[Advanced Industry Promotion] Yoon "550 Trillion Investment in Advanced Fields by 2026"

Presiding over the Emergency Economic and Livelihood Meeting... "Growth Engines like Semiconductors"
Urging Private-Led Investment and Government Tax Support, Emphasizing "Direct Impact on Livelihoods"

President Yoon Suk-yeol emphasized on the 15th that "advanced industries are the core growth engine and a strategic asset for national security." His judgment is that the economic battlefield, which began with semiconductors, has expanded to the entire advanced industry sector, making active government support inevitable. On the same day, the government announced plans to establish 15 national advanced industrial complexes nationwide and to focus private-led investments of 550 trillion won on key tasks such as semiconductors by 2026.

On the morning of the 15th, President Yoon presided over the 14th Emergency Economic and Livelihood Meeting at the Blue House State Guest House, where he announced the ▲National Advanced Industry Promotion Strategy and ▲National Advanced Industry Belt Development Plan based on these points. At the meeting, President Yoon stated, "Countries are sparing no large-scale subsidies and tax incentives to attract advanced industrial manufacturing facilities domestically," adding, "The government must firmly support private investments for further growth."

President Yoon Suk-yeol is speaking at the 14th Emergency Economic and Livelihood Meeting held at the Blue House State Guesthouse on the 15th.
[Photo by Yonhap News]

The government unveiled plans to create the world's largest semiconductor cluster worth 300 trillion won. The government’s policy is to develop a semiconductor mega cluster by linking more than 150 existing memory semiconductor manufacturing complexes with domestic and foreign materials, parts, and equipment (SoBuJang) companies and Pangyo fabless companies. President Yoon elaborated, "The government must provide seamless support in location, research and development (R&D), workforce, and tax incentives."

In line with this, the Ministry of Trade, Industry and Energy and the Ministry of Land, Infrastructure and Transport disclosed detailed plans for focused development of advanced industries. The most notable aspect is the investment plan for six core advanced sectors: semiconductors, displays, secondary batteries, bio, future cars, and robotics. By 2026, 550 trillion won will be poured in led by the private sector, establishing the world’s largest semiconductor mega cluster in Gyeonggi Province based on large-scale new private investments. Not only five advanced semiconductor manufacturing plants but also excellent domestic and international SoBuJang and fabless companies will be located there.

While companies are expanding their overseas investment scale, President Yoon’s determination is reflected in the plan to create the world’s largest semiconductor complex domestically. The industry expects that this semiconductor cluster construction will generate economic effects of about 300 trillion won in direct investment, 700 trillion won in production inducement, and 1.6 million jobs.

Separately from semiconductors, displays and secondary batteries aim for global number one status, with investments of 62 trillion won and 39 trillion won respectively over five years until 2026. Investments of 13 trillion won and 95 trillion won have been decided for biopharmaceuticals and future cars sectors as well. The robotics industry will receive 1.7 trillion won over five years until 2026, aiming to enter the global advanced robotics manufacturing countries.

The government will also establish a Korean version of IMEC (a semiconductor research center located in Belgium) to secure ultra-gap technologies in the advanced industry sector. Alongside this, it plans to focus on tasks such as nurturing innovative talent, regional specialized clusters, building a robust ecosystem, becoming an investment-specialized country, and pursuing trade diplomacy to protect national interests. Companies will also invest a total of 60 trillion won in advanced industry-related projects outside the metropolitan area over the next 10 years in line with this plan.