Investment Hotspot 'Gumi' Captivates Overseas Semiconductor Companies

Materials, Parts, and Equipment Companies Visit Gumi Industrial Complex

Foreign Investors Satisfied with Gumi Industrial Complex's Excellent Investment Environment

Gumi City in Gyeongbuk is attracting significant attention from foreign-invested companies, and on the 30th, 15 representatives and investment officers from advanced semiconductor materials, parts, and equipment companies overseas visited Gumi City.

On the 30th, Mayor Kim Jang-ho is taking a commemorative photo with representatives and investment officers from advanced materials, components, and equipment companies in the semiconductor sector who visited Gumi City.

This visit was organized as part of the ‘Invitation Project for Overseas Advanced Materials, Parts, and Equipment Entrepreneurs from Japan, the United States, and other countries,’ hosted by the Korea Investment Institution Association for Materials, Parts, and Equipment (KITIA), an organization under the Ministry of Trade, Industry and Energy.

During their visit to Korea, the delegation investigated Gumi City's investment environment and inspected industrial complexes, drawing considerable attention as Gumi is increasingly mentioned as a strong candidate for future investments in Korea.

In particular, the visiting investors showed great interest in major semiconductor companies actively operating within the Gumi National Industrial Complex, such as SK Siltron, LG Innotek, MagnaChip, KEC, Wonik QnC, and LB Lucem, as well as the Gumi semiconductor specialized complex.

They directly confirmed the excellence of Gumi's investment environment at the Gumi National Industrial Complex, home to over 40 foreign-invested companies, and visited semiconductor materials, parts, and equipment companies like Wonik QnC and Daejin Machinery to experience the technological capabilities of Gumi’s semiconductor firms and assess the potential for successful future investments.

Currently, 344 semiconductor-related companies operate in Gumi City. With its designation as a semiconductor specialized complex, it offers various tax benefits and regulatory relaxations, along with essential industrial infrastructure for semiconductor production. Additionally, Gumi provides excellent locational advantages, such as being only 10 km in a straight line from Daegu-Gyeongbuk New Airport, and offers diverse support measures for semiconductor companies.

On the 23rd, Toray Advanced Materials, a foreign-invested company, held a groundbreaking ceremony for the 13th and 14th IT film production lines at Gumi Plant 5 and the 2nd aramid fiber production line at Gumi Plant 1. This is part of the 500 billion KRW investment memorandum of understanding (MOU) signed on May 22 in Seoul by the Ministry of Trade, Industry and Energy, Gyeongbuk Province, Toray, and Toray Advanced Materials.

Meanwhile, Chinese foreign-invested semiconductor companies are also preparing large-scale factory investments, including significant employment, in the Gumi National Industrial Complex, indicating active ongoing foreign investment.

Gumi City plans to continue improving residential environments such as transportation, education, and culture to create local jobs and expand foreign investment attraction. Furthermore, it will actively promote investment attraction activities targeting key companies through dispatching overseas investment delegations and holding investment environment briefings, while ensuring thorough aftercare and grievance handling for foreign-invested companies within the city to become an ideal city for investment.

At the Gumi City investment environment briefing held at the Gumi Electronics and Information Technology Institute for the visiting delegation, Mayor Kim Jang-ho emphasized, “Gumi City’s perfect investment infrastructure, including the semiconductor specialized complex, defense innovation cluster, and designation as an opportunity development special zone, along with unprecedented incentive support, will serve as a catalyst for advanced materials, parts, and equipment companies,” encouraging the delegation to invest in Gumi.

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