□ The construction of Samsung Electronics´ biggest industrial complex in Peongtaek, Gyeonggi-do has spaded the soil.   

 o Gyeonggi Urban Innovation Corporation hosted the ground breaking ceremony of Pyeongtaek Godeok Samsung Electronics Industrial Complex on the 14th with the Governor of Gyeonggi-do, Kim Mun Su, CEO of Gyeonggi Urban Innovation Corporation, Lee Jae Young, the vice president of Samsung electronics, the mayor of Pyeongtaek City, and over 800 regional citizens.   

 o Pyeongtaek Godeok Samsung Electronics Industrial Complex which is being constructed on the 3.95 million ㎡ site of the entire Godeok-myeon‧ Jije-dong of Pyeongtaek City is 2.4 times the size of the current Samsung Electronics´ Suwon Plant, being the biggest size ever among the production lines in Korea and overseas, and is expected to be completed in December 2015. 

 

□ The construction work of Pyeongtaek Godeok Samsung Electronics Industrial Complex, which involves the Gyeonggi Urban Innovation Corporation investing the business expenses and Pyeongtaek City providing adminstration support, consists of 969.6 billion won of land cost, 922.8 billion won of construction costs and so on, amounting to a total cost of 2.2277 trillion won. Gyeonggi Urban Innovation Corporation has invested in 894.2 billion won until last year, and invested in 70.9 billion won this year to proceed with compensation‧construction and various infrastructure works. 

 o Lee Jae Young, the CEO of Gyeonggi Urban Innovation Corporation said, “With the construction of this industrial complex, over 72,000 employment opportunities will be generated, and furthermore, positive effects are expected to occur in not only the regional economy of Pyeongtaek, but also Gyeonggi-do, as well as the national economy,” and that “Based on the know-how of having created various industrial complexes within the province such as Paju LCG Industrial Complex, our Corporation will provide various supports and investments such as actively reflecting the investment plan of Samsung Electronics for the smooth completion of the industrial complex.”

 

□ Once the Gyeonggi Urban Innovation Corporation completes the construction of the industrial complex by December 2015, Samsung Electronics will progressively start moving into the production facilities from the year 2016, and is planning to invest more than 100 trillion won, the biggest investment in the domestic and foreign production lines ever, and the production induced effect expected to be derived from such is 189 trillion won, with the estimated employment opportunities for 127,000 people. 

 

Attachment : Photo of Pyeongtaek Godeok Samsung Electronics Industrial Complex Ground Breaking Ceremony