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Industry

K suppliers buzz as government, Samsung, SK Hynix unveil 800 trillion won plan for second chip cluster

South Korea\'s semiconductor materials, parts and equipment sector is drawing attention after the government, Samsung Electronics and SK Hynix unveiled an 800 trillion won investment plan for a second semiconductor cluster in the southwest. The government is pushing three mega projects centered on semiconductors, physical AI and AI data centers. It expects early benefits for infrastructure and process equipment orders and aims to link production in the southwest with supplier bases in the southeast and Daegyeong regions.

Finance

Dongtan, Giheung, Guri designated as regulated areas; mortgage LTV set at 40 percent

South Korea designates Dongtan in Hwaseong, Giheung in Yongin and the city of Guri as regulated areas, tightening housing-related lending rules. From July 1, the mortgage loan-to-value ratio in the areas falls to 40 percent from 70 percent under non-regulated standards, while some categories such as first-time home purchases and policy mortgages apply eased ratios. Jeonse loans, large credit loans and business loans for home purchases also face tighter limits.

Industry

Samsung Electronics to reshape future industry portfolio with region-specific clusters

Samsung plans to reorganise its future industry portfolio into four regional clusters, centred on a Seoul metropolitan semiconductor hub and additional bases in Honam, Chungcheong and Yeongnam. The company said it will invest a total of 2,655 trillion won domestically to foster cutting-edge future industries. Spending includes 2,030 trillion won for the capital region’s chip cluster and 625 trillion won for AI semiconductors, robots, batteries and IT components and materials in other regions.