'US Trip' Kim Dongyeon Secures 100 Trillion Won in Investments...8 Months Ahead of Schedule

Kim Dongyeon, Governor of Gyeonggi Province, is set to achieve his key pledge of attracting over 100 trillion won in investments during his term.

According to Gyeonggi Province, on the 27th (local time) in Boston, USA, Governor Kim signed investment agreements with two global semiconductor companies, securing 164 billion won. If he succeeds in attracting an additional 500.79 billion won in investments from Paramount and Shinsegae Property for the Hwaseong International Theme Park project on the 28th, the total amount of investments attracted will surpass 100 trillion won.

Prior to this overseas trip, Governor Kim had secured a total of 94.8844 trillion won in investments. With three new investment deals totaling 5.1719 trillion won during this trip, he will exceed his target of 100 trillion won, achieving his '100 trillion+α' investment pledge eight months ahead of schedule.

On this day, at the Exelis headquarters in Boston, Governor Kim met with CEO Russell Low, CFO James Coogan, and Senior Vice President Robert Mahoney, successfully attracting new investments. Exelis is a company that manufactures ion implantation equipment used in the fifth thin-film process (deposition + ion implantation) among the eight major semiconductor processes (wafer, oxidation, photolithography, etching, ion implantation, deposition, wiring, testing). Ion implantation is a key process that gives semiconductors their electrical properties, and Exelis, along with another global company, holds an overwhelming technological advantage, together accounting for 80% of the global market.

Exelis announced its intention to make a large-scale investment to expand the production of ion implantation equipment at the Foreign Investment Zone in Hyeongok, Pyeongtaek.

Kim Dongyeon, Governor of Gyeonggi Province, is talking with Russell Low, CEO of Exelis, and others at an investment attraction meeting at the Exelis headquarters in Boston, USA, on the 27th (local time). Provided by Gyeonggi Province

Governor Kim also signed an investment agreement (MOU) with Entegris to expand existing molybdenum manufacturing facilities in Hwaseong and Pyeongtaek. With this, Gyeonggi Province and Entegris will have the world’s largest production and supply capacity for molybdenum, an advanced semiconductor material. Molybdenum is attracting attention as a next-generation core material, as it is more suitable for advanced processing than the existing tungsten material.

On the 28th (local time), Governor Kim will meet with Marie Marks, Senior Executive at Paramount, and Lee Imyong, CSR Executive Director at Shinsegae Property, to discuss development plans for the Hwaseong International Theme Park. At this meeting, Gyeonggi Province, Paramount, and others plan to sign an agreement to increase the total project cost from the original 4.5 trillion won to 9.5 trillion won, securing an additional investment of 500.79 billion won.

Paramount is a major media and entertainment group, which includes Paramount Pictures-one of Hollywood’s five major film studios-and CBS, among many other channels.

The Hwaseong International Theme Park is being developed by Shinsegae Hwaseong Co., Ltd. (a joint venture of Shinsegae Property and Shinsegae Construction), introducing Paramount’s brands and characters. The park will be built on approximately 4.23 square kilometers in Songsan Green City, Namyang-eup, Hwaseong City. Construction is scheduled to begin in the second half of 2026, with the first phase opening in 2030, followed by phased development over the next 20 years.

Kang Minseok, spokesperson for Gyeonggi Province, commented on the achievement of the 100 trillion won investment milestone, saying, "This proves that Gyeonggi Province is growing as an international hub for the innovation economy and is expected to create high-quality jobs for residents."

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