President Lee: “Bold investment in becoming a ‘super gap industrial powerhouse’ becomes a reality in just 4 months”

President Lee Jae-myung said on the 12th, "We will focus all policy capabilities to ensure that the mega project is not limited to expanding companies' production facilities to local areas, but is completed as 'growth for all' and 'true balanced national development' that substantially changes the lives of the region and the people."

President Lee attended the 'Chungcheong Area Mega Project Groundbreaking Ceremony' held at the Samsung Electronics Onyang Campus construction site in Asan, South Chungcheong Province on this day and said in a congratulatory speech, "I hope that the first shovel lifted today will go beyond Chungcheong's dazzling leap forward and become a solid stepping stone to establish an 'irreplaceable Republic of Korea' that no one can surpass."

President Lee said, "Just four months after promising a bold investment plan to become a super-gap industrial power here in Chungcheong last July, we are standing at the scene of turning that promise into reality. I would like to thank Chairman Lee Jae-yong and other executives and employees of the Samsung Group who decided on a bold investment and showed prompt execution, and to the citizens of Chungcheong and the province who rallied together to start construction."

He continued, "Through this investment, the Onyang Campus will establish a new high-tech packaging fab worth 6 trillion won, and an additional 40 trillion won worth of high-tech equipment investment will follow, making it a 'core base for cutting-edge high-bandwidth memory (HBM) packaging.'"

He also introduced, “This wave of innovation is not limited to Asan and Sejong, but is rapidly spreading throughout the Chungcheong region,” adding, “Preparations for the start of construction of the memory and advanced packaging fab in Cheongju, the AI ​​data center in Dangjin, and the biopharmaceutical production facility in Osong are proceeding without a hitch.”

Regarding the background to this achievement, he said, "The local government's dedicated efforts played a decisive role in enabling the bold plan to start construction in just four months." He encouraged, "This is an exemplary example that clearly shows how quickly changes in the field can occur when local governments take an active role."

At the same time, he promised, "The central and local governments will form a 'one team' and take full responsibility for the construction of key infrastructure such as various licenses and permits and power and water so that all investment plans not only in the Chungcheong region but also in the Honam and Yeongnam regions are carried out without a hitch."

In addition, President Lee emphasized, "More than anything, local residents should be able to enjoy the fruits of this huge investment together," adding, "New growth opportunities will open up for local small and medium-sized businesses and small business owners, and young people should be able to work, build a home, and plan their future here in Chungcheong without having to go far away to find good jobs."