Gyeonggi Province Participates in Korea-UK Semiconductor Industry Investment Briefing to Promote Investment Environment

[Suwon Ilbo=Reporter Park No-hun] Gyeonggi Province announced on the 14th that it will participate in the Korea-UK Semiconductor Industry Investment Briefing held on the 15th at the Marriott County Hall Hotel in London, UK, to promote the province's semiconductor industry environment and incentives to UK companies.

At this event hosted by the KOTRA London Trade Office, the Korea investment environment and support systems, K-Semiconductor industry status, Gyeonggi Province policies on the semiconductor industry, and successful cases of UK companies investing in Korea will be introduced to approximately 30 semiconductor-related companies and relevant organizations including the UK Department for Business, Energy and Industrial Strategy and the UK Semiconductor Industry Association.

The province, representing local governments of Korea, will provide promotional video material on the investment attraction environment of Gyeonggi Province, the 'center of K-Semiconductor,' to companies at the venue.

The promotional video introduces Gyeonggi Province as an optimal business location featuring a massive market of 1.6 billion people in Northeast Asia, convenient transportation including airports, ports, railways, and expressways, and excellent workforce. It also presents Gyeonggi Province's solid semiconductor industry ecosystem centered on Samsung, SK Hynix, and Pangyo Techno Valley, as well as the province's support policies for foreign-invested enterprises.

The UK has semiconductor design companies such as ARM forming a cluster centered in the Cambridge region and conducting active business, while also having numerous semiconductor materials and components manufacturers and companies related to silicon and compound semiconductors.

The province expects this investment attraction briefing to be an opportunity to showcase K-Semiconductor policies and the investment environment of Gyeonggi Province at the center of them, thereby attracting major companies.

Lee Min-woo, head of the Investment Promotion Division at the Province, said, "We hope this becomes a venue for mutually beneficial exchanges between Cambridge cluster companies with strong capabilities in the semiconductor fabless (design specialist) sector and Korean companies developing non-memory semiconductor production capabilities."