Ssangyong Construction Wins 200 Billion KRW Contract for ASML Korea New Headquarters Construction

Ssangyong Engineering & Construction has won the contract for the construction of the new headquarters (New Campus) of ASML, a global semiconductor equipment company from the Netherlands, in South Korea.

On the 13th, Ssangyong Engineering & Construction announced that it signed a contract on the 3rd in Hwaseong, Gyeonggi Province, for the construction of ASML's New Campus. The contract amount is 200 billion KRW.

The ASML Korea New Campus is located near Dongtan JC in Songdong, Dongtan 2 District, Hwaseong-si, Gyeonggi Province. It will consist of two buildings with 4 basement floors and 11 above-ground floors, totaling 74,418㎡ in gross floor area, housing office and educational research facilities.

Perspective view of ASML's new office building in Korea.
Photo by Ssangyong Construction

ASML is the world’s leading semiconductor equipment company that exclusively supplies extreme ultraviolet (EUV) lithography equipment (machines that print integrated circuits onto semiconductor wafers according to design) ? the most critical process in semiconductor manufacturing. Its sales reach approximately 21.2 billion euros (about 29 trillion KRW).

In November last year, ASML announced investments in this campus, which includes a management center, remanufacturing center, global training center, and experience center, during a groundbreaking ceremony and press conference.

Peter Wennink, CEO of ASML, said at the time, “Through the Hwaseong New Campus, we hope our efforts will bear fruit in future growth and the development of top talent.”

Lee Woo-kyung, CEO of ASML Korea, stated, “The remanufacturing center at the New Campus will expand the supplier base that can procure more parts from Korea.” Additionally, ASML plans to hire more than 1,400 people over the next 10 years in Korea to expand its business base and contribute to semiconductor talent development through the training center and experience center.

The Ministry of Trade, Industry and Energy has been cooperating with Gyeonggi Province, Hwaseong City, KOTRA, and others since 2020 to attract ASML’s New Campus to Korea, and signed an investment agreement in 2021 to establish the ASML Hwaseong Semiconductor Cluster. Recently, regulations hindering domestic investment, such as those related to next-generation EUV equipment, have been continuously eased.

Meanwhile, Ssangyong Engineering & Construction was selected as the preferred negotiation partner and signed the contract after receiving excellent evaluations in the price and technical comprehensive assessment and technical proposal presentation for this project.

Yoo Jong-sik, Executive Director of Ssangyong Engineering & Construction, said, “Winning the contract for the new headquarters construction of a global semiconductor equipment company is very meaningful,” and added, “We promise the highest quality construction to contribute to the expansion of ASML’s investment in Korea in the future.”

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