Busan said it will hold a launch ceremony for the "K-marine semiconductor alliance" on the afternoon of the 19th at Signiel Busan in Haeundae District.
About 150 people, including Busan Mayor Park Heong-joon, National Assembly member Jeong Dong-man, and Busan Chamber of Commerce and Industry Chairman Yang Jae-saeng, as well as representatives from SK keyfoundry, DB HiTek, HD Hyundai Heavy Industries, Hanwha Ocean, Samsung Heavy Industries and other domestic semiconductor and shipbuilding corporations, are expected to attend.
The launch aims to build a private sector–led cooperation system to help Busan leap forward as a "next-generation global hub city for marine semiconductors."
The city plans to operate the alliance, launching that day, in connection with national semiconductor policy and strategies for the shipbuilding and marine industries. To that end, it will create an innovation belt linking the Gijang specialized complex for power semiconductors, the Yeongdo boost belt, and the Haeundae Second Centum downtown convergence special zone.
With the alliance's launch, the city will also begin in earnest to build a private sector–led next-generation marine semiconductor supply chain (value chain). Semiconductor corporations will handle the design and production of systems and power semiconductors suited to the marine environment, while shipbuilding companies will serve as demand sources for domestically produced marine semiconductors and as test beds for mass-production demonstrations.
Mayor Park Heong-joon said, "The alliance is the first step in expanding the application field of Korea's semiconductor industry to the ocean and a model case of public-private cooperation," adding, "We expect this to be an opportunity for Busan to rise as a marine semiconductor mecca that the world watches."