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South Korea's Democratic Party Announces Plans to Develop Southwest Semiconductor Hub on July 5

2026-07-05 10:04:02

According to the Democratic Party of Korea, party officials announced on July 5 plans to develop an advanced industrial city in the southwest region that combines production, innovation, and settlement, aiming to establish it as a second semiconductor production hub. During a high-level party-government council meeting at the Prime Minister's official residence in Seoul, party spokesman Kang Jun-hyeon stated the government and party agreed to concentrate national resources on securing leadership in the AI revolution and strengthening semiconductor competitiveness. The party will establish a support task force for three mega-projects and provide legislative support, while the government pledged to coordinate across ministries, local governments, and parliament to ensure timely implementation of corporate investment plans included in the projects.

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