Pyeongtaek Poseung District Fully Operational... First Company Moves In

by Lee YeongKyu

Published 19 Mar.2020 06:46(KST)

Pyeongtaek Poseung District Bird's-eye View

[Asia Economy (Pyeongtaek) = Reporter Lee Young-gyu] The first factory in Pyeongtaek Poseung District (BIX), Gyeonggi Province, has completed registration and started product launch.

Poseung District is an industrial complex in Gyeonggi Province covering 2.04 million square meters in the areas of Heegok-ri, Sinyeong-ri, and Manho-ri, Poseung-eup, Pyeongtaek. It consists of a general industrial complex of 780,000 square meters and logistics facility land of 560,000 square meters. It is divided into chemical (C20), electronic components (C26), other machinery (C29), automobile parts (C30), and logistics facilities.

The West Sea Free Economic Zone Authority recently decided to additionally include two new industries, electrical equipment manufacturing and other transportation equipment manufacturing, by the end of June, reflecting the current economic situation and corporate trends, and is negotiating changes to the development plan.

The West Sea Free Economic Zone Authority announced on the 19th that Vitech Co., Ltd., the first tenant company in Poseung District, completed factory registration on the 18th and has begun full-scale product launch.

Vitech Co., Ltd. is a company producing eco-friendly plant protection products and has newly constructed two buildings (total floor area 3,418㎡) for factory and office within Poseung District.

Poseung District completed infrastructure construction such as roads, electricity, and water supply last December, allowing companies to sign lease contracts, start building construction, complete construction, and register (operate) factories. Currently, besides Vitech Co., Ltd., three other companies are building factories. These companies plan to operate their factories in the second half of this year.

Yang Jin-cheol, head of the West Sea Free Economic Zone Authority, said, "Pyeongtaek Poseung District is developing into a growth industry hub in the West Sea Rim region, creating the highest level of corporate and living environments." He emphasized, "We will continue to actively attract related companies in advanced industries and create quality jobs."