Government to Support Yongin Semiconductor Cluster... Requests Yeoju City Cooperation on Permits

A bird's-eye view of the Yongin Semiconductor Cluster being built by SK Hynix in Yongin, Gyeonggi Province.
[Photo by Asia Economy DB]

[Asia Economy Sejong=Reporter Lee Junhyung] The government has formed a task force (TF) to support SK Hynix's construction of the Yongin Semiconductor Cluster.

On the 2nd, the Ministry of Trade, Industry and Energy held the first meeting of the 'Yongin Semiconductor Complex Water Facility TF' at the Sejong Daewang-myeon Office in Yeoju City and met with Mayor Lee Chung-woo of Yeoju. The government formed the TF to resolve issues related to the installation of water facilities for the Yongin Semiconductor Cluster.

The Yongin Semiconductor Cluster is a large-scale project in which SK Hynix is investing 120 trillion won. Since 2019, the government has supported the promotion of the Yongin Semiconductor Cluster project in cooperation with local governments and related organizations.

Accordingly, SK Hynix completed most of the administrative procedures and local government permits for building the semiconductor cluster infrastructure, including obtaining permits related to power facility construction in March this year. SK Hynix now only has the permit consultation with Yeoju City for the construction of water facilities for the Yongin Semiconductor Cluster remaining.

The Ministry of Trade, Industry and Energy plans to support the remaining permit procedures, including consultations with Yeoju City, through the water facility TF. Choi Wooseok, Director General of the Ministry's Materials Convergence Industry Policy Bureau, who presided over the first TF meeting, said, "The Yongin Cluster project should not be excessively delayed due to permit issues," and added, "Let us closely cooperate to promptly resolve permit-related issues, including win-win measures with Yeoju City."

Meanwhile, before the TF meeting, Director General Choi also requested Yeoju City's cooperation for the timely construction of the Yongin Semiconductor Cluster during his meeting with Mayor Lee Chung-woo. Director General Choi said, "The Ministry of Trade, Industry and Energy will actively mediate to resolve permit-related issues."

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