The ‘Yongin Advanced System Semiconductor National Industrial Complex’ being built in Idong and Namsa-eup, Cheoin-gu, Yongin Special City, has received final approval from the Ministry of Land, Infrastructure and Transport and will begin full-scale construction three months ahead of schedule.
With Samsung Electronics’ investment of 360 trillion won, this national industrial complex, which will become the center of the semiconductor industry in Korea, is promising rapid progress through close cooperation between Yongin Special City, the Ministry of Land, Infrastructure and Transport, LH, and other related organizations, and is expected to strengthen semiconductor competitiveness.
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[Korean Today] On the 26th, at the ‘Yongin Advanced System Semiconductor Cluster National Industrial Complex Approval Commemoration Ceremony’ held at Samsung Electronics Giheung Campus, Samsung Electronics and LH signed an implementation agreement regarding the details of the land sale contract, etc. © Reporter Na-yeon Kim |
Yongin Special City announced on the 26th that the ‘Yongin Advanced System Semiconductor National Industrial Complex’ to be built in Idong and Namsa-eup, Cheoin-gu, received final approval from the Ministry of Land, Infrastructure and Transport. This is three months earlier than the approval schedule originally planned for the first quarter of next year, and the industrial complex development project is expected to proceed with greater speed.
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[Korean Today] People attending the ‘Yongin Advanced System Semiconductor National Industrial Complex Approval Ceremony’ held at Samsung Electronics Giheung Campus on the 26th © Reporter Na-yeon Kim |
At the approval ceremony held at the Samsung Electronics Giheung Campus on this day, Minister of Land, Infrastructure and Transport Park Sang-woo, Yongin Special City Mayor Lee Sang-il, LH President Lee Han-joon, Samsung Electronics President Kim Yong-kwan, and others attended to reflect on the significance of the national industrial complex approval and announce future implementation plans. At the event, the Korea Land and Housing Corporation (LH), the project executor, and Samsung Electronics entered into a full-fledged implementation agreement by signing a land purchase contract.
Samsung Electronics plans to invest approximately 360 trillion won in this national industrial complex to create the world’s largest semiconductor cluster, including six semiconductor production lines (Fab). In addition, approximately 150 semiconductor material, component, and equipment companies will move in, making Yongin a key base for the Korean semiconductor industry.
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[Korean Today] The ‘Yongin Advanced System Semiconductor National Industrial Complex Approval Commemoration Ceremony’ held at Samsung Electronics Giheung Campus on the 26th © Reporter Na-yeon Kim |
The national industrial complex development area will be expanded from approximately 7.28 million m2 to 7.78 million m2 (approximately 2.35 million pyeong). This is due to securing an additional 500,000 m2 of industrial complex land for relocating companies. Yongin Special City has designated this area as a development permit restriction area and is currently in the process of public notice to residents.
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[Korean Today] Yongin Special City Mayor Lee Sang-il is giving a speech at the ‘Yongin Advanced System Semiconductor National Industrial Complex Approval Ceremony’ held at Samsung Electronics Giheung Campus on the 26th. © Reporter Kim Na-yeon |
Mayor Lee Sang-il said, “The key to developing national industrial complexes is land compensation and smooth relocation of residents and businesses,” and emphasized that he has been closely consulting with the Ministry of Land, Infrastructure and Transport to secure housing sites for relocated residents and relocated businesses. He also added, “The government should review practical support measures for relocated residents and relocated businesses, such as reductions in transfer taxes and corporate taxes and support for policy funds.”
At the event, Mayor Lee Sang-il mentioned the importance of living conditions and transportation infrastructure for the approximately 103,000 permanent workers expected to reside in the national industrial complex after its establishment, and requested the Ministry of Land, Infrastructure and Transport to reflect the extension of the Gyeonggang Line (Gyeonggi Gwangju Station – Yongin Idong and Namsa-eup) and the construction of the Gyeonggi Southern Light Rail (Seoul Sports Complex Station – Seongnam Pangyo – Yongin Sinbong and Seongbok-dong – Suwon Gwanggyo – Hwaseong Bongdam) in the 5th National Railway Network Plan for next year.
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[Korean Today] Bird’s-eye view of the ‘Yongin Advanced System Semiconductor Cluster National Industrial Complex’ with the addition of a relocation complex for companies accepted into the national industrial complex (Photo: Ministry of Land, Infrastructure and Transport) © Reporter Na-yeon Kim |
The expansion project for National Route 45 (Namdong Daechon Intersection to Anseong Yangseong-myeon Jangseo Intersection) is also underway. Yongin Special City has persuaded the Ministry of Land, Infrastructure and Transport and the Ministry of Strategy and Finance to exempt it from the preliminary feasibility study, and accordingly, the expansion project is scheduled to be completed three years earlier than originally planned, in time for the first production line to be put into operation in the second half of 2030.
The ‘Yongin Advanced System Semiconductor National Industrial Complex’ is attracting attention as a key base that will drive the global competitiveness of the Korean semiconductor industry beyond a simple industrial complex. Mayor Lee Sang-il said, “This early approval of the national industrial complex is very desirable for the development of the semiconductor industry and strengthening competitiveness,” and “We will continue to work closely with relevant organizations to ensure that the remaining process proceeds quickly.”
Additional information regarding the immigrant enterprise industrial complex can be found on the Yongin Special City website (https://www.yongin.go.kr/).
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