Samsung's Onyang Campus Gets 46 Trillion Won in "Mega-Investment"; Lee: "Government to Take Responsibility for Permits, Power and Water Through to the End"

President Lee Attends the "Chungcheong Region Mega-Projects" Groundbreaking Ceremony
Samsung Ramps Up Investment in Advanced Packaging Fab and Equipment

President Lee Jaemyung said on the 12th that a 6 trillion won advanced semiconductor packaging plant would be built at Samsung Electronics' Onyang Campus in Asan, South Chungcheong Province, and that investments of 40 trillion won in advanced equipment would be made in phases. He also stressed that large-scale investments in advanced industries should create tangible growth opportunities for local small and midsize businesses, small business owners and young people, rather than simply expanding production facilities for large companies. He said the central and local governments would take responsibility for building the essential infrastructure needed for investment, from permits and approvals to power and water supplies.

President Lee Jaemyung shakes hands with Samsung Electronics Chairman Lee Jaeyong after signing a TSP (Test & System Package), a major product manufactured at the plant, following the groundbreaking ceremony for a mega-project in the Chungcheong region at the construction site of Samsung Electronics’ Onyang Campus in Asan, South Chungcheong Province, on November 12, 2026. Yonhap News Agency

In a congratulatory address at the groundbreaking ceremony for the "Chungcheong Region Mega-Projects," held that day at the construction site of Samsung Electronics' Onyang Campus in Asan, President Lee said, "Today, here in Chungcheong, three advanced investment projects that will reshape South Korea's industrial landscape are taking their first steps."

He added, "Last July, businesses and the government pledged to the public right here in Chungcheong an ambitious investment plan aimed at making South Korea a leading industrial powerhouse with an unassailable technological edge. Just four months later, we are here at the site where that pledge is becoming a reality."

The three projects breaking ground that day are an advanced semiconductor packaging fab and an advanced display production line in Asan, and a high-performance substrate manufacturing facility for artificial intelligence (AI) servers in Sejong. Samsung Electronics' Onyang Campus will be home to an advanced packaging fab worth 6 trillion won, with an additional 40 trillion won in investments in advanced equipment. President Lee said he expects the campus to become a key hub for advanced high-bandwidth memory (HBM) packaging.

President Lee also emphasized that investment in advanced industries is spreading throughout the Chungcheong region. He cited a memory and advanced packaging fab in Cheongju, an AI data center in Dangjin and a biopharmaceutical production facility in Osong, adding that preparations to break ground on follow-up projects were proceeding smoothly.

He highlighted the proactive administration of local governments in supporting the swift execution of investments. "South Chungcheong Province and Asan City cut the time required for permits and approvals to one-third of the usual period, clearing the way for companies to break ground sooner," President Lee said. He called this "an exemplary case that clearly shows how quickly conditions on the ground can change when local governments take the initiative."

He pledged to expand the scope of government support nationwide. "To ensure that all investment plans in the Honam and Yeongnam regions, as well as in Chungcheong, proceed without a hitch, the central and local governments will work as one team and take responsibility through to the end for securing the necessary permits and approvals and building essential infrastructure, including power and water supplies," President Lee said.

President Lee Jae-myung and Samsung Electronics Chairman Lee Jae-yong take part in a ceremonial groundbreaking at the launch ceremony for the Chungcheong region mega-projects, held at a construction site at Samsung Electronics' Onyang Campus in Asan, South Chungcheong Province, on the 12th. From left: South Chungcheong Province Governor Park Soo-hyun, Minister of Trade, Industry and Energy Kim Jung-kwan, President Lee, and Chairman Lee. Nov. 12, 2026. Yonhap News.

He also identified the sharing of investment benefits with local communities as a key priority. "Above all, local residents must be able to share in the benefits of these enormous investments," President Lee said. "New growth opportunities must open up for local small and midsize businesses and small business owners, and young people born and raised here should be able to find good jobs, stay in Chungcheong, build their homes and plan their futures without having to leave for distant places."

He added, "The government will bring all its policy capabilities to bear to ensure that these mega-projects go beyond expanding companies' production facilities in the provinces and become 'growth for all' and 'genuine balanced national development' that tangibly improve the lives of local communities and the people."

After thanking Samsung Electronics Chairman Lee Jaeyong and Samsung Group employees for their bold investment decisions and ability to execute, President Lee said, "I hope the first shovelful of earth we turned together today will become a firm stepping stone toward building an 'irreplaceable South Korea,' going beyond Chungcheong's remarkable leap forward."

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