Development of Yongin Semiconductor Cluster and Local Real Estate Impact
Highway and GTX, along with the Bundang Line, converge at a multifunctional transfer center in Yongin, enhancing transportation infrastructure. The opening of the station contributes to the rise in nearby real estate values. Apartments around the station, with an average size of 84㎡, have recently seen transaction prices reaching the upper 900 million won range.
Industry insiders predict that as construction begins on semiconductor factories in the Yongin cluster, demand for office and logistics facilities will significantly increase. This development is anticipated to reshape the office real estate market following the earlier transformation in the land market during the areas designation. The semiconductor clusters growth is expected to have a substantial impact on the local real estate landscape.
The development of the Yongin Semiconductor Cluster and its impact on local real estate have led to improvements in surrounding road infrastructure. The Ministry of Land, Infrastructure and Transport has allocated a budget of 5 billion won next year to expand a 12km section from Cheoin-gu, Yongin to Namdong from a 4-lane to an 8-lane road. This section is part of National Route 45 connecting the semiconductor cluster in Namsa and Idong in Cheoin-gu.
Samsung Electronics is planning to invest 360 trillion won to build six factories and attract over 150 associated businesses in a 7.1 million square meter semiconductor national industrial complex being developed in Namsa and other areas in Cheoin-gu, Yongin. Samsung aims to create the worlds largest semiconductor mega cluster by integrating existing semiconductor production zones in Giheung, Hwaseong, and Pyeongtaek.
Summary:
- The Ministry of Land, Infrastructure and Transport plans to expand a 12km road section in Yongin from 4 lanes to 8 lanes to accommodate the growth of the semiconductor cluster.
- Samsung Electronics is investing 360 trillion won to build a semiconductor industrial complex in Cheoin-gu, Yongin, attracting over 150 associated businesses.
- Samsung aims to create the worlds largest semiconductor mega cluster by integrating various semiconductor production zones in the region.
The Future of SK Yongin Semiconductor Cluster
SK Semiconductor Cluster, located in 415,600㎡ area in the Ilsam-myeon, Cheoin-gu, Yongin, will see around 50 material, component, and equipment companies moving in to start semiconductor production from 2027. With an investment of 120 trillion won, the plan is to gradually construct the remaining three fabs after the first factory, transforming Yongin into an artificial intelligence semiconductor hub. The SK Hynix and Samsung Electronics-led Yongin Semiconductor Mega Cluster is set to begin factory construction from next year, sparking interest in the surrounding real estate markets ripple effect. The future and regional economic revitalization of SK Yongin Semiconductor Cluster are promising.
Summary:
- SK Semiconductor Cluster will host 50 companies for semiconductor production in Yongin.
- Investment of 120 trillion won will lead to a total of four fabs in Yongin.
- Yongin aims to become an AI semiconductor hub with the help of SK Hynix and Samsung Electronics.
- The construction of Yongin Semiconductor Mega Cluster will commence next year, impacting the local real estate market positively.
SK Semiconductor Cluster in Yongin: Future and Regional Economic Revitalization. To avoid being overly political and at times too juvenile to criticize, these aspects will be left to the judgment of each reader.
Large-scale projects related to high value-added and national competitiveness seem to have unavoidable political influences. It can be seen this way. Although it is still in the stage of proposing and persuading the Ministry of Land, Infrastructure, and Transport, I personally think that if it is carried out privately and deemed necessary and economically viable, it will definitely be successful.
Summary:
- SK Yongin Semiconductor Cluster is a project aiming at enhancing the regional economy and future competitiveness.
- Political aspects are avoided deliberately to prevent potential controversies and subjective interpretations.
- Large-scale projects of this nature often carry political implications that cannot be disregarded.
- Efforts are being made to present the proposal to the Ministry of Land, Infrastructure, and Transport for approval.
- Privately funded projects with demonstrated economic benefits may be the key to successful implementation.
Main Keyword: Infrastructure Development
SK Yongin Semiconductor Clusters growth and the transformation of local infrastructure are intricately linked. This is further underscored by the recent announcement of the 4th National Railway Network Construction Plan and its impact on the continued evolution of the SK Yongin Semiconductor Cluster. The planned connection of the East and West regions through the Semiconductor Expressway is set to play a pivotal role in shaping the future landscape of SK Yongin. The unveiling of this crucial infrastructure project marks a significant milestone in the ongoing development saga of the semiconductor hub.
To summarize the progression:
- Announcement of 4th National Railway Network Construction Plan
- Introduction of Semiconductor Expressway for regional connectivity
- Significance of infrastructure development for SK Yongin Cluster
| Event | Impact |
|---|---|
| 4th National Railway Network Plan | Catalyst for enhanced transportation |
| Semiconductor Expressway | Enhanced regional connectivity |
The cohesive development of SK Yongin Semiconductor Cluster and the supporting regional infrastructure is a testament to the collective vision for growth and innovation in the semiconductor industry. This symbiotic relationship between technological advancement and infrastructural progress underscores the dynamic evolution of SK Yongin as a leading hub in the semiconductor realm.The development of the SK Yongin Semiconductor Cluster and the rapid changes in regional infrastructure are noticeable. Not only real estate news but also real estate professionals on YouTube and bloggers are already sharing their knowledge and forecasts. 2021.
Summary:
- The development of the SK Yongin Semiconductor Cluster and changes in regional infrastructure are significant.
- Professionals in real estate are actively discussing these developments and their potential impact.
- 2021 marks a period of key transformations in the industry.
Economic Outlook of SK Yongin Semiconductor Cluster
Considering the previous post about the above, which was not included in the national railway network plan but gained sufficient business justification in this presentation, it seems that the economic prospects and regional social changes in SK Yongin Semiconductor Cluster are promising. The 500 trillion won production-induced effect and 160 people employed contribute significantly to the local economy.
Summary:
- SK Yongin Semiconductor Clusters economic outlook is promising.
- The previous oversight of the national railway network plan has now been rectified.
- The clusters production impact is significant, creating job opportunities in the region.
| Key Points |
|---|
| Economic prospects are positive |
| Impact on job creation |
SK Yongin Semiconductor Cluster is expected to have a significant economic impact and bring about a transformation in the local community with the creation of over ten thousand jobs.
Furthermore, a total investment of 300 trillion won will be injected into the project, with the operation scheduled until 2042. Therefore, the scale, location, and other details can be estimated based on the announcements made by the government and Yongin City.
Summary:
- SK Yongin Semiconductor Cluster will generate over ten thousand jobs, boosting the local economy.
- An investment of 300 trillion won will be made, supporting the project until 2042.
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