Accelerating the ‘Yongin Semiconductor National Industrial Complex’… Construction to Begin in December 2026

[Summary] The industrial complex plan for the Yongin Semiconductor National Industrial Complex, which will see a private investment of 360 trillion won, has been approved three months earlier than originally planned. The government aims to begin compensation procedures next year, with construction starting by December 2026, moving it up from the original June 2030 target. The first residents can move into the complex by 2030, when the first fab is operational. Infrastructure such as roads and water supply will be developed to support this. The Ministry of Land, Infrastructure, and Transport announced the designation of the complex after approval, with agreements being signed between related institutions and businesses. The complex will house large-scale semiconductor manufacturing facilities, power plants, and over 60 supporting companies on 7.28 million square meters of land. The effort aims to offset private investment concerns due to political uncertainties. The government’s expedited approach includes a coordinated effort to clear regulations and provide necessary infrastructure. The announcement also includes special plans to speed up the complex’s creation, emphasizing the need to move quickly due to the nature of the semiconductor industry “time is subsidy.” The plan includes measures to compensate and relocate existing residents and businesses to facilitate faster construction. The complex is designed to be a specialized industrial city that supports semiconductor industry needs while enhancing livability with housing and cultural amenities.