Mayor Yoo Jeong-bok: "Incheon is the optimal site for the semiconductor specialized complex"... Designation in the first half of this year

In anticipation of the government's designation of a semiconductor specialized complex in the first half of this year, Incheon City is putting all its efforts into attracting the project.

On the 18th, Yoo Jeong-bok, Mayor of Incheon, attended the National Advanced Strategic Industry Specialized Complex Promotion Strategy Presentation held at Seoul Square, actively introducing Incheon's competitiveness and strengths to the judging panel.

Mayor Yoo emphasized, "Incheon has the optimal conditions with an international airport, port, and excellent semiconductor companies, and is fully prepared," adding, "We will successfully establish an advanced packaging cluster to lead the domestic semiconductor industry."

The Ministry of Trade, Industry and Energy is conducting a public contest procedure aiming to designate the National Advanced Strategic Industry Specialized Complex in the first half of the year, and Incheon City submitted its application and development plan for the semiconductor specialized complex in February.

If designated as a semiconductor specialized complex, it will receive various government supports such as infrastructure development, workforce training, expedited permits, and tax benefits.

Incheon Mayor Yoo Jung-bok is encouraging the officials attending the National Advanced Strategic Industry Specialized Complex Promotion Strategy Presentation held at Seoul Square on the 18th and taking a commemorative photo.
[Photo by Incheon City]

Incheon City is promoting itself as the optimal location with a semiconductor ecosystem including industrial complexes, aviation and logistics, Incheon Free Economic Zone, and global companies to attract the specialized complex.

Currently, Incheon hosts 1,299 semiconductor-related companies, including Amkor Korea and STATS ChipPAC Korea, the world’s 2nd and 3rd largest companies in semiconductor back-end processes (packaging and testing), as well as global semiconductor equipment companies like Hanmi Semiconductor.

Since 2016, semiconductors have firmly held the top spot in Incheon’s export items. Last year, Incheon’s semiconductor export volume reached $16.8 billion, accounting for 30.9% of Incheon’s exports. Approximately 32% ($16.4 billion) of South Korea’s total system semiconductor exports ($50.68 billion) are exported from Incheon.

To foster the semiconductor specialized complex, Incheon plans to create a national advanced industrial complex in Yeongjong International City as a global entry base for next-generation semiconductor packaging companies and establish a global business center to support companies and workers. So far, 136 companies have expressed their intention to move into the specialized complex.

Additionally, the city plans to establish a semiconductor advanced packaging convergence research institute in Songdo International City to serve as a hub for research and development and workforce training, and to build a semiconductor advanced packaging technology support center in Namdong National Industrial Complex to nurture small and medium-sized enterprises.

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