DP Visits Yongin Semiconductor Cluster, Vows Full Support for Early Completion

Democratic Party's 3rd Mega Project Special Committee
On-Site Meeting with Samsung Electronics and SK hynix
Legislative and Budgetary Support for Power, Water, and Transportation Infrastructure

The Democratic Party of Korea's 3rd Mega Project Support Special Committee visited the Yongin Semiconductor Cluster in Gyeonggi Province on the 11th. During the visit, the committee pledged to provide full support to ensure the early completion of the Yongin Cluster for semiconductor companies such as Samsung Electronics and SK hynix. The committee also promised legislative and budgetary support for establishing key infrastructure, including power supply, water resources, and transportation networks.

Han Byeongdo, Acting Party Leader and Floor Leader, said during his remarks at the meeting, "As the world engages in a silent war for supremacy in artificial intelligence and cutting-edge industries, the decisive factor between victory and defeat will be speed."

The Democratic Party of Korea 3rd Mega Project Support Special Committee's site visit and meeting at the Yongin Semiconductor Cluster. Photo by Lee Unju's Office

Han added, "President Lee Jaemyung also remarked during the second public-private joint inspection meeting for mega projects that, beyond a speed race, we are now in a blitzkrieg situation, and I agree. The timely construction of essential infrastructure such as power, water supply, and transportation networks, which are prerequisites for industrial complex development, is of utmost importance." He continued, "The Democratic Party will work closely with the government to ensure that all necessary legislation and budgetary support are in place without omission."

He further stated, "Since both Samsung Electronics and SK hynix have declared that they will shorten the fab (factory) completion timelines for the Yongin Industrial Complex, we will spare no effort in creating the necessary conditions and supporting legislative and policy measures to make this a reality."

Han Jeongae, Chair of the Policy Committee, pointed out, "As we proceed, we are aiming to advance the cluster by more than ten years, which will require almost simultaneous action by local, regional, and central government agencies. The support efforts must be aligned as well to provide appropriate backing at the desired time."

Assemblywoman Lee Eun-Joo said, "As we announced the three major mega projects, I believe it is highly significant that the fab completion timeline has been reduced by seven years for the Samsung Electronics National Industrial Park and by twelve years for the SK hynix General Industrial Park. We will do our utmost to shorten this period even further."

The industrial sector also requested support for the speed-oriented initiative. Kwon Nohjeong, CEO of SK hynix, said, "AI is growing rapidly and is a major force that will change the world in the future. From SK hynix's perspective, we not only need to develop the Yongin Cluster, but also expand our existing campuses and extend further into the Honam region. This is an immense task." He continued, "It is difficult for a single company to accomplish such business expansions alone. Comprehensive support, especially for water supply, is absolutely necessary."

Kim Yonggwan, President of Samsung Electronics, commented, "Many permits have been processed so rapidly that it makes us wonder whether South Korea has ever moved this fast. Relevant authorities are listening to our concerns very well." However, he added, "Despite these improvements, I still feel the process is slow. We ask for even more aggressive and rapid support to accelerate the pace and drive progress forward."

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