Industry Minister Announces 800 Trillion Won Investment for Semiconductor Hub in Southwest, 81 Trillion Won for Chungcheong Region

The government is pushing forward with three major mega-projects, including investments of 800 trillion won in the southwest region and 81 trillion won in the Chungcheong region, to lead a great leap forward for South Korea.
Minister of Trade, Industry and Energy Kim Jeong-gwan announced the plans at the National Report Meeting on the Three Major Mega-Projects for South Korea's Great Leap Forward, held at the Blue House on June 29.
He stated, "We will develop the southwest region into a second semiconductor production base," adding, "We will build four memory fabs through corporate investments totaling 800 trillion won."
The presentation materials released by Minister Kim also included plans to invest 81 trillion won in the Chungcheong region to foster it as a hub for semiconductor packaging.
He elaborated, "In the Chungcheong region, we will foster an advanced packaging hub to meet the growing demand for packaging that will follow the expansion of semiconductor production capacity," and added, "We will develop the southeast and Daegu-Gyeongbuk regions into supply chain hubs for semiconductor materials, parts, and equipment, and advance them into innovation hubs for next-generation power and semiconductors."
Minister Kim also emphasized the importance of leading the next-generation semiconductor competition, stating, "We will invest 30 trillion won over 15 years to support the entire cycle from R&D and design to verification and manufacturing."
(Photo: Blue House Photo Press Corps, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.