DAEJEON < invest Korea

According to Yonhap News,

With establishing a nano/semiconductor parts and material demonstration and evaluation center, Daejeon-si has been determined to foster related industries as the city's new core industries.

On July 14, Daejeon-si declared the vision of nurturing nano-semiconductor industry and announced that it would make them a new growth engine city.

To this end, the city put forward three strategies: establishment of a demonstration and evaluation center, an industrial complex, grooming talents.

According to statistics, there are currently 447 nano semiconductor companies in Daejeon, most of them highly skilled parts and materials but have difficulties making large-scale R&D facilities investment.

Daejeon-si decided to support them by establishing a demonstration and evaluation center, helping companies test their product reliably.

It explained that parts and materials companies had to go overseas in many cases to have performance verifications in the past.

It said that it would cost about KRW 300 billion, considering the purchasing cost of expensive test equipment. It is to push for project based on the city's budget first and then seek national government funding later.

Daejeon-si plans to search for an optimal location for the center that can create synergy effects with the Daedeok Innopolis and companies.

For the companies, they can reduce costs and time, raising their competitiveness to enter the global market through reliability verification.

The city also decided to build an ecosystem by creating a nano-semiconductor industrial complex, in the scale of more than 3 million square meters.

The city also announced its plan to support the securing of core semiconductor technology in cooperation with research institutes in the Daedeok Innopolis such as the National Nanofab Center and the Korea Electronics-Telecommunications Institute, and to create a system for fostering specialized manpower in cooperation with KAIST and neighboring universities.

youngs@yna.co.kr

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Source: Yonhap News (July 14, 2022)