Korean Prime Minister: "Attracting 600 Trillion Won Private Investment through Specialized Complexes for Semiconductors and Secondary Batteries"

Two Semiconductors, Four Secondary Batteries, One Display, etc.
"Supporting Early Leap to a Global Innovation Cluster"

Prime Minister Han Duck-soo stated on the 20th regarding the National Advanced Strategic Industry Specialized Complex, "We will ensure that bold private investments exceeding 600 trillion won are made in a timely manner through comprehensive support."

On the same day, Prime Minister Han presided over the '3rd National Advanced Strategic Industry Committee' held at the Government Seoul Office in Jongno-gu in the afternoon, saying, "We are designating the National Advanced Strategic Industry Specialized Complex as a hub for production and innovation in the three major national strategic industries: semiconductors, secondary batteries, and displays."

Prime Minister Han Duck-soo is speaking at the National Advanced Strategic Industry Committee held at the Government Seoul Office on the 20th. Photo by Hyunmin Kim kimhyun81@

He explained, "The government has set securing a super-gap in advanced strategic industries such as semiconductors as the highest priority of state affairs and is concentrating national capabilities. Since confirming the 'Basic Plan for Fostering Advanced Strategic Industries' and 17 advanced strategic technologies at the committee in May, we have been actively promoting key state affairs through measures such as the full-scale implementation of tax support and signing a public-private memorandum of understanding (MOU) for the early groundbreaking of the Yongin Semiconductor National Industrial Complex in 2026."

He continued, "So far, 21 regions including Gyeonggi and Chungcheong have applied to host specialized complexes, and a specialized committee composed mainly of private experts from academia and research institutes conducted in-depth reviews and evaluations on technological super-gap and economic security feasibility, as well as contributions to regional industries. As a result, seven specialized complexes were selected: two for semiconductors, four for secondary batteries, and one for displays."

Prime Minister Han emphasized, "The government will spare no comprehensive support to enable the specialized complexes to rapidly advance into global innovation clusters with overwhelmingly superior manufacturing capabilities worldwide," highlighting △ revolutionary shortening of administrative procedures such as permits and approvals △ elimination of killer regulations △ reliable tax and budget support △ support for infrastructure construction such as water and electricity.

Regarding the five additional specialized complexes designated through the 'Materials, Parts, and Equipment Competitiveness Enhancement Committee' earlier that day, he added, "Together with the National Advanced Strategic Industry Specialized Complex, we will also promote balanced national development and stabilization of supply chains for core materials."

He further stated, "We will promptly proceed with the designation process for specialized complexes in the bioindustry, newly designated as a national strategic industry in May," and added, "We will also steadily promote the cultivation of innovative talent and strengthening of technological capabilities through the designation of specialized universities and the establishment of advanced semiconductor technology centers."

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