The specialized complex for power semiconductor materials, parts, and equipment (SoBuJang) located in Jangan-eup, Gijang-gun, Busan, is expected to attract private investments worth 1.2 trillion KRW, causing the local real estate market to stir. Currently, the power semiconductor specialized complex is bustling with new factory constructions, including IQ Lab Co., Ltd., which has invested 100 billion KRW.
The semiconductor industry is regarded as a major boon in the real estate market, so much so that the new term “banse-gwon” (half-semiconductor zone) has emerged recently. This is because the complex is developed with various platforms such as advanced industries, commerce, residential culture, and welfare. Additionally, it brings large-scale job creation, transportation network improvements, and expansion of living infrastructure.
The government has also pledged generous support for the semiconductor industry. In January, President Yoon chaired the 2nd Economic Issue Review Meeting and stated, “The nation must firmly support semiconductor assistance to keep pace with competing countries,” announcing the creation of a 1 trillion KRW semiconductor ecosystem fund to support the growth of promising fabless (semiconductor design specialized companies) and SoBuJang companies. He added, “We will also accelerate the establishment of semiconductor mega clusters,” and emphasized, “Infrastructure such as electricity, water supply, and roads will be the responsibility of the government and public sector and will be developed rapidly.”
The largest beneficiary complex in the metropolitan area is Yongin Special City, Gyeonggi Province. Centered around Cheoin-gu, the Yongin Advanced System Semiconductor National Industrial Complex and Yongin Semiconductor Cluster General Industrial Complex are planned, expected to attract a concentration of semiconductor personnel from leading domestic companies such as Samsung Electronics and SK Hynix. In Wonsam-myeon, Cheoin-gu, SK Hynix is investing 122 trillion KRW to develop the “Yongin Semiconductor Cluster.” They plan to build semiconductor production facilities (fabs) on a 4.15 million square meter site and produce next-generation memory.
The real estate value in the area has been steadily rising. According to the Korea Real Estate Board, the housing transaction change rate in Yongin City from April 2023 to April 2024 was 1.27%, which is 0.48% higher than the Gyeonggi Province average of 0.79%. This figure is also higher than the national average of -0.12% and the metropolitan area average of 1.02% for the same period.
Price increases can also be confirmed in individual complexes. According to the Ministry of Land, Infrastructure and Transport’s actual transaction price survey, the “Woomeerin Central Park” in Yeokbuk-dong, Cheoin-gu, a beneficiary area of the industrial complex, saw its 84㎡ unit sell for 564 million KRW at the beginning of this year, rising to 610 million KRW last month, an increase of over 40 million KRW in half a year despite the economic downturn.
A real estate official said, “With trillion-won investments flowing into the semiconductor industry in the AI era and the government showing great interest in the sector, the impact on the real estate market is significant,” adding, “The industry already expects abundant underlying demand, leading to increased investment in beneficiary complexes benefiting from the ‘Samsung effect’ or ‘SK Hynix effect.’”
Among these, in Busan, “Busan Jangan District Dietre The Ocean,” currently being supplied in the Jangan area, is considered the largest beneficiary apartment complex of the Busan power semiconductor specialized complex. The complex will host Korea’s first dedicated 8-inch power semiconductor fab. The 8-inch power semiconductor has about 1.8 times the productivity of the existing 6-inch, matching the level of global companies. When designated last July, new investments in the power semiconductor sector were expected to total 800 billion KRW, but following additional investment announcements by companies, the investment scale has increased to 1.2 trillion KRW.
Additionally, “Busan Jangan District Dietre The Ocean” boasts excellent living infrastructure. It is noted as a complex with kindergarten and elementary school sites planned right in front, making it a “Yu, Chopyum-a” (kindergarten and elementary school nearby) complex. Prestigious Busan schools such as Jangan Middle School, Jangan Jeil High School, and Jangan High School are within walking distance.
The Jangan district where the complex is located is within walking distance of “Jwacheon Station (Donghae Line).” Currently, the area around “Jwacheon Station (Donghae Line)” is expected to become a double station zone due to the “Nopo-Jeonggwan Line (Phase 1) project (preliminary feasibility study ongoing).” Furthermore, according to the “Gijang-gun 2040 Long-term Development Plan,” large-scale urban development, establishment of leisure facilities at Ilgwang Amusement Park, and maintenance of the Jwagwangcheon walking trail and waterfront pedestrian paths are planned around the station area, promising overwhelming living infrastructure. The “Shinsegae Simon Busan Premium Outlet” and “Southeastern Nuclear Medical Center” are also accessible on foot.
As the Jangan district is expected to be the biggest beneficiary of these plans, it is rapidly catching up with the prices of nearby old downtown areas and is anticipated to join the ocean residential belt centered around “Haeundae~Gwangalli.”
Specialized designs are also widely applied. It is the only apartment in the Jangan district with medium to large-sized units, featuring wide living rooms over 6 meters (except some types), 1.61 parking spaces per household, two elevators per building, 42 planned electric vehicle charging stations, bathroom anti-glare sensor lights, and various other systems, making its product competitiveness noteworthy. The sale price is reasonably set starting from the 400 million KRW range for an 84㎡ unit, despite rising raw material costs.
The complex currently offers limited-time simultaneous benefits such as “a 1 million KRW down payment (first installment), full interest-free intermediate payments, free options worth up to about 24 million KRW (varies by type), unlimited resale allowed (after April 2025), and living room floor-to-ceiling windows and glass railings” on a first-come, first-served basis for unit and building selection. The 1 million KRW down payment is paid as the first installment at contract signing, with the remaining amount deducted by 1 million KRW from the usual 5% down payment paid one week later as the second installment. Additionally, a “Contract Condition Assurance System” is applied to alleviate buyers’ concerns.
The model house is operating successfully in Maehak-ri, Jeonggwan-eup, Gijang-gun, and various gifts (changing weekly) are given on a first-come, first-served basis to customers who visit by prior reservation (early closure possible).
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