The industrial complex plan for the Yongin National Industrial Complex received approval three months ahead of schedule.
The Ministry of Land, Infrastructure and Transport announced on the 26th that it has completed the approval of the industrial complex plan for the Yongin semiconductor national industrial complex and designated it as a national industrial complex.
On the same day at 10 a.m., the Ministry of Land, Infrastructure and Transport held an event at the Samsung Electronics Giheung campus where agreement was reached between the project implementer and the tenant corporation, and plans were announced for specialized development of the Yongin semiconductor national industrial complex.
The Yongin semiconductor national industrial complex is a large-scale national strategic project covering an area of 7.28 million square meters, which will house six large-scale fabrication facilities and three power plants, along with over 60 partner corporations in the materials and components sector. When the entire complex is completed, private investments are expected to reach up to 360 trillion won, generating 1.6 million jobs and creating a production value of 400 trillion won.
The government has launched initiatives to quickly establish a collaborative system across ministries to alleviate zoning regulations and supply large-scale infrastructure. As a result, it achieved the goal of designating the national industrial complex, initially targeted for March of next year, three months earlier by completing it in December this year.
After selecting a new candidate site for the national industrial complex in March of last year, the Korea Land and Housing Corporation (LH) was chosen as the project implementer in April, and a proactive residency agreement was reached with the tenant corporation (Samsung Electronics) in June, clarifying the project entity. Subsequently, through exemptions from public institution evaluations and various impact assessments last November, the designation of the industrial complex was accelerated.
The industrial complex site was initially a location where factory establishment was impossible due to zoning regulations like the Pyeongtaek water supply protection area. However, in April of this year, a series of zoning regulation alleviation procedures were completed in line with the designation of the national industrial complex, coordinating opinions among agencies based on the cooperative agreement.
To align with the first operation of Fab No. 1 at the Yongin national industrial complex in 2030, plans will be implemented to swiftly supply road, water, and power infrastructure while maintaining a cooperative system among related agencies.
The Ministry of Land, Infrastructure and Transport plans to shorten the construction start time for the national industrial complex through reasonable and swift compensation starting next year. The Fab being established at the Yongin industrial complex reflects advanced industrial technology and has a higher degree of business difficulty due to enhanced production capacity compared to existing facilities. The priority will be set to reduce compensation and site construction time to a level acceptable for local residents and relocating corporations.
To provide a new foundation and home for local residents and relocating corporations, a 270-household (370,000 square meter) relocation site will be developed in the area surrounding the Changri Reservoir to the southwest of the industrial complex. To the northwest, a 500,000 square meter exclusive industrial complex for relocating corporations will be established to support hope of entry without industry restrictions.
Measures will be taken to facilitate the activation of business delegation by residents' groups for LH-ordered projects and to recommend employment of local residents to new tenant corporations in the national industrial complex, thereby supporting revenue generation.
If local residents wish to receive land compensation without competition or lottery for commercial land within the industrial complex instead of cash compensation, there are plans to expand the land compensation system.
The national industrial complex and the adjacent public housing development will be jointly developed into an "industrial-centric complex city."
The Yongin semiconductor national industrial complex is planned to be developed into an "industrial-centric complex city" combining work, living, and leisure functions. It will be designed as a specialized industrial complex considering the uniqueness of the semiconductor industry, while the adjacent public housing area will be cultivated into a center for living and culture.
The public housing area will also be developed to support stable housing for workers of the industrial complex, with a scale of 16,000 households (2.28 million square meters). The first occupancy is planned to begin in 2030 with the operation of Fab No. 1.
To enhance the connectivity between the industrial complex and residential areas, specialized spaces clustered with food, recreational areas, and attractions will be created, centered around waterfront spaces adjacent to or connected by rivers.
Infrastructure such as a core transportation network will be expanded to match the status of the world's largest semiconductor cluster. To respond to the increasing transportation demand due to the establishment of the industrial complex and to innovate logistics and movement, the relocation and expansion project of National Route 45, which runs through the industrial complex, will be completed in a timely manner. A grid highway network will be built around the industrial complex, and plans to develop a rail network linked to the Gyeonggang Line for the commuting convenience of residents (5th National Railroad Network Construction Plan) are also underway.
The Ministry of Land, Infrastructure and Transport stated it will begin immediate preparatory work to conduct subsequent procedures such as compensation starting next year.
Minister Park Sang-woo remarked, "We will swiftly develop the Yongin national industrial complex without wavering, making it not just a simple land development, but a core hub of a semiconductor cluster where industry, residence, and culture can converge," and noted, "We will ensure it becomes a landmark national industrial complex of Korea."