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Gyeonggi-do, creating the world's largest semiconductor cluster...investing KRW 600 trillion by 2047

12 Nov 2025, 07:30 IST12 Nov 2025, 07:30 ISTRelevance: 85%
Gyeonggi-do, creating the world's largest semiconductor cluster...investing KRW 600 trillion by 2047

📊Executive Summary

Gyeonggi-do is investing KRW 600 trillion to create the world's largest semiconductor cluster by 2047, integrating all aspects of semiconductor production from design to manufacturing. This initiative aims to enhance South Korea's semiconductor industry, which currently holds an 18.5% global market share. The cluster will include key sites like Samsung's Pyeongtaek and SK Hynix's Yongin facilities, with significant private investment expected. The project is part of a broader strategy to solidify South Korea's position in the global semiconductor market, focusing on R&D and workforce development. The establishment of this mega-cluster is anticipated to streamline production and support the semiconductor ecosystem in the region....

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Classification

Industries

Industrial & Manufacturing
Consumer Electronics

Components

Semiconductors & ICs

Regions

South Korea

Topics

Semiconductor
Factory Expansion
Technology Advancement