LH to Tender Section 1 of Yongin Semiconductor National Industrial Complex Construction… Project Worth KRW 1.086 Trillion

Construction Scheduled to Begin by Year-End

Korea Land & Housing Corporation (LH) will place a priority order for Section 1 of the Yongin Semiconductor National Industrial Complex construction project, targeting to commence the construction work by the end of this year.

On July 16, LH announced that it would prioritize the tender for Section 1, which includes the site for the first semiconductor fab, in order to expedite the launch of the first fab. Section 1 covers approximately 3.45 million square meters, with construction costs amounting to about KRW 1.086 trillion.

Aerial view of Yongin Advanced System Semiconductor National Industrial Complex. Provided by LH

The tender will be implemented using a fast-track construction management at risk (CM at risk) approach. Construction expertise from the project manager will be incorporated starting from the design phase, and design work will proceed concurrently with related administrative procedures.

The Yongin Advanced System Semiconductor National Industrial Complex is a massive cluster spanning 7.78 million square meters in Cheoin-gu, Yongin-si, Gyeonggi Province. It will integrate six semiconductor fabrication plants, companies specializing in materials, components, and equipment, three power plants, industrial gas supply facilities, and all other essential infrastructure required for advanced system semiconductor production.

LH has selected the “early completion of the Yongin National Industrial Complex development project” as its core strategy to strengthen national competitiveness in the semiconductor industry. The company is accelerating efforts to achieve its goal of launching construction of the first semiconductor fab by 2028.

Earlier, on July 9, LH President Lee Sunghoon visited the Yongin Semiconductor National Industrial Complex immediately after taking office, ordering a dramatic reduction in the project schedule and stating, “I will personally oversee the progress and results of the Yongin National Industrial Complex every week.”

LH plans to accept bids in September, select a project manager in November, and commence construction of the complex by the end of this year.

This content was produced with the assistance of AI translation services.