SK’s Chey Says 12-Year Acceleration of Yongin Cluster May Fall Short, Urges Faster Honam Investment

SK Group Chairman Chey Tae-won visited a proposed semiconductor complex site in Jeonnam-Gwangju Integrated Special City, pledging to accelerate the development of a semiconductor cluster in the Honam region of southwestern Korea. He stated that semiconductor demand is rising faster than expected and that bringing forward the full completion of the Yongin semiconductor cluster by 12 years might still be insufficient.

Chey suggested the possibility of building fabs simultaneously in Yongin and Jeonnam-Gwangju as he assessed the speed at which production facilities could be constructed at the new site.

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