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🇰🇷 South Korea /Technology

Gwangju military airport site chosen for semiconductor complex

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • South Korea's government has decided to establish a semiconductor industrial complex on the site of the Gwangju military airport.
  • President Lee Jae-myung emphasized the need for speed in administrative procedures to facilitate investment.
  • The chosen site offers advantages in terms of land availability, existing flat terrain, and proximity to urban centers and transportation networks.

South Korea's government has selected the site of the Gwangju military airport as the location for a new semiconductor industrial complex in the Honam region. The decision, announced after a joint government-private review meeting on mega-projects, aims to accelerate investment in the crucial semiconductor sector.

Administrative procedure delays must never cause investment execution to lag.

— President Lee Jae-myungEmphasizing the need for speed in administrative processes for the semiconductor industrial complex.

President Lee Jae-myung stressed the urgency of the project, stating, "Administrative procedure delays must never cause investment execution to lag." He highlighted that companies found the Gwangju military airport site to be the most suitable among potential locations in the Honam region. The site spans approximately 2.5 million pyeong (about 8.26 million square meters) and benefits from pre-leveled terrain due to its airport function, which is expected to minimize construction time.

Companies proposed the Gwangju military airport as the most suitable site among Honam region locations.

— Kang Hoon-sikPresidential Secretary for Political Affairs, announcing the decision on the semiconductor complex location.

Further advantages of the Gwangju military airport location include its proximity to Gwangju city and KTX high-speed rail stations, facilitating workforce recruitment and improving living conditions. Its connectivity to roads, airports, and ports also offers excellent logistical access, according to reviews. This decision comes just a week after President Lee announced an 896 trillion won investment in the Honam semiconductor complex.

The Gwangju military airport area can secure a site of about 2.5 million pyeong, and due to the nature of the airport, it is already leveled, minimizing construction time.

— Kang Hoon-sikExplaining the advantages of the chosen site for the semiconductor complex.

President Lee also urged swift progress on the Yongin semiconductor complex, aiming for faster execution of planned fab investments. He pledged maximum government support, emphasizing "speed is the only thing that matters" and that the central government must anticipate and preemptively resolve all potential obstacles so companies can focus solely on investment and production.

Speed is the only thing that matters.

— President Lee Jae-myungHighlighting the critical importance of rapid execution for major projects.
DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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