On the 25th, construction companies based in Gwangju and South Jeolla Province hit the daily upper limit on news that Samsung Electronics and SK hynix could move to invest in semiconductors in the Honam region.

Construction site of the Samsung Electronics semiconductor plant in Taylor, Texas, U.S. The photo is unrelated to the article. /Courtesy of Samsung Electronics.

As of 10:02 a.m. that day on the KOSDAQ market, Kumho E&C was trading at 6,290 won, up 1,445 won (29.82%) from the previous session. Namhwa Construction was also trading at 7,770 won, up 1,790 won (29.93%).

As reports continued that a semiconductor plant could be built in the Honam region, buying sentiment appears to have flocked to local construction stocks.

The two companies are reportedly reviewing plans to build memory semiconductor production lines (front-end process), advanced packaging (back-end process), and AI data centers at a semiconductor cluster to be created in the Honam area. The investment is said to total hundreds of trillions of won.

Kumho E&C and Namhwa Construction are the only listed construction firms headquartered in Gwangju and South Jeolla Province. Jungheung Construction and Hoban Construction are unlisted.

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