- Wharf is equipped with two berthing facilities and a shipyard of 50,000 pyong
- Annual exports of 400,000 vehicles of Hyundai-Kia through the Pyongtaek port
- Community economic contributions and decrease in logistical costs
Hyundai-Kia Motor Company held a ceremony upon the completion of the specialized vehicles wharf at Poseung-myon, Pyongtaek City, Kyonggi-do on the 20th. About 300 people including Lee Hang-gyu, Maritime Affairs and Fisheries Minister, Lim Chang-yeol, governor of Kyonggi-do, Ham Suk-jei, Chairman of Agriculture, Forestry, Marine and Fisheries committee (United Democratic Party), Won Yu-chul, National Assembly representative (New Millenium Democratic Party, Gap area in Pyongtaek), Jung Jang-sun, National Assembly man (New Millenium Democratic Party, Yeul area Pyongtaek), Kim Sun-gi, mayor of Pyongtaek City, Chung Mong-Koo, chairman of Hyundai-Kia Motor Company, Kim Soo Joong, president of Kia Motors, Lee Kye Ahn, Hyundai Motor Company president and many other Kia Motors' executives and employees were in attendance.
Construction of the specialized vehicle wharf in Pyongtaek port started last November and was completed with the efforts of 9,000 workers and 1,300 pieces of heavy equipment at an investment of 11.7 billion won. Expeditious export of vehicles produced in the Hwasung factory of Kia Motors and in the Asan factory of Hyundai Motor Company can now be accomplished with two berths (No. 3 and 4), the berthing facilities for ships carrying specialized vehicles, and the 50,000 pyong shipyard that can accommodate 7,500 vehicles at one time.
The completion of the wharf will save Kia and Hyundai 7 billion won in logistics costs annually. Also, it will contribute to employment growth in the local economy through the reopening and expansion of the abandoned wharf into a specialized wharf for vehicles. Before Kia and Hyundai only used existing Inchon or Ulsan ports. At the same time, the wharf will contribute to the prevention of pollution due to the commitment for a clean wharf for vehicles only.
The Pyongtaek port is located in the middle of the Hwasung factory for Kia and the Ashan factory for Hyundai. The distance is only 12kms to the Hwasung factory and only 18kms to the Ashan factory. It is now possible to transport vehicles for export within 20 minutes. Worries arising from long distance transportation or heavy traffic delaying delivery have been alleviated.
The chairman of Hyundai-Kia Motor Company, Chung Mong-Koo, introduced the Pyongtaek port as an advanced base for export in the world market and added, "We will compete with foreign automobile companies, advancing into Korea, head to head through better quality cars. Therefore, all executives and employees should do their best to make top of the line vehicles to rule the competition in the world market and assert the pride of the Korean automobile industry."
The types of vehicles exported through the Pyongtaek port will be Sephia, Sportage, Shuma and Optima produced at the Hwasung factory of Kia Motors. The expected volume being 300,000 vehicles with an annual export of 100,000 vehicles of EF Sonata and Grandeur XG produced at the Asan factory of Hyundai. Total volume exported through the Pyongtaek port will be approximately 400,000 vehicles annually.