Hwasun County in Gwangju is actively seeking to attract semiconductor materials and equipment companies.
To supply water for the Honam semiconductor cluster, the expansion of the Dongbok Dam is expected to submerge 5.22 million square meters, displacing 266 households across two districts, Iseo and Baekah, and eight villages.
On November 11, Hwasun County stated that industrial development and economic benefits corresponding to these local sacrifices are necessary.
The county has established an investment attraction team and is accelerating efforts to secure industrial land and develop residential areas for investors.
In July, a task force was formed to address emergency measures for the Dongbok Dam expansion, leading to the establishment of a cooperative body with the Ministry of Climate, Energy and Environment, Korea Water Resources Corporation (K-water), Gwangju and Jeonnam provincial governments, Damyang County, and a residents' committee.
This cooperative body is discussing plans for attracting materials and equipment companies, supporting basic income for displaced residents, and creating settlement villages.
Hwasun County is referencing a successful partnership agreement between Yeoju City and SK Hynix, which connects water usage with the entry of semiconductor-related companies.
To secure industrial land, the county plans to develop a third industrial complex in Unnong-ri, Dongmyeon, covering an area of 290,469 square meters.
The design phase is expected to be completed by the first half of next year, with plans for construction and allocation by 2031.
The county aims to attract companies related to semiconductor equipment, parts, materials, chemicals, electronic components, resource recycling, and research and testing, expanding industrial land to a total of 1,124,000 square meters (approximately 34 acres).
To improve living conditions for employees, Hwasun County will develop a residential area in Samcheon-ri, Hwasun-eup, covering 690,000 square meters (4,514 housing units).
Mayor Lim Ji-rak stated, "As Hwasun plays a crucial role in the development of the national advanced industry, we will do our utmost to attract semiconductor materials and equipment companies as a means of regional development in collaboration with our citizens."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.