Tokyo Electron Korea Confirms Move to Wonsam General Industrial Complex in Yongin

Yongin City Approves Industrial Complex Plan Changes Including R&D Center Construction

Global semiconductor equipment company Tokyo Electron (TEL)'s Korean subsidiary has been confirmed to move into the 'Yongin Wonsam General Industrial Complex' located in Jukneung-ri, Wonsam-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do.

Yongin City announced on the 24th that it recently approved the plan change for the Wonsam Industrial Complex submitted by Tokyo Electron Korea, the Korean subsidiary of Tokyo Electron.

Location map of Yongsam General Industrial Complex in Yongin, where Tokyo Electron Korea is scheduled to move in. [Image source=Yongin City]

In 2023, TEL ranked 4th worldwide and 1st in Asia in terms of sales revenue among semiconductor manufacturing equipment companies. Earlier, TEL Korea applied to Yongin City in March for approval of a plan change for the Wonsam Industrial Complex, which included the construction of a development building for a research and development (R&D) center and changes in business type.

The city plans to actively support TEL Korea to ensure that administrative procedures such as lease contracts, factory registration, and building permits proceed swiftly for the smooth relocation of its headquarters.

The Wonsam Industrial Complex will be developed on a total area of 108,919㎡. Along with TEL Korea, numerous semiconductor-related companies are expected to move into the complex. The city anticipates that the Wonsam Industrial Complex will establish a large-scale semiconductor industry ecosystem together with the nearby 'Advanced System Semiconductor Cluster National Industrial Complex' in Idong and Namsa-eup and the 'Yongin Semiconductor Cluster' in Wonsam-myeon.

A city official stated, "Yongin City is focusing its capabilities on various administrative supports and road infrastructure development to leap forward as the central city of the semiconductor industry mega cluster," adding, "The Wonsam Industrial Complex has excellent accessibility to surrounding semiconductor clusters, which is expected to create synergy effects for related industries."

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