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SK Chairman Vows to Speed Up New Semiconductor Cluster in Southwest Korea

SK Chairman Chey Tae-won pledged to speed up a new semiconductor cluster in southwestern South Korea amid rising chip demand.

AI News Feed · 2026-10-09 16:40

"Once the conditions are met, we plan to build (the new cluster) as quickly as possible," Chey said. "Demand for chips is growing rapidly, and the current situation requires us to accelerate the pace of supply to keep up with demand," he added.

Chey said the group still needs to determine when construction will begin but stressed that it intends to break ground as soon as possible. He noted that demand for chips is expected to grow significantly, adding that the proposed cluster will be around two-thirds the size of the one currently under construction in Yongin, just south of Seoul.

The visit was Chey's first to the region since the conglomerate unveiled its building plan in June. Earlier in the year, SK hynix and Samsung Electronics Co. unveiled long-term investment projects in the region, including plans to build two new memory chip fabrication plants each. In July, Gwangju Air Base was selected as the site for the project, with the government aiming to begin scale production in 2030.

Editor's Summary

SK Group Chairman Chey Tae-won said the group will push to build a new semiconductor cluster in southwestern South Korea as quickly as possible, citing rapid growth in chip demand. The proposed cluster at Gwangju Air Base would be about two-thirds the size of the project under construction in Yongin. SK hynix and Samsung have also announced long-term investment plans in the region, while the government aims for scale production in 2030.