Preliminary Feasibility Study Exempted for Honam Semiconductor Water Supply Project... 6 Trillion Won Support for Unified Special City

Water Supply Facility to Provide 650,000 Tons Daily at Gwangju Air Force Base Site

"Goal to Begin Mass Production of Semiconductors by June 2030"

The government has decided to exempt the preliminary feasibility study for the water supply facilities project in the Honam Semiconductor National Industrial Complex, and will provide integrated fiscal support totaling 6 trillion won to Jeonnam-Gwangju Unified Special City.

On August 25, Jeonnam-Gwangju Unified Special City announced that the Cabinet had approved the exemption of the preliminary feasibility study for the water supply facilities project in the Honam Semiconductor National Industrial Complex, as well as the integrated fiscal support plan for the Southwestern Semiconductor Cluster.

President Lee Jae-myung is speaking at the Cabinet meeting held at the Blue House on the 25th. Photo by Yonhap News

The National Industrial Complex will be established on an 8.26 million square meter site at the Gwangju Air Force Base. Facilities will be built to supply 650,000 tons of water per day to four semiconductor fabs and partner companies.

Jeonnam-Gwangju City stated, "This decision demonstrates the government's commitment to fostering the Honam Semiconductor National Industrial Complex as a hub of cutting-edge industry," adding, "We will cooperate with the government, companies, and related agencies to move forward with subsequent procedures."

The amount of integrated fiscal support will total 6 trillion won over four years. Jeonnam-Gwangju City will receive an annual contribution of 1.5 trillion won from the special semiconductor accounting fund. These resources will be used to support companies and create the semiconductor industry ecosystem.

Jeonnam-Gwangju City expects that, following water supply facilities, the exemption of preliminary feasibility studies for electricity and land-related projects will be implemented as soon as the government finalizes more detailed plans. The amount of power required to operate the semiconductor production facilities is estimated at 6.3GW.

Jeonnam-Gwangju City will proceed with land, electricity, and water supply plans in line with corporate investments and factory construction schedules.

Min Hyungbae, Mayor of Jeonnam-Gwangju Unified Special City, said, "We will accelerate the timeline for infrastructure development, including water supply, and use the integrated fiscal support funds to assist companies," adding, "By working with the government and related institutions, we will establish plans for power and land supply projects, and achieve our goal of mass-producing semiconductors by June 2030."

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