Gyeonggi-do Approves 'Godeok Industrial Complex Plan Change'... Accelerating Support for Samsung Semiconductor Foundry Production

Strengthening Semiconductor Foundry Production Base by Relocating Existing Yeoryeom Park

Aerial View of Pyeongtaek Godeok Industrial Complex [Gyeonggi-do]

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province announced on the 29th that it has officially approved the change in the industrial complex plan for the "Godeok Internationalization Planning District General Industrial Complex," where the Samsung Electronics semiconductor factory is located.

The "Pyeongtaek Godeok Internationalization Planning District General Industrial Complex" is a site where, following the relocation of the U.S. military base in Korea, Gyeonggi Province and Samsung Electronics signed an investment agreement worth 100 trillion won in July 2012, and Samsung Electronics is currently constructing semiconductor production facilities there.

According to the province, the newly approved plan involves relocating the Yeoryeom Park, which was originally located in the center of the Samsung Semiconductor Pyeongtaek campus site, to the north, allowing Samsung Semiconductor to further strengthen its "foundry production base" by utilizing the park site.

In particular, with the recent global surge in semiconductor demand emphasizing the importance of the foundry market more than ever, the province expects this industrial complex plan change to serve as an opportunity to take the lead in the global semiconductor supply chain.

The province plans to expedite permits and approvals based on the "Special Act on Simplification of Industrial Complex Permit Procedures."

Additionally, instead of using the existing Yeoryeom Park site for semiconductor production facilities, a new park with eco-friendly walking trails and resting areas will be created.

Ryu Gwang-yeol, Director of the Provincial Economic Office, stated, "It is highly significant that local residents, companies, and Gyeonggi Province have created a new model of coexistence and cooperation to solve national issues," adding, "Since foundry semiconductors are a core future growth engine of the country, I hope this industrial complex plan change will greatly contribute to the leap forward of South Korea's semiconductor industry."

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