South Korea nears announcement on new semiconductor production cluster outside Greater Seoul

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Jun. 29, 2026 –

This comes as the government and the country's two largest chipmakers, Samsung Electronics and SK hynix, move to expand capacity for the era of artificial intelligence.

By Ji Da-gyum, The Korea Herald

SEOUL – South Korea is nearing an announcement on a new semiconductor production cluster outside Greater Seoul, which includes Incheon and Gyeonggi Province, as the government and the country’s two largest chipmakers move to expand capacity for the era of artificial intelligence.

Kim Yong-beom, President Lee Jae Myung’s chief policy adviser, said Wednesday that the government, Samsung Electronics and SK hynix had been engaged in “serious discussions” over a second semiconductor cluster, including its location and the power and water infrastructure needed to support it.

“The discussions have moved beyond the initial stage and are approaching completion,” Kim said during a forum hosted by the Kwanhun Club, a senior journalists’ association, in Seoul.

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