Yongin Semiconductor Industrial Complex to Begin Construction by Late 2026 and Start Factory Operations in 2030

Yongin Semiconductor Industrial Complex Designation Shortened by 3 Months
Compensation to Begin Next Year, Construction to Start by End of 2026

16,000 Relocation Housing Units to Be Built... Move-in by 2030

The government will begin construction of the Yongin National Industrial Complex, the world's largest semiconductor industrial complex, by the end of 2026. Accordingly, the first semiconductor manufacturing plant (Fab) is scheduled to start operation in 2030.

On the 26th, the Ministry of Land, Infrastructure and Transport announced that the Yongin Semiconductor National Industrial Complex has been designated as a national industrial complex following the approval of the industrial complex plan. At 10 a.m. that day, at the 'Samsung Electronics Giheung Campus' in Giheung-gu, Yongin-si, Gyeonggi Province, the Ministry of Land, Infrastructure and Transport, Yongin City, and others participated in a signing ceremony of an implementation agreement between the project executor Korea Land and Housing Corporation (LH) and the tenant company Samsung Electronics, and also announced a specialized development plan for the complex.

The Yongin complex is a large-scale national strategic project on a 7.28 million square meter site, housing six large-scale fabs, three power plants, and more than 60 material, parts, and equipment partner companies. Up to 360 trillion KRW of private investment is expected by the completion of the entire complex, generating employment for 1.6 million people and inducing production effects worth 400 trillion KRW.

The Ministry of Land, Infrastructure and Transport shortened the designation period by three months to this month from the originally scheduled March next year through a cross-government collaboration system. Typically, the designation period for an industrial complex takes more than four years, but in the case of the Yongin complex, designation was completed in just one year and nine months.

With the approval schedule shortened, construction of the complex will begin at the end of 2026. Subsequently, the first Fab will start operation in 2030.

The specialized development plan announced that day includes measures to accelerate the complex’s development, including compensation plans. To this end, the Ministry of Land, Infrastructure and Transport will strengthen the functions of a public-private cooperation council composed of original residents, relocating companies, Gyeonggi Province, Yongin City, and LH to establish a close communication system. Since the fabs to be built in the complex will have production capacity 1.5 times greater than existing facilities, compensation will be expedited.

To shorten the time until groundbreaking, the Ministry decided to build a 370,000 square meter relocation residential site near Changri Reservoir in the southwest of the complex as compensation for original residents and relocating companies. For tenant households that do not receive relocation residential sites, public rental housing near the complex will be provided. In the northwest, a 500,000 square meter exclusive industrial complex for relocating companies will be created. Since the fabs to be built in the complex will have production capacity 1.5 times greater than existing facilities, compensation will be expedited to proceed with the project.

If original residents prefer to receive neighborhood living facility land instead of cash compensation, resettlement support will be provided through the expanded implementation of land-for-land compensation. Additionally, the Ministry will promote entrusting projects ordered by LH to original resident organizations and recommend resident employment to tenant companies within the complex.

The Ministry of Land, Infrastructure and Transport plans to develop the Yongin complex and the adjacent residential area, Yongin Idong-eup Idong Public Housing District, into an 'industry-centered complex city.' A total of 16,000 housing units will be built on 2.29 million square meters of the public housing district. The first move-in is scheduled for 2030, when the first Fab begins operation. A complex cultural space will also be created around waterfront areas adjacent to the complex.

In addition, the specialized development plan includes expansion of transportation infrastructure, such as the relocation and expansion of National Road No. 45 within the complex, which is scheduled to open by 2030. A grid-shaped highway network will be established centered on the complex, and connecting railway networks such as the Gyeonggang Line will be constructed to improve commuting convenience for residents. The Seoul-Sejong Expressway and the Semiconductor Expressway will also be built on schedule.

Meanwhile, the implementation agreement between LH and Samsung Electronics specifies details such as the land sale contract price, payment methods and timing, and the contract signing date. This is a follow-up agreement to the 'Basic and Tenant Agreement for the Successful Promotion of the Yongin Complex' signed in June last year. Through this agreement, tenant companies’ investments will be fully activated.

Park Sang-woo, Minister of Land, Infrastructure and Transport, said, "The early designation of the Yongin Semiconductor National Industrial Complex is an important achievement that marks a milestone in the history of Korea’s semiconductor industry," adding, "We will swiftly and steadily develop the Yongin National Industrial Complex and nurture it into a 'landmark industrial complex' of Korea."

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