Eight organizations, including the central and local governments, Samsung Electronics, and LH, have joined hands to launch the Yongin Semiconductor National Industrial Complex's factory in 2030.

On the 17th, the Ministry of Trade, Industry and Energy (Minister Ahn Deok-geun), the Ministry of Land, Infrastructure and Transport (Minister Park Sang-woo), and the Ministry of Environment (Minister Han Hwa-jin) signed a win-win agreement with Gyeonggi Province (Governor Kim Dong-yeon), Yongin City (Mayor Lee Sang-il), Pyeongtaek City (Mayor Jang Jang-seon), Korea Land and Housing Corporation (President Lee Han-joon), and Samsung Electronics for the successful establishment of the Yongin Advanced System Semiconductor National Industrial Complex (hereinafter referred to as Yongin National Industrial Complex).

This mutual growth agreement ceremony was held to establish a plan for cooperation with relevant ministries and local governments to quickly promote the Yongin National Industrial Complex, which was announced to be established last year.

Based on this win-win cooperation, we will accelerate the development of industrial complexes.

In particular, it included measures such as lifting the Songtan water source protection zone in Pyeongtaek on the premise of securing an alternative water source to facilitate the smooth establishment of a semiconductor factory, and supplying water to industrial complexes and nearby areas in a timely manner.

After signing the coexistence agreement, the Korea Land and Housing Corporation, the project executor, plans to immediately apply for approval of the industrial complex plan to the Ministry of Land, Infrastructure and Transport.

The Ministry of Land, Infrastructure and Transport is significantly accelerating related procedures with the goal of putting the first factory in the Yongin National Industrial Complex into operation by the end of 2030.

Announcement of candidate sites Afterwards, the speed of development was increased through integrated ordering of services in stages (e.g. preliminary feasibility study, industrial complex plan, detailed design, etc.) and exemption from preliminary feasibility study.

We are making efforts to expedite environmental impact assessments through prior consultation and fast-track operation, and to shorten the land compensation period by conducting preliminary surveys of the relevant land and consulting with residents from the planning stage to initiate land compensation.

With these efforts, the time taken to start land development will be shortened by more than half, from over 7 years to 3 years and 6 months.

In addition, the adjacent Yongin I-dong public housing district will be developed into a city where jobs and residences are concentrated, in order to secure living conditions for excellent human resources.

Minister of Land, Infrastructure and Transport Park Sang-woo said, “Now is the time when the roles of related ministries and local governments are very important to ensure that companies can make timely investments so that the semiconductor industry, a key future driver for our country, can firmly establish itself in the global market.” He added, “The Yongin National Industrial Complex is being pushed forward quickly with the goal of breaking ground on the site in 2026 through cooperation between related ministries, local governments, and companies as a single team. We will make it a new successful model of a national industrial complex that will contribute to the development of the semiconductor industry and strengthening national competitiveness by securing sufficient infrastructure and living conditions.”

Minister of Environment Han Wha-jin said, “In order to start construction of the Yongin National Industrial Complex in a timely manner, the government, local governments, and companies will work closely as a ‘one team’ to implement the agreement without a hitch.” He added, “Since semiconductor production requires a huge amount of water and installing water supply facilities takes a lot of time, we will establish a detailed water supply plan and quickly implement it.”

Kang Kyung-sung, First Vice Minister of Trade, Industry and Energy, said, “I believe that today’s event has become a catalyst for the more rapid development of the Yongin National Industrial Complex, and this result is a good example of the collaboration between the government, local governments, public institutions and companies for our semiconductor industry.He said, “This will be a case in point,” and added, “We will do our best to ensure that the semiconductor mega cluster, in which 622 trillion won will be invested, centered around Yongin National Industrial Complex, Yongin General Industrial Complex, and Pyeongtaek Godeok Industrial Complex, can become the hub of the semiconductor industry not only in Korea but around the world.”