expansion of social overhead capital (SOC) such as piers and roads, and significantly improve the logistics environment at Dangjin and Pyeongtaek ports.

The province plans to gradually introduce a smart port logistics system and eco-friendly certified infrastructure as the K-Mobility Auto Hub General Logistics Complex enters full operation, developing it into a next-generation logistics complex.

Governor Kim Tae-heum stated, “Chungcheongnam-do plans to establish an export logistics base focused on emerging markets, building a one-stop export system-including procurement, maintenance, and shipping-on modernized facilities rather than simple storage yards, thereby enhancing the brand value of our automobiles.”

He added, “We are currently discussing converting the pier to accommodate both automobiles and general cargo with the relevant ministries, and we will expedite the necessary procedures so that construction can begin in 2028 and be completed by 2030.”

He continued, “Given the increasing uncertainty in global trade, automobile exports targeting emerging markets have high growth potential. Let’s join forces with Dangjin City and the private sector to complete the Dangjin Port export logistics complex and take Korea’s automobile industry to the next level.”

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