'Yongin Idong Semiconductor New City' Completion Timeline Advanced by 2-3 Years

[Suwon Ilbo=Reporter Choi Ki-ho] Yongin Special City announced on the 21st that the completion date of the Yongin Idong Public Housing District (16,000 households), a supporting new city for the 'Yongin Advanced System Semiconductor National Industrial Complex,' is expected to be advanced by 2-3 years from the originally planned 2034.

The government has set 2030 as the target date for operating the first production line (Fab) at the Idong·Namsa Advanced System Semiconductor National Industrial Complex and plans to accelerate the development of a semiconductor-specialized new city in Idong-eup where IT talent working at the national industrial complex will reside.

On the 17th, the city signed a mutual cooperation agreement with the Ministry of Environment, Ministry of Land, Infrastructure and Transport, Ministry of Trade, Industry and Energy, Gyeonggi Province, Pyeongtaek City, Korea Land and Housing Corporation (LH), Samsung Electronics, and others at the FKI Tower in Yeongdeungpo-gu, Seoul to realize the goal of operating the Yongin Advanced System Semiconductor National Industrial Complex beginning in 2030.

LH, the project implementer, applied for approval of the national industrial complex plan from the Ministry of Land, Infrastructure and Transport immediately after signing the agreement.

The Ministry of Land, Infrastructure and Transport exempted the project from preliminary feasibility studies last year to expedite the national industrial complex and plans to rapidly proceed with environmental impact assessments and permits. The ministry has set a plan to complete site development within 3 years and 6 months—half the typical 7 years—and begin construction of the national industrial complex in the second half of 2026.

The government and LH will also ensure settlement conditions for IT talent by rapidly proceeding with the public housing district project for the Idong-eup new city, targeting the first pre-launch in the first half of 2027 and approval of the housing project plan.

LH is known to have decided to advance the public housing district designation for Idong-eup new city, originally planned for 2025, potentially by the end of this year and to accelerate the new city completion deadline by approximately 2-3 years.

Yongin Mayor Lee Sang-il said, "At the agreement ceremony on the 17th, the government side said it would accelerate the Idong·Namsa Advanced System Semiconductor National Industrial Complex and Idong-eup new city development, and we are making full preparations to speed things up," adding "Since the first production line at the national industrial complex is expected to begin operation in 2030, Yongin City will closely consult and cooperate with the Ministry of Land, Infrastructure and Transport and LH to advance the completion timeline of Idong-eup new city as much as possible so that IT talent in semiconductors and other fields can live there."