On Thursday, March 21, 2019, IFEZ and Hyundai Mobax signed a mutual cooperation agreement. Hyundai Movex, a subsidiary of the Hyundai Group, was established in July 2017 by Hyundai Elevator's logistics automation business division. Since Hyundai Movex was established in July 2017, Hyundai Movex, a logistics automation company merged with Hyundai U & to be. With this agreement, Hyundai Mubex will start the R & D center for the logistics automation system at the 6,684-square-meter site in the IHP urban high-tech industrial complex in Chongla International City.