[Advanced Industry Promotion] Samsung to Invest 60.1 Trillion KRW Over 10 Years in Chungcheong, Gyeongsang, and Honam Regions

Samsung will invest a total of 60.1 trillion KRW over 10 years in the Chungcheong, Gyeongsang, and Honam regions. Samsung affiliates such as Samsung Electronics, Samsung Display, Samsung SDI, and Samsung Electro-Mechanics have designated specialized projects by region?including semiconductor packaging, cutting-edge displays, next-generation batteries, smartphones, electronic components, and materials?to promote balanced regional development through targeted investments.

In the Chungcheong area, Samsung will establish ▲a semiconductor packaging specialized complex ▲an advanced display cluster ▲a next-generation battery mother factory (core production base), among others. Samsung Electronics will expand facility investments at its Cheonan and Onyang sites to strengthen semiconductor packaging R&D capabilities and increase production capacity. Next-generation semiconductor packaging technology is highly complex and requires close collaboration with partner companies in foundry, materials, and equipment sectors. The plan is to enhance the competitiveness of the entire domestic semiconductor ecosystem in the future. Samsung Display will build a ‘Display Integrated Cluster’ in Asan to meet diverse demands for ▲small and medium IT devices ▲large devices such as TVs and digital signage ▲new digital devices including VR (virtual reality) and AR (augmented reality). Through this, the production share of cutting-edge, high value-added products such as OLED and QD (Quantum Dot) will be expanded in the Asan region.

Samsung SDI plans to establish a mother factory for ‘all-solid-state batteries’ in Cheonan, which have larger capacity and greater safety compared to existing lithium-ion batteries, to strengthen next-generation battery technology research and mass production systems. Samsung Electro-Mechanics will expand its production base in Sejong to enhance global competitiveness in the electronic circuit package substrate industry and maximize product added value.

In the Gyeongsang region, Samsung will foster ▲a next-generation MLCC (Multi Layer Ceramic Capacitor) production base ▲a global smartphone mother factory ▲a high value-added ship production base. Samsung Electro-Mechanics will make focused investments in research to internalize core materials for MLCC and develop Busan into an ‘advanced MLCC specialized area.’ Although Japanese companies currently hold about 60% of the global MLCC market, this investment is expected to expand the influence of Korean companies. Samsung Electronics plans to establish its Gumi plant, which produces 16 million premium flagship smartphones annually including the Galaxy S23 and foldable phones, as a global smartphone mother factory. Samsung SDI will develop Gumi as a specialized production base for advanced materials for semiconductors and displays such as QD, with additional investments planned. Samsung Heavy Industries will contribute to revitalizing the Geoje regional economy by expanding orders focused on high value-added products such as LNG carriers.

In the Honam region, Samsung Electronics plans to expand and reorganize the home appliances produced at its Gwangju plant to focus on premium smart products, fostering it as a ‘global smart home appliance production base.’

Meanwhile, in addition to the 60.1 trillion KRW regional investment, Samsung will contribute to regional industrial revitalization through comprehensive programs supporting local companies, including ▲semiconductor ecosystem development programs ▲technology and financial support ▲local talent development support. A total of 3.6 trillion KRW will be invested in additional win-win programs over the next 10 years.

To strengthen competitiveness and localization of semiconductor equipment and materials, Samsung will expand joint R&D with domestic partner companies (supporting 500 billion KRW over the next 10 years) and increase MPW (multi-project wafer) support for small fabless companies (supporting 500 billion KRW over the next 10 years). Over the next 10 years, 520 billion KRW will be invested to advance smart factories. Priority support will be given to second- and third-tier partner companies, vulnerable industries, and companies in declining regions to solidify local SMEs and contribute to balanced regional development.

Samsung will also establish and operate an 'ESG Fund (worth 1 trillion KRW)' to support SMEs in reducing greenhouse gas emissions and investing in ESG. Additionally, to help address the national water shortage crisis, Samsung plans to share and consult on ‘wastewater reuse technology’ that converts wastewater into industrial water with SMEs located in regional industrial complexes nationwide. To promote balanced regional development, Samsung will establish a new C-Lab base in Gwangju in addition to the ones operating in Seoul and Daegu, and expand business cooperation with local startup companies.

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