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YONGIN, South Korea — The ambitious project to establish the "Yongin Advanced System Semiconductor National Industrial Complex" in the Idong and Namsa districts of Yongin, Gyeonggi Province, is accelerating as land compensation negotiations officially get underway. With the procurement process for site development expected to begin shortly, groundbreaking is projected for as early as the second half of next year.

According to the City of Yongin and industry sources on Monday, the Korea Land and Housing Corporation (LH) and Samsung Electronics finalized a land purchase agreement on December 19 to pave the way for the industrial complex.

Following the agreement, LH launched compensation talks on December 22 with landowners regarding land and "obstructions" (including buildings, structures, and trees) within the designated site. As of December 26, the compensation process recorded a completion rate of 14.4%.

LH plans to proceed with the compensation in sequential phases, starting with this initial round of negotiations. The corporation is expected to issue a call for bids for the construction of the industrial complex soon, with the goal of breaking ground in the latter half of 2026.

The Yongin Advanced System Semiconductor National Industrial Complex is a mega-project spanning 7.77 million square meters. Samsung Electronics plans to construct six system semiconductor fabrication plants (Fabs) at the site, with a projected investment of 360 trillion won (approximately $270 billion). Industry analysts suggest the total investment could increase even further in the future.

In addition to Samsung’s production lines, the complex is designed to house over 80 partner companies specializing in semiconductor materials, components, and equipment, as well as various research institutions, creating a massive semiconductor ecosystem in the heart of South Korea.