Pyeongtaek Mayor Choi Won-yong visited Samsung Electronics' Pyeongtaek Campus, a key hub of the local economy, to discuss measures to foster the semiconductor industry.
According to the city of Pyeongtaek on the 10th, the visit made the previous day was arranged to strengthen administrative support for Samsung Electronics, a leader in the global semiconductor market, and to fully develop Pyeongtaek's semiconductor materials, parts and equipment industry ecosystem.
Samsung Electronics is currently building the world's largest semiconductor production base, spanning a total of 870,000 pyeong, including P1 through P4 in Complex 1 and P5 FAB1 and P5 FAB2 in Complex 2 of the Pyeongtaek Campus. P5 FAB1, whose construction was officially confirmed late last year, is being built with a target of beginning operations in 2028.
At a meeting with company officials, Mayor Choi presented two key cooperation measures. The first is seamless, customized administrative support. "The semiconductor industry lives and dies by timing and speed," Choi said. "We will further strengthen the existing administrative support system so that large-scale investments can be carried out at the right time."
He stressed, "We will work closely with the central government and Gyeonggi Province to preemptively coordinate complex administrative procedures such as permits."
The second is the creation of a Pyeongtaek-style semiconductor materials, parts and equipment ecosystem. "Samsung Electronics' growth should not remain the leap of a single company," Choi said. "We must create a virtuous industrial cycle that leads to strengthening the competitiveness of local materials, parts and equipment partner companies and innovative startups."
He added, "We will spare no support in building an ecosystem in which large corporations and small and medium-sized partner companies coexist."
Meanwhile, in line with the launch of the ninth popularly elected local government, the city of Pyeongtaek is pursuing the fostering of a Pyeongtaek-style semiconductor materials, parts and equipment industry ecosystem as a core municipal task. Based on an ordinance and comprehensive plan to support the development of the semiconductor industry, the city plans to support the technological advancement of local materials, parts and equipment companies and to accelerate the creation of a sustainable global semiconductor hub city.
