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Wonju Initiates Industrial Advancement… Construction commenced for three semiconductor companies
On February 3, the City of Wonju announced that all three semiconductor companies it attracted during the local government inaugurated from 8th local election have started their construction.
DS Techno held a groundbreaking ceremony for its Munmak plant on January 31 and presented its investment plans. The company plans to complete construction by March 2026 and invest an additional KRW 50 billion while hiring 110 more employees by 2030.
An official from DS Techno stated, "We successfully streamlined the factory establishment procedures—such as building permits and construction notifications—which typically take several months, to about one month, ensuring a smooth business process," expressing the company's intention for further investment.
Previously, Entegris Korea commenced construction on October 7 last year, planning to invest KRW 8.5 billion and hire 55 new employees.
GQL began construction on December 1, 2023, completed it in October last year, invested KRW 47 billion, and created 45 new jobs. Along with the plant's completion, GQL also relocated its headquarters to Wonju, which was not initially planned.
Upon the launch of the local government inaugurated from 8th local election, the city underwent an organizational restructuring focusing on economic growth and corporate investment attraction, actively pursuing an economic-centered city administration.
Specifically, it reorganized the organizational structure by creating an Economic Bureau and an Investment Promotion Division, which will play a frontline role in attracting businesses.
In addition, it also formed a "One-Stop Enterprise Support Task Force", to facilitate corporate investment activities, through efficient administrative support.
Through the establishment and operation of a one-stop support system, the city provides tailored corporate services and comprehensive support throughout the investment process—from construction permits and groundbreaking to completion and business operations—ensuring swift execution.
Moving forward, Wonju-si plans to continue integrated management and support for attracted companies while addressing corporate concerns to establish itself as a business-friendly economic city.
limbo@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.02.07
Views
104
According to Yonhap News,
On February 3, the City of Wonju announced that all three semiconductor companies it attracted during the local government inaugurated from 8th local election have started their construction.
DS Techno held a groundbreaking ceremony for its Munmak plant on January 31 and presented its investment plans. The company plans to complete construction by March 2026 and invest an additional KRW 50 billion while hiring 110 more employees by 2030.
An official from DS Techno stated, "We successfully streamlined the factory establishment procedures—such as building permits and construction notifications—which typically take several months, to about one month, ensuring a smooth business process," expressing the company's intention for further investment.
Previously, Entegris Korea commenced construction on October 7 last year, planning to invest KRW 8.5 billion and hire 55 new employees.
GQL began construction on December 1, 2023, completed it in October last year, invested KRW 47 billion, and created 45 new jobs. Along with the plant's completion, GQL also relocated its headquarters to Wonju, which was not initially planned.
Upon the launch of the local government inaugurated from 8th local election, the city underwent an organizational restructuring focusing on economic growth and corporate investment attraction, actively pursuing an economic-centered city administration.
Specifically, it reorganized the organizational structure by creating an Economic Bureau and an Investment Promotion Division, which will play a frontline role in attracting businesses.
In addition, it also formed a "One-Stop Enterprise Support Task Force", to facilitate corporate investment activities, through efficient administrative support.
Through the establishment and operation of a one-stop support system, the city provides tailored corporate services and comprehensive support throughout the investment process—from construction permits and groundbreaking to completion and business operations—ensuring swift execution.
Moving forward, Wonju-si plans to continue integrated management and support for attracted companies while addressing corporate concerns to establish itself as a business-friendly economic city.
limbo@yna.co.kr
Source Text
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Source: Yonhap News (February 3, 2025)
** This article was translated from Korean.