Lee Jae-myung Visits Samsung Hwaseong Campus, Urges "Support for Joint Growth with SMEs"

[Asia Economy (Hwaseong) = Reporter Lee Young-gyu] On the 20th, Lee Jae-myung, Governor of Gyeonggi Province, visited Samsung Electronics Hwaseong Campus and urged the company to "prepare for the energy transition and create many opportunities for co-growth with small and medium-sized enterprises."

On this day’s site visit, Governor Lee Jae-myung was joined by Song Young-gil, leader of the Democratic Party of Korea, Yoon Kwan-seok, Secretary-General, National Assembly members Park Wan-joo, Park Jung, Kim Young-ho, Min Byung-duk, Lee So-young, as well as Samsung Electronics Vice Chairman Kim Ki-nam and President Lee In-yong.

Governor Lee discussed with the attendees the support measures at both central and local government levels and future strategies to revitalize the semiconductor industry, one of the nation's core industries.

After the meeting, they toured the semiconductor production lines and manufacturing processes.

Governor Lee said, "The world is currently undergoing a major energy transition. If we start the transition late, we will become followers who pay enormous costs, but if we move half a step faster, it will be a golden opportunity to reduce huge expenses. If we do not prepare for the energy transition, global regulations such as RE100 (companies switching 100% of their power usage to renewable energy) and ESG (Environmental, Social, and Governance) management could become significant obstacles for individual companies in their future business activities."

He continued, "Thanks to the efforts of Samsung Electronics employees, we are enjoying the effects of revitalizing the local economy and creating jobs. Samsung Electronics is also conducting small and medium-sized enterprise support projects with Gyeonggi Province, so please create more opportunities for co-growth and coexistence with related companies. Gyeonggi Province will also work hard to support Samsung Electronics not only as a representative company of Korea but also as a key company preparing for the global semiconductor digital transition."

Samsung Electronics Hwaseong Campus is a world-class comprehensive semiconductor research and production hub spanning 1.57 million square meters, employing about 33,000 people. It designs and manufactures memory and foundry semiconductors, including NAND, DRAM, foundry (contract manufacturing), and EUV (extreme ultraviolet) technologies.

Since its completion in 2000, it has played a decisive role as a core manufacturing and R&D mecca, including starting the world’s first mass production of 3D V-NAND in 2013, helping Samsung Electronics maintain its position as the world’s number one memory semiconductor company for over 30 years since 1993.

The provincial government is working to secure global market competitiveness in the semiconductor industry by coordinating with the central government to support the supply of essential infrastructure water for semiconductor production lines and investing 300 billion KRW to foster Gyeonggi Province’s materials, parts, and equipment (SoBuJang) industry. These efforts aim to support Samsung Electronics’ new investments and the creation of a semiconductor ecosystem.

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