South Korea’s Ministry of Land, Infrastructure, and Transport has approved and designated the Yongin Semiconductor National Industrial Complex as a national industrial hub. The approval comes three months ahead of schedule and is now set to begin in December 2026 with its first fabrication facility expected to be operational by 2030.
The new semiconductor complex will span nearly 7.28 million square meters and will host six state-of-the-art semiconductor fabs, three power plants and over 60 small and medium-sized suppliers specializing in materials and components. This strategic initiative, with a total private investment of 360 trillion won ($246.4 billion), is projected to generate 1.6 million jobs and create an economic value of 400 trillion won.
Samsung Electronics, which already operates chip facilities in the Yongin region, has signed a proactive residency agreement. Rival SK hynix has also announced plans to invest in the hub, reinforcing the area’s strategic importance in the global semiconductor market.
The government has prioritized removing zoning barriers, such as Pyeongtaek’s water supply protection restrictions, to enable the project’s rapid progress. It has also pledged significant infrastructure investments, including roads, railways, and utilities, to meet the expected surge in workforce and logistics demand. A residential town accommodating 16,000 households, alongside parks and essential amenities, will further support the hub’s ecosystem.
Minister of Land, Infrastructure, and Transport, Park Sang-woo, emphasized the government’s dedication to transforming the Yongin complex into a landmark industrial zone. He said that the government will continue to expedite the process.
As part of its broader strategy, the government plans to implement swift compensation measures to minimize construction delays and ensure seamless site preparation, aligning with advanced technological requirements for the fabs. This ambitious project underscores South Korea’s determination to cement its position as a global semiconductor powerhouse by 2030.
