LH to Break Ground on Yongin Semiconductor Industrial Complex Section 1 in October…Aiming for First Fab Construction by 2028

7.78 Million Square Meters in Cheoin-gu, Yongin-si
Pre-construction Work to Begin in September

Korea Land & Housing Corporation (LH) announced on September 1 that construction of Section 1 of the Yongin Semiconductor Industrial Complex will commence in October.

The Yongin Advanced System Semiconductor National Industrial Complex is a cluster of facilities needed for advanced system semiconductor production, located on a site of approximately 7.78 million square meters in Cheoin-gu, Yongin-si, Gyeonggi Province. The complex will house six semiconductor fabrication plants, as well as materials, parts, and equipment companies, and three power generation facilities.

Yongin Advanced System Semiconductor National Industrial Complex Development Site. Provided by LH

LH is working to accelerate the schedule and achieve early completion of the Yongin National Industrial Complex development project. Aiming to break ground on the first semiconductor fab by 2028, the company holds weekly performance review meetings chaired by the CEO to monitor progress.

LH is continuously identifying additional tasks that can be executed simultaneously or with reduced lead time. The company has significantly shortened the process for selecting contractors and will begin groundbreaking on the Yongin Semiconductor National Industrial Complex next month. The bid opening date has been moved up to the 23rd of this month, and the time required for each step, such as reviewing business proposals, has been minimized to the greatest extent possible.

The compensation process is also underway. Land compensation, which began at the end of December last year, has already been completed for 99% of all eligible private land within seven months, including the priority zone where key facilities such as power plants will be located (with 43% acquired through negotiation and 56% through expropriation applications). LH plans to finalize the compensation process within this year by further reducing the time required for expropriation approvals through close coordination with the government. In addition, preparation for groundbreaking, such as tree removal, cultural heritage surveys, and removal of obstructing structures, will officially begin this month to enable the start of site construction next month.

Lee Sunghoon, President of LH, stated, "Accelerating the groundbreaking for the industrial complex site is an unprecedented achievement made possible by breaking away from our previous work practices and procedures—it's an example of speed-driven innovation. We will boldly overlap processes and reduce lead times to expedite the formation of the industrial complex as much as possible, thereby supporting the successful completion of the government's three major mega-projects."

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