![\"The](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/08\/news-p.v1.20260822.87cbc65de7ba4fe09ca2510c685c5740_P1.png\")
\uc0ac\uc9c4 \ud655\ub300 The area around the former military airfield in Songjeong-dong, Gwangsan District, Jeonnam-Gwangju, where the semiconductor cluster will be built. [Yonhap] <\/p>\nJeonnam-Gwangju is reviewing honorary road names for 895 trillion won in semiconductor investment <\/p>\n
\uc0ac\uc9c4 \ud655\ub300 The area around the former military airfield in Songjeong-dong, Gwangsan District, Jeonnam-Gwangju, where the semiconductor cluster will be built. [Yonhap] <\/p>\n
Jeonnam-Gwangju Integrated Metropolitan City said on the 23rd that it is considering granting honorary road addresses to Samsung Electronics and SK hynix, which have decided to invest 895 trillion won to build a semiconductor cluster in the Honam region. The move is meant to welcome the construction of four large semiconductor fabs and to express the city\u2019s commitment to growing together with the two companies.<\/p>\n
The integrated city plans to finish its internal review soon and then ask Gwangsan District, where the companies\u2019 plants will be located, to cooperate in designating honorary road addresses. Since SK hynix and Samsung Electronics will build and operate semiconductor fabs on the Gwangju Air Base site, the district government will handle the application and designation process.<\/p>\n
After the plan is drawn up, Gwangsan District will go through a public comment period of at least 14 days. If it passes review by the address information committee, the honorary road names will be finalized. Since \u201cSamsung-ro,\u201d designated in 2024, already exists at Heukseok Intersection in Gwangsan District, the integrated city is carefully reviewing the exact names to avoid overlap with the new honorary roads.<\/p>\n
A total of 10 honorary road names are currently designated in the Gwangju area, including 4\u00b719-ro, Kia-ro, Samsung-ro, Construction Materials Road, UNESCO Democracy and Human Rights Road, and Yoon Sang-won Democracy Road. With this decision, the Gwangju area is expected to gain its 11th and 12th honorary road addresses.<\/p>\n
The government, SK hynix, and Samsung Electronics will build semiconductor fabs on about 2.5 million pyeong of land around Gwangju Air Base, which has been selected as a candidate site for the Honam-region semiconductor advanced national industrial complex. Samsung Electronics plans to invest 425 trillion won, while SK hynix will invest 470 trillion won, for a total of four fabs, two from each company. Combined, the investment will reach about 895 trillion won.<\/p>\n
The two companies aim to begin full-scale construction in 2028, when they receive the Gwangju Air Base site. They plan to complete the first phase in 2029 and start mass production of initial output in June 2030.<\/p>\n
As such an enormous investment takes shape, Jeonnam-Gwangju is expected to undergo a sweeping industrial overhaul and achieve dramatic economic growth.<\/p>\n
According to a research report released on the 19th by the Jeonnam Research Institute, titled \u201cThe Future Economy of Jeonnam-Gwangju Transformed by a Semiconductor Mega Cluster,\u201d the cluster will generate an additional 100 trillion won in annual semiconductor sales once it enters full operation.<\/p>\n
It is also expected to create massive employment, including 20,000 direct jobs in the Jeonnam-Gwangju area.<\/p>\n
In addition, the report projects indirect job creation in related industries such as materials, parts, and equipment, as well as the development of a high-tech self-sufficient city with a resident population of 100,000.<\/p>\n
The investment is expected to raise the region\u2019s real economic growth rate sharply, from the current 1.75 percent to between 2.84 percent and 3.16 percent. The region\u2019s manufacturing structure, long concentrated in a few key industries, is also seen as gaining a rare opportunity to diversify around advanced strategic industries. In addition, full-scale operation of the Honam semiconductor cluster is expected to lift national GDP by 1.0 to 1.5 percentage points.<\/p>\n
Min Hyung-bae, Jeonnam-Gwangju Special Mayor, said, \u201cSemiconductor plants are coming to Jeonnam-Gwangju. Samsung Electronics and SK hynix are investing, and the government and the integrated city are working together. What the integrated city needs to do is clear.\u201d He added, \u201cWe will speed up administrative procedures needed to build the power grid as much as possible, and we will also make sure that infrastructure such as water supply and transportation is prepared without disruption.\u201d<\/p>\n
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