"Yongin Semiconductor Cluster Power Supply Prepared Without Disruption"
The government is steadily preparing a stable power supply plan to ensure the successful establishment of the Yongin Semiconductor Cluster. To reliably supply the large-scale power demand resulting from the cluster development, new power generation facilities will be established, and the long-distance transmission network will also be reinforced.
On the 7th, the Ministry of Trade, Industry and Energy announced that it held a meeting to discuss the power supply plan for the semiconductor cluster. At the meeting chaired by Minister Lee Chang-yang, the ministry shared the preparation status for supplying additional power needed from 2029 due to new developments such as the Yongin Semiconductor Cluster, in addition to existing demand. Opinions from the Ministry of Land, Infrastructure and Transport, Yongin City, Korea Electric Power Corporation (KEPCO), Korea Land & Housing Corporation (LH), Samsung Electronics, and SK Hynix were also gathered.
The Yongin Semiconductor Cluster is expected to sequentially host the world's largest advanced semiconductor production facilities and over 200 semiconductor fabless, materials, components, equipment, and related companies. Accordingly, by 2050, when the industrial complex development and corporate investments are completed, power demand is expected to exceed 10GW. This accounts for about one-quarter of the current power demand in the Seoul metropolitan area.
Considering that reinforcing the transmission network may take a long time, the government plans to prioritize establishing power generation capacity to quickly supply the power needed in the early stages of the industrial complex development, and subsequently reinforce the long-distance transmission network to respond to the gradually increasing power demand.
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Since the semiconductor cluster construction plan was announced in March, the Ministry of Trade, Industry and Energy has formed a semiconductor cluster power supply task force from April to prepare the power supply plan for the cluster. At the meeting, Minister Lee emphasized, “Stable power supply is a key factor for the success of the semiconductor cluster,” and stated, “We will announce a detailed semiconductor cluster power supply roadmap early after thorough review.”
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