Yongin City Wins Grand Prize in Co-Prosperity Category at 'Korea Culture Management Awards'

Building a Semiconductor Ecosystem Centered on Samsung and SK

Support for SMEs and Regulatory Relief Policies Receive Praise

Mayor Lee Sangil: "Yongin Is Emerging as a Core City of the Korean Economy"

Yongin Special City in Gyeonggi Province has been recognized for supporting co-prosperity between large corporations and small and medium-sized enterprises (SMEs) and for building an industry ecosystem centered on semiconductors.

Yongin Special City received the Grand Prize in the Local Government (Co-Growth) category at the '2026 Korea Culture Management Awards' on the 18th. Provided by Yongin City

On September 18, Yongin City announced that it had received the grand prize in the Local Government Co-Prosperity category at the '2026 Korea Culture Management Awards,' which was held at the Korea Press Center in Seoul. The award is hosted by The Herald Business and The Korea Herald and organized by Power Korea Monthly.

The city received high marks for its support policies that reflect the voices of businesses on the ground and its policy capabilities in leading innovative growth within the local industrial ecosystem.

Lee Sangil, Mayor of Yongin, stated, "Yongin is the starting point of the semiconductor industry in Korea and is the city with the world's largest semiconductor ecosystem as a single urban area. The city is emerging as the center of the global semiconductor industry and the core city of the Korean economy."

He added, "We will take to heart the significance of this award and will further dedicate ourselves to urban development and improving citizens' quality of life." He continued, "As Yongin grows into a metropolitan-level city with a population of 1.5 million, we will expand investments in areas closely connected to daily life, such as culture, the arts, welfare, and sports."

In Yongin, the 'Yongin Advanced System Semiconductor Cluster National Industrial Complex' is being developed in the Idong and Namsa districts of Cheoin-gu, while the 'Yongin Semiconductor Cluster General Industrial Complex' is being established in Wonsam-myeon. Samsung Electronics plans to invest over 1,000 trillion won in the national complex, and SK hynix plans to invest 600 trillion won in the general industrial complex.

The city is building an industrial ecosystem where large corporations, materials, parts, and equipment companies, universities, and research institutes grow together, centered around the two semiconductor complexes. Infrastructure and residential environments are also being improved to attract advanced industry companies and specialized personnel.

Support for stabilizing SME management has been strengthened, including the expanded operation of the SME Development Fund, special guarantees through the Gyeonggi Credit Guarantee Foundation, and support for accounts receivable credit insurance premiums. The 'Glocal Online and Offline Co-Prosperity Support Project' is also helping local companies enter overseas markets.

To swiftly resolve corporate regulations and difficulties, Yongin is operating a 'Field Mobile Team' and a 'One-Stop Meeting for Corporate Issues' at all times. The city also provides tailored support for each company through joint briefings on SME support policies, the Yongin Business Support System, and the Corporate SOS Support Center.

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