Germany’s Linde Establishes USD 30 Million LED Gas Production Facility in Giheung
Gyeonggi’s Demand for Law Revision Accepted by Central Government

Gyeonggi Province succeeded in securing direct invest from Germany’s Linde, an industrial gas producer, after law revision.

Gyeonggi Governor Kim Moon-Soo, Ministry of Knowledge Economy Trade Investment Director Kim Gyeong-Sik, Yongin City Mayor Seo Jeong-Seok, and Linde Group Semiconductor Representative Karl Jackson signed a Memorandum of Understanding at 2PM on March 30th for the construction of a high-purity hydrogen gas factory in Giheung of Yongin City.

Linde’s new USD 30 million factory will produce high-purity hydrogen gas for provision to domestic LED producers.

One of the most interesting features of the investment by Linde is that it is a success story for foreign direct investment inducement following the revision of relevant law.  Linde’s investment was initially blocked by the “Industrial Cluster Vitalization and Factory Establishment Act,” which prohibits the establishment of 500 m2 or larger conglomerate factories in the area.  Gyeonggi Province demanded that the central government revise this law, and the Korean National Assembly passed revised law that allows foreign-invested companies to build 500 m2 facilities.
Linde’s investments in Korea total USD 380 million and include semiconductor-gas production facilities constructed in 2005 (USD 170 million) and 2008 (USD 180 million).

Governor Kim said, “Linde’s decision to make their third Korean investment here proves Gyeonggi’s suitability for industry.” He added that it was “most meaningful that Gyeonggi Province, Yongin City and the Ministry of Knowledge Economy successfully collaborated in reducing restrictions and securing investment.”

Contact Investment Promotion Team 8008-2763