Yongin Approves Tongsam 2 Industrial Complex Plan, Expects Semiconductor Materials, Components and Equipment Cluster and 700 Jobs

Yongin Approves KRW 137.4 Billion Project to Expand Semiconductor Ecosystem

Complex to Cover 176,234 Square Meters in Tongsam-ri, Namsa-eup

Construction to Begin in May 2027; Completion Targeted for Late 2028

About 700 Jobs Expected; SurplusGLOBAL Also Expresses Interest in Moving In

Yongin Special City, Gyeonggi Province, has officially approved plans to develop the Yongin Tongsam 2 General Industrial Complex in the Namsa-eup area of Cheoin-gu, stepping up efforts to expand its semiconductor industry ecosystem.

Bird's-eye view of Tongsam 2 General Industrial Complex. Provided by Yongin City.

Yongin Special City Mayor Lee Sang-il announced on October 22 that the city had approved plans to develop the Yongin Tongsam 2 General Industrial Complex near San 59-1, Tongsam-ri, Namsa-eup, Cheoin-gu. The privately developed project will require a total investment of approximately KRW 137.4 billion.

The complex will cover 176,234 square meters. Work on the project will begin in May 2027, with completion targeted for December 2028. The site will include 121,344 square meters of industrial facilities, as well as infrastructure such as roads, parks, green spaces, and parking lots to support companies' production activities and provide a suitable living environment for workers.

Expected industries include the manufacture of electronic components, computers, video, audio, and communications equipment; machinery and equipment; and nonmetallic mineral products. Companies connected to the semiconductor materials, components, and equipment industries are expected to move in.

SurplusGLOBAL, a used semiconductor equipment company, has also expressed interest in moving in, citing plans to expand its business and build links with related industries. The city expects the companies moving into the complex to create approximately 700 jobs.

The city expects that linking the complex with the nearby Yongin Advanced System Semiconductor Cluster National Industrial Complex, which is under development, and surrounding semiconductor-related companies will increase the benefits of clustering businesses together. It also plans to support collaboration among tenant companies and attract additional companies.

A Yongin City official said, "Semiconductor-related companies continue to establish a presence near the Tongsam 2 General Industrial Complex, and we expect this to generate a strong industrial clustering effect. We will continue to pursue tailored development strategies to strengthen the semiconductor ecosystem and revitalize the local economy."

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