GyeongbukTP Achieves Success in Attracting "Demand-Specialized Modular LSV Global Innovation Special Zone"

Leading the Entire Process from Planning to Designation

135.61 ㎢ Zone Designated in Chilgok-gun

KRW 19.7 Billion to Be Invested by 2030

Aiming to Become a Global Hub for Next-Generation Low-Speed Mobility

The "Demand-Specialized Modular LSV (Low Speed Vehicle) Global Innovation Regulation-Free Special Zone," which was directly discovered and planned by Gyeongbuk Technopark (President Ha Inseong, GyeongbukTP), has been officially designated as the "3rd Global Innovation Regulation-Free Special Zone" by the Ministry of SMEs and Startups.

The Global Innovation Regulation-Free Special Zone is a system that supports the entire cycle from regulatory exemptions to overseas demonstration and commercialization in order to foster the development of new technologies and products in advanced new industries and to support overseas expansion.

Provided by Gyeongbuk Technopark

GyeongbukTP led the planning of this special zone by thoroughly analyzing the strengths of local strategic industries and on-site demand, resulting in this achievement.

The newly designated zone covers a total area of 135.61㎢, including Waegwan-eup, Seokjeok-eup, and Yakmok-myeon in Chilgok-gun, Gyeongsangbuk-do, as well as the Waegwan General Industrial Complex.

A total project budget of 19.7 billion won will be invested from July 2026 to December 2030, with 36 companies and institutions participating in the large-scale demonstration project.

LSV (Low Speed Vehicle) refers to a vehicle with a maximum speed of 40 km/h or lower, and is considered a next-generation low-speed mobility solution utilized in various industries such as mobility support for the transportation disadvantaged, tourism and leisure, logistics, and agriculture.

In particular, the "Demand-Specialized Modular LSV" promoted by Gyeongbuk Province adopts an innovative approach in which a customized module for each customer is mounted on a single standardized basic common platform.

This is expected to not only reduce development costs and maximize production efficiency, but also contribute to building a collaborative ecosystem led by local small and medium-sized enterprises and mid-sized companies.

GyeongbukTP departed from the traditional approach centered on complete vehicle and research projects, and instead combined the region's robust automotive parts and special vehicle manufacturing base with the real market demand of local companies.

Furthermore, the vehicles have been designed to comply with global standards such as the U.S. LSV automotive safety standard (FMVSS 500), thereby enhancing the zone's viability as an "export-oriented special zone."

It is expected that the designation of this special zone will result in an estimated 300 billion won in production inducement effects, 70 billion won in value-added effects, and the creation of 760 jobs in the future.

Meanwhile, GyeongbukTP will launch an integrated support system not only for the LSV special zone, but also for the newly designated "Gyeongbuk K-Next Generation Electric Propulsion Vessel Global Innovation Regulation-Free Special Zone" and the "Gyeongbuk Industrial Hemp Regulation-Free Special Zone (additional)," to ensure their successful establishment.

The organization plans to provide comprehensive support for each zone, including demonstration management, commercialization, investment attraction, global certification, and overseas demonstration, in order to ensure that the achievements of the special zones lead to revitalization of the regional economy.

Ha Inseong, President of GyeongbukTP, stated, "The designation of the Demand-Specialized Modular LSV Global Innovation Regulation-Free Special Zone marks a crucial turning point for Gyeongbuk to become a global hub for the future mobility industry." He emphasized, "This is the result of Gyeongbuk's unique special zone planning, which was inspired by the real needs of local companies and precisely targeted global market entry."

He added, "As the organization in charge of overall planning and operational management for Gyeongsangbuk-do's special zones, we will fully utilize our accumulated operational expertise to actively promote the growth of local companies and the activation of new industries through various regulatory innovations."

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