South Korea's Ministry of Land, Infrastructure and Transport designated approximately 2.5 million pyeong at the Gwangju Military Airport site as a candidate location for the Honam region semiconductor national industrial complex on the 29th. The designation followed deliberation and resolution by the Industrial Site Policy Council, composed of relevant ministries and private sector experts. The Ministry of Trade, Industry and Energy requested the national industrial complex designation considering demand from Samsung Electronics and SK Hynix, with the 2.5 million pyeong military airport site prioritized based on the two companies' requirements. The ministry stated it will develop the industrial complex into an industrial ecosystem where partner companies and research institutions can cluster and grow together.
Ministry Approves Site Through Industrial Policy Council
The Ministry of Land, Infrastructure and Transport made the designation decision on the 29th after deliberation and resolution by the Industrial Site Policy Council. The council consists of relevant government ministries and private sector experts. The Ministry of Trade, Industry and Energy requested the national industrial complex designation after considering the demand from Samsung Electronics and SK Hynix. The 2.5 million pyeong military airport site received priority designation based on the two companies' requirements.
Government Plans Ecosystem Development and Site Expansion Review
The ministry stated it will create an industrial ecosystem where partner companies and research institutions can cluster and grow together. The government plans to organically connect housing, education, and transportation preferred by companies and workers to create an advanced city. The Ministry of Land, Infrastructure and Transport stated it will swiftly review additional expansion of the candidate site to develop it into a national industrial complex. The ministry added it will review and specify the plan within a short period.
First Vice Minister of Land, Infrastructure and Transport Kim Yi-tak stated that the designation of the 2.5 million pyeong candidate site is the first step and official starting point for creating the Honam region semiconductor national industrial complex. Kim stated the government plans to sufficiently incorporate not only the anchor companies' actual demand sites, but also an industrial ecosystem where partner companies can grow together, along with residential and cultural functions.
FAQ
What did South Korea's Ministry of Land designate on the 29th?
The Ministry of Land, Infrastructure and Transport designated approximately 2.5 million pyeong at the Gwangju Military Airport site as a candidate location for the Honam region semiconductor national industrial complex on the 29th, following Industrial Site Policy Council deliberation.
Why did the government designate this specific site?
The Ministry of Trade, Industry and Energy requested the designation considering demand from Samsung Electronics and SK Hynix, with the 2.5 million pyeong military airport site prioritized based on the two companies' requirements.
