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Industry
South Korea to add 230,000-plus homes in capital region, to announce 100,000 new sites this year
South Korea plans to add 230,000-plus homes in the Seoul capital region by speeding up public land development, raising the pace of redevelopment and urban housing projects, and expanding non-apartment supply and public sale and rental housing. The government will cut the time from announcing candidate public sites to starting construction and will announce 100,000 homes in new public housing districts this year. It also plans to ease rules for redevelopment and provide new public rental and lease-support programs for young people.
Industry
Semiconductor fab buildout accelerates, power grid supply a variable
Semiconductor makers are moving up fab construction schedules in Yongin, but power grid and water supply plans are not keeping pace. Samsung Electronics targets 2029 for its first fab at the Yongin national industrial complex, while SK Hynix plans to open a cleanroom for its first fab in early 2027. The government has brought forward the final power supply date to 2042, and current supply is about 1.9 gigawatts.
Industry
Samsung Electronics unveils modular housing solution with AI Home
Samsung Electronics is presenting an AI Home-based modular housing solution in South Korea for the first time. The company said it will exhibit the modular home solution at 2026 Korea Build Week at KINTEX in Ilsan from Feb. 4 to Feb. 7. The 59.5-square-metre home has seven areas and links devices and SmartThings features for security, energy saving and daily routines, including laundry, kitchen management and sleep settings.
