Pyeongtaek Mayor Jung Jang-seon Congratulates Samsung Electronics on 50th Anniversary

[Suwon Ilbo=Reporter Seo Dong-young] Pyeongtaek Mayor Jung Jang-seon congratulated Samsung Electronics on its 50th anniversary on the 3rd.

Mayor Jung stated, "Samsung laid the foundation by establishing an electronics complex in the Maetan-dong area of Suwon in 1969. Over the past 50 years, it has grown into a global company achieving world-leading positions in memory semiconductors, smartphones, and TVs, generating 244 trillion won in sales."

He added, "For Samsung Electronics, Suwon is the hometown where it was born, Yongin and Hwaseong are hometowns that laid the foundation for growth, while Pyeongtaek will become the hometown of the best opportunities to blossom into a new 50 years of advancing differentiation."

At the Samsung Electronics Pyeongtaek Campus, which has been developed to the world's largest scale with 3 trillion won invested, V-NAND flash memory has been in mass production since July 2017. To date, the city has reported approximately 15,000 direct jobs and annual local tax increases of 100 billion won. According to Samsung Electronics' "Semiconductor 2030 Plan," additional investment in P3 and P4 lines is scheduled to take place in Pyeongtaek alongside the P2 line, which is set to be completed in 2020.

The city plans to prepare an advanced complex industrial complex where materials, parts, and equipment suppliers, research centers, and knowledge industry centers will be located in line with Samsung Electronics' investment, while pledging to spare no administrative support.

Mayor Jung Jang-seon stated, "As a representative company of Pyeongtaek, I hope Samsung Electronics will continue to strengthen mutually beneficial cooperation with the local community," and urged, "Let us share together, grow together, and move forward as the world's best company and the world's best city."