Yongin City Develops Comprehensive Plan to Foster Semiconductor Industry

[Asia Economy (Yongin) = Reporter Lee Young-gyu] Yongin City in Gyeonggi Province is creating a 'Comprehensive Plan for Semiconductor Industry Development.'

On the 28th, Yongin City announced that it is preparing a comprehensive plan for semiconductor industry development that specifically includes overall strategies to foster the semiconductor industry.

This comprehensive plan includes ▲establishing the Yongin Semiconductor Belt connecting Giheung and Cheoin ▲strengthening the competitiveness of local materials, parts, and equipment companies ▲training semiconductor specialists ▲building a one-stop administrative system to support the semiconductor industry ▲supporting the expansion of next-generation memory and foundry production bases at Samsung Electronics Giheung Campus ▲and providing prompt permits and approvals for the Yongin Semiconductor Cluster.

The Yongin Semiconductor Belt, connecting Giheung and Wonsam in an "L-shape," is one of the city's main strategies.

The city plans to build a Yongin Semiconductor Belt linking Giheung to Cheoin by establishing materials, parts, and equipment research and manufacturing facilities within Yongin Platform City in Giheung-gu, expanding Samsung Electronics Giheung Campus, attracting semiconductor equipment companies such as Lam Research and SEMES to invest in Giheung, developing the second Yongin Techno Valley in Idong, and creating the Yongin Semiconductor Cluster in Wonsam, thereby creating a robust semiconductor ecosystem with global competitiveness.

Additionally, the city will construct a semiconductor expressway running east to west through Yongin to connect key points and develop a cooperative complex (covering 450,000㎡) within the Yongin Semiconductor Cluster where about 50 semiconductor materials, parts, and equipment companies can settle.

Within Yongin Platform City, the city plans to utilize 100,000㎡ of industrial land to enhance the research and development (R&D) and manufacturing capabilities of semiconductor materials, parts, and equipment companies.

Furthermore, new industrial complexes will be developed along the planned semiconductor expressway route to accommodate semiconductor materials, parts, and equipment companies.

The city will also establish a testbed within the Yongin Semiconductor Cluster where technologies developed by materials, parts, and equipment companies can be tested for performance and effectiveness. To this end, various support measures such as creating a semiconductor materials, parts, and equipment venture town and establishing a semiconductor materials, parts, and equipment fund are being considered.

To cultivate specialized personnel, the city will operate related educational programs in stages through public-private cooperation, support the establishment of semiconductor and AI high schools, and assist local universities in opening semiconductor contract departments.

The city is also preparing to enact the 'Ordinance on Semiconductor Industry Development and Support' (tentative name).

The ordinance is expected to include provisions for establishing the comprehensive plan, operating the Yongin Semiconductor Industry Competitiveness Enhancement Committee, and building a cooperation system among industry, academia, research, and government sectors.

The city plans to complete related administrative procedures and legislative notices by October and submit the enactment proposal to the Yongin City Council in November.

Mayor Lee Sang-il of Yongin emphasized, "The semiconductor industry is a core strategic industry for the national interest led by the government," adding, "Yongin City will prepare and implement comprehensive policies to lead South Korea's semiconductor industry."

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