Yongin City and Samsung Electronics Sign Business Agreement to Establish 'Future Research Complex'

20 Trillion Won Investment in 109,000㎡ at Giheung Campus

On the 7th, Yongin City in Gyeonggi Province signed a business agreement with Samsung Electronics to successfully establish the 'Future Research Complex' within the Samsung Electronics Giheung Campus, designated as a national advanced strategic industry specialized complex.

At the business agreement ceremony for the establishment of the 'Future Research Complex' at Samsung Electronics Giheung Campus, Choi Eun-yong, Head of Semiconductor Division 1 of Yongin City (from the left), Lee Sang-il, Mayor of Yongin, Song Jae-hyuk, Chief Technology Officer (CTO) of Samsung Electronics DS Division, and Eom Jae-hoon, Head of External Cooperation Team of Samsung Electronics DS Division, are holding up the agreement document.
[Photo by Yongin City]

According to the agreement, Samsung Electronics plans to invest 20 trillion won to develop the 'Future Research Complex' on a 109,000㎡ site within the Giheung Campus (1,225,000㎡) in Nongseo-dong, Giheung-gu, Yongin. Yongin City will support various administrative procedures and infrastructure expansion such as roads necessary for the development of the Future Research Complex.

The Future Research Complex will serve as a core base leading Samsung Electronics' semiconductor technology innovation. The complex will include research buildings for memory semiconductors and system semiconductors, as well as an R&D FAB for semiconductor research and testing.

Previously, in July, the Future Research Complex was designated as a national advanced strategic industry specialized complex in the semiconductor sector, along with the Yongin Advanced System Semiconductor National Industrial Complex (Idong and Namsa-eup) and the Yongin Semiconductor Cluster (Wonsam-myeon).

About ten officials attended the agreement ceremony, including Lee Sang-il, Mayor of Yongin, Song Jae-hyuk, Chief Technology Officer (CTO) and President of Samsung Electronics DS Division, and Eom Jae-hoon, Vice President and Head of External Cooperation Team of Samsung Electronics DS Division.

At the business agreement ceremony, Mayor Lee Sang-il of Yongin said, “Semiconductors are the 'rice of industry' and a crucial industry that determines the nation's future competitiveness. The city will actively support the successful establishment of the Future Research Complex and strive to expand various roads and infrastructure.”

President Song Jae-hyuk said, “With the determination to serve the nation's future and many who need semiconductors, we will work hard for the successful establishment of the Future Research Complex.”

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