Samsung and SK to invest 392 trillion won in central region... Construction of HBM and NAND factories

*This content was translated by AI.

Samsung and SK Hynix announced on the 2nd that they plan to invest approximately 392 trillion won in constructing HBM and NAND factories (fabs) in the Chungcheong region.

The Ministry of Trade, Industry and Energy held the 'Chungcheong Region Advanced Industry Development Vision National Report' at Samsung Display's Asan Campus 2 on that day, with participation from Samsung, SK Hynix, Celltrion, and others. This event followed the 'Southwest Region Advanced Industry Development Vision National Report' held last month on the 30th and is part of the government's initiative to promote three major mega-projects for Korea's great leap forward.

At the event, Samsung announced plans to invest approximately 140 trillion won in the Chungcheong region for △OLED and next-generation display lines △HBM fabs and packaging △high-performance package substrates for AI servers △and new motherlines for cutting-edge battery processes.

SK Hynix stated it will pursue investments of about 100 trillion won in NAND and advanced packaging fabs, while Celltrion plans to invest approximately 2 trillion won in bio-pharmaceutical production facilities.

Other companies also announced plans to invest around 150 trillion won in AI data centers, bringing the total investment in the Chungcheong region to approximately 392 trillion won.

To support these large-scale investment plans, the government has unveiled the 'Chungcheong Region Next-Generation Advanced Industry Development Strategy.'

First, it will promote large-scale local investments through investment incentives. The government will support the 'Investment Support Booster' program, which bundles seven policy tools—fiscal, financial, regulatory, technological, regulatory, tax, human resources, and infrastructure—as a package. In particular, it plans to designate and operate mega-special zones that significantly relax multiple overlapping regulations.

Additionally, it will foster a regional industrial ecosystem to activate industry-academia-research innovation centered on investment companies.

In the display sector, it will establish an advanced display research institute and a next-generation display demonstration center to support innovative Jeonju. For semiconductors, it will focus support on advanced packaging R&D and promote the establishment of a semiconductor gas performance and safety evaluation center. In the secondary battery and components sector, it will create a process advancement demonstration center based on big data and an EV battery fire safety evaluation center. In the bio sector, it will build public biomanufacturing foundries and AI-integrated public contract production facilities.

Minister of Trade, Industry and Energy Kim Jeong-gwan emphasized, "The Chungcheong region is a synonym for connectivity where people, technology, and industries converge; the growth of its advanced industry will lead to the future of Korea's industrial sector." He added, "The central government will work hand-in-hand with local governments to ensure that today's announced investment plans bear fruit as an 'irreplaceable Republic of Korea.'"

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*This content was translated by AI.