According to Yonhap News,
Busan=Yonhap News) by Kim Jae hong 

JMJKorea, a power semiconductor producer once located near Seoul in 2008 (KRW 9.4 billion in sales / KRW 50 billion in export earnings, 2018) moves to the city of Busan this year. Busan city announced on Feb. 17 that the local government and JMJ will reach an investment contract for the facility transfer.

JMJ is the only producer in Korea who can make power semiconductor devices, a type of semiconductors used as a rectifier in power electricity to improve energy efficiency, and one of major suppliers working with Samsung electronics, Texas Instrument and Infineon. This small but strong manufacturer is planning to make a KRW 8.1 billion investment in business relocation, moving their R&D centers, the head office and a production line into new facilities inside the national industrial cluster for medical service in Gijang County, Busan city.

The investment appears to contribute a lot to local employment and agglomeration of semiconductor business in Busan over the next decades. The city has long focused on how to well foster power semiconductor business, very promising and applicable to a wide variety of industrial landscape ranging from small home appliances, automobile to robots.

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Source: Yonhap News (Feb. 17 , 2020)