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🇰🇷 South Korea /Technology

Min Hyung-bae Visits Semiconductor Factory Sites, Accelerating Attraction Efforts

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • Min Hyung-bae, the new mayor of the integrated Jeonnam-Gwangju Special City, is accelerating efforts to attract semiconductor factories.
  • He visited potential sites within Gwangju, including the Gwangju Military Airport, and plans to inspect sites in Jeonnam province.
  • The mayor has prioritized semiconductor industry development since taking office, focusing on securing essential resources like water and power.

Min Hyung-bae, the newly inaugurated mayor of the integrated Jeonnam-Gwangju Special City, is aggressively pursuing the attraction of major semiconductor factories, signaling a rapid pace for the region's industrial development. His administration has made securing a significant semiconductor presence a top priority from day one.

Mayor Min's intensive schedule includes visiting potential factory sites. On the 3rd, he inspected locations within Gwangju that are being considered, such as the Gwangju Military Airport (covering 2.48 million pyeong), the Gwangju Future Car National Industrial Complex (1.02 million pyeong), and the Gwangju R&D Special Zone Advanced District 3 (1.02 million pyeong). These sites were among the seven identified by the Ministry of Land, Infrastructure and Transport as potential locations for advanced industries in the southwestern region.

We must break ground within six months.

— Min Hyung-baeMayor of Jeonnam-Gwangju Special City, discussing the timeline for semiconductor fab construction.

Since taking office, Mayor Min has focused heavily on semiconductor-related initiatives. His first official directive was to ensure support for the semiconductor sector, and he has established a Semiconductor Strategy Committee. The Special City Council also moved quickly, passing a bill on its first plenary session to support global semiconductor strategic investments.

To ensure the necessary infrastructure is in place, Mayor Min visited key utility providers. On his second day in office, he met with Korea Electric Power Corporation (KEPCO) regarding power supply and the Korea Water Resources Corporation (K-water) for water management, demonstrating a commitment to securing these essential resources without disruption. He has stated that the semiconductor fab construction should commence within six months and that site selection will prioritize areas requiring minimal preliminary procedures and meeting corporate demands.

The site selection will likely prioritize locations that do not require extensive preliminary procedures and can meet the companies' demands.

— Min Hyung-baeMayor of Jeonnam-Gwangju Special City, outlining criteria for choosing a semiconductor fab location.
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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