Gyeongnam Governor Park Wan-su Promises Interest and Support for Semiconductor Company Haesung DS

Park Wan-su, Governor of Gyeongnam Province, visited Haesung DS located in Seongsan-gu, Changwon City on the 3rd.

According to Gyeongnam Province, Haesung DS is recognized as a representative company of Gyeongnam that produces the only large-scale semiconductor lead frames in Korea at the Changwon Industrial Complex.

Lead frames refer to a core material made of nickel-iron alloy or copper alloy that simultaneously serves as a lead connecting semiconductor chips to external circuits and as a frame that secures semiconductor packages to electronic circuit boards.

Gyeongnam Governor Park Wan-su is visiting semiconductor company Haesung DS in the province to express gratitude and encouragement to the employees for their hard work.
[Photo by Gyeongnam Provincial Government]

In response to the global surge in semiconductor demand, Haesung DS signed an investment agreement with Gyeongnam Province and Changwon City in March last year to expand its Changwon plant, began construction in July, and is scheduled to complete it in the first half of 2025.

Since the groundbreaking, 388 billion KRW will be invested over three years in constructing the semiconductor core parts production building and installing state-of-the-art production facilities.

The province expects that once the plant expansion is completed, it will respond to the rapid increase in demand for automotive semiconductors and strengthen competitiveness in memory semiconductor substrates, transforming Haesung DS into a leading semiconductor specialized company representing Gyeongnam.

Governor Park Wansu of Gyeongnam Province (center) and employees of Haesung DS are taking a commemorative photo. [Photo by Gyeongnam Provincial Government]

Governor Park shared lunch with employees, listened to the difficulties faced by on-site workers, and expressed gratitude and encouragement for their efforts in the industrial field.

At the meeting with Governor Park, CEO Cho Byung-hak said, “We are continuously pursuing new investments in line with the rapid growth of the semiconductor market,” and added, “We ask the government and local governments to take an interest in and support corporate investment and management activities to revitalize the semiconductor industry.”

In response, Governor Park said, “Proper support must back corporate growth and advancement,” and “I will strive to draw active interest and support from the Ministry of Trade, Industry and Energy for the semiconductor industry in Gyeongnam.”

Regarding employees’ requests to secure parking spaces within the industrial complex, he said, “The province will actively take interest so that workers can work in better environments.”

Gyeongnam Province is focusing on attracting corporate investment and revitalizing investment to recover the local economy, expanding investment attraction organizations, strengthening support systems, actively responding to corporate difficulties, and plans to secure future growth engines for the province through strategic investment attraction activities.

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