Icheon City Signs 15 Billion Won Investment Agreement with Semiconductor Equipment Leader Youngjin IND

Full Administrative Support for Expansion of Scrubber Equipment Production Facility
Kim Kyunghee: "We Will Provide Prompt Administrative Services for Stable Corporate Investment"

Icheon City in Gyeonggi Province (Mayor Kim Kyunghee) has further solidified its position as a "semiconductor-specialized city" by attracting an investment of 15 billion won from Youngjin IND Co., Ltd., a core semiconductor equipment company.

Kim Kyunghee, Mayor of Icheon, is signing an investment business support agreement for factory expansion with Youngjin IND Co., Ltd. on the 21st. Provided by Icheon City

On April 21, Icheon City announced that it had signed an investment support agreement with Youngjin IND Co., Ltd. for the expansion of its factory and would provide comprehensive administrative support to facilitate the company's business activities.

Youngjin IND Co., Ltd. manufactures scrubber equipment essential for semiconductor processes and has maintained competitiveness in the semiconductor equipment sector through continuous technological development.

Icheon City and Youngjin IND Co., Ltd. have supported participation in various semiconductor expos, including Semiconductor Korea, as part of the 2024 semiconductor company development project. They have also promoted the development of new semiconductor products and consortium technologies through the Ceramic Technology Institute’s materials, parts, and equipment business support programs.

This ongoing partnership has positively influenced the company's investment decision. With this investment, Youngjin IND Co., Ltd. plans to invest a total of 15 billion won to expand its existing headquarters in Icheon by 3,246 square meters of building space and aims to create 57 new jobs as a result.

Bae Geunhan, CEO of Youngjin IND Co., Ltd., stated, "As a company that has taken root and grown together with Icheon, we will strive to further strengthen Icheon City's competitiveness in the semiconductor industry and pursue mutual growth with the city."

Kim Kyunghee, Mayor of Icheon City, expressed a strong commitment to attracting investment, saying, "We will spare no effort to provide prompt and thorough administrative support so that companies can invest and grow stably within the city."

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