Yongin Mayor Lee Sangil: "Semiconductor Investment Could Reach 1,600 Trillion Won... Accelerating Yongin's Development"

Lee Sang-il, Mayor of Yongin, Addresses 9th Core Leadership Course Trainees
31 Grade 6 Public Officials at Myongji University for Extended Training
Presents “Yongin Renaissance 2.0” Future Vision
Expanding Welfare, Culture, Sports, and Rail Networks with Semiconductor Tax Revenue
Mayor Lee Urges Trainees to Become Leaders with Imagination and Insight

Lee Sang-il, Mayor of Yongin Special City in Gyeonggi Province, said on the 17th, "I will accelerate the development of Yongin by successfully carrying out the semiconductor project."

Lee Sangil, Mayor of Yongin Special City, is delivering a special lecture to students of the 9th Core Leadership Course on the 17th. Provided by Yongin City.

On this day, during a special lecture at the '2026 9th Core Leadership Course of Yongin Special City' held at Myongji University's Changjo Hall, Mayor Lee explained the “Yongin Renaissance 2.0” vision to 31 Grade 6 public officials currently undergoing long-term training.

Mayor Lee emphasized, "Yongin Renaissance 2.0 aims to carry forward the continuity of the 8th municipal administration, while introducing new ideas and investing the achievements of the semiconductor project evenly throughout all city affairs, ultimately enriching the lives of our citizens."

He provided a detailed overview of the ongoing semiconductor industry project in Yongin. He added, "From December last year through the first half of this year, there were attempts to disrupt the national semiconductor industrial complex, but we successfully safeguarded it, and we are now accelerating its development."

He continued, "In February next year, the first section of a semiconductor production facility (fab) in the Yongin Semiconductor Cluster General Industrial Complex, where SK hynix is investing 600 trillion won to build four fabs, will commence operations. Around October of the same year, high bandwidth memory (HBM) produced there is expected to be exported."

In Yongin, the Samsung Electronics Advanced System Semiconductor National Industrial Complex, the SK hynix Yongin Semiconductor Cluster General Industrial Complex, and the Samsung Electronics Giheung Advanced Research Complex are currently being built. These three locations were designated as National Advanced Strategic Industry Specialized Complexes in July 2023.

He further stated, "With the designation as a specialized complex, the maximum floor area ratio for semiconductor manufacturing facilities was raised from 350% to 490%. As Samsung Electronics and SK hynix have decided to construct the production facilities as three-storied stack buildings, the total investment is expected to increase substantially. Once all projects are completed, the combined investment by these two companies could reach up to 1,600 trillion won."

He introduced that global semiconductor equipment companies—including ASML, Lam Research, Tokyo Electron, and Applied Materials—have decided to invest and are further expanding the related ecosystem around the so-called L-shaped Semiconductor Belt. About 60 to 80 semiconductor materials, parts, equipment, and design companies are expected to move into Samsung Electronics' national industrial complex, with about 55 such companies moving into SK hynix’s general industrial complex.

Lee Sang-il, Mayor of Yongin Special City, is taking a commemorative photo with the 9th Core Leaders Course trainees on the 17th. Provided by Yongin City.

He explained, "Companies are also moving into Platform City and individual industrial facilities," adding, "Investment by semiconductor-related companies alone in Yongin is estimated to total about 4 trillion won."

He also outlined plans to invest increased tax revenue generated by the growth of the semiconductor industry into welfare, cultural and sports facilities, and transportation network expansion.

He said, "The expansion of National Road No. 45, which runs through the national industrial complex, has been put out for bid as a turnkey construction project, which will combine design and construction. Additionally, the improvement project for Local Road No. 57 connecting Mapyeong-dong in Cheoin-gu and the SK hynix Semiconductor Cluster, as well as the Local Road No. 23 project linking Daedeok in Anseong and Namsa in Yongin, have both recently passed preliminary feasibility studies."

He also emphasized, "We are pursuing, as part of a long-term plan, the establishment of a rail network connecting the three districts of Yongin—including the Southern Gyeonggi Metropolitan Railway and the Gyeonggang Line extension. We will create a railway fund using tax revenues from the semiconductor industry to prepare for significant construction costs."

In the area of welfare, he mentioned a project to provide free shingles vaccinations to all citizens aged 65 and older. He also said, "We are reviewing a plan to provide free flu vaccinations to all citizens, which is targeted for the year after next."

Following the special municipal lecture, Mayor Lee also gave a humanities lecture under the theme “Porto, Seville, Madrid: A Journey of Transformation, Inclusion, and Insight.” He introduced Portugal's port wine, Seville’s Alcazar Palace and Cathedral in Spain, and major artworks from Madrid’s Prado Museum, highlighting the importance of turning crises into opportunities and embracing different cultures.

Lee Sang-il, Mayor of Yongin Special City, is giving a special lecture to the 9th Core Leadership Course students on the 17th. Provided by Yongin City.

Mayor Lee encouraged the trainees, saying, "I hope you make good memories during the Core Leadership Course, broaden your imagination and experiences, and discover the leadership needed to guide Yongin in the future."

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