Pyeongtaek City "Attracts 133 Billion Won Investment from US Semiconductor Company"

Two Companies to Promote Projects on 43,000㎡ Site in Oetusan Industrial Complex

Pyeongtaek City in Gyeonggi Province has attracted an investment of 133 billion KRW from two American semiconductor companies.

On the 21st, Pyeongtaek City announced that Mayor Jeong Jang-seon secured this scale of investment during his business trip to the United States from the 14th to the 20th.

Jung Jang-seon, Mayor of Pyeongtaek (center), and Kim Dong-yeon, Governor of Gyeonggi Province (right), are visiting a semiconductor company in the United States to discuss investment plans.
[Photo by Pyeongtaek City]

According to the city, the unnamed companies plan to invest a total of 133 billion KRW to build semiconductor-related facilities on a combined site of 42,916 ㎥ across two foreign investment industrial complexes in Pyeongtaek. The city expects that through these investments, advanced industries such as secondary batteries and new materials will be strengthened, creating employment effects for about 100 people.

During the trip, Mayor Jeong visited the companies to explain the investment advantages of Pyeongtaek City and heard their investment plans. At this meeting, Mayor Jeong introduced Pyeongtaek’s strategies for fostering advanced industries such as semiconductors and hydrogen, and promised administrative support from the city regarding related permits and approvals.

Additionally, Mayor Jeong visited the Gyeonggi Business Center (GBC) LA branch to learn about corporate support status within Gyeonggi Province and urged for increased attention to Pyeongtaek companies.

Meanwhile, during the trip, Mayor Jeong also visited the U.S. Department of Defense in Washington to discuss the 'Korean War U.S. Forces Memorial Construction Project.' Attendees included former U.S. 8th Army Commander Willard Burleson, the Deputy Assistant Secretary of Defense, and the Korean Affairs Officer. The city plans to cooperate mutually with the U.S. military in the process of promoting the memorial construction project.

Mayor Jeong stated, "This U.S. visit resulted in successfully attracting investments from excellent foreign companies," and added, "We will continue to actively work to attract investments from outstanding foreign companies."