Gyeonggi province strives for sustainable future. Let's know more about the smart belt consortium and what it's for.
After Samsung developed the world’s first 256M DRAM in 1994, Korea took the lead in the global semiconductor memory market with many world firsts and development initiatives that produced the greatest number of components per chip. To hold on to this position, the Korean government has been working with enterprises to create strategies for realizing the world's greatest state-of-the-art semiconductor supply network: the “K-Semiconductor Belt.” This belt encompasses western areas of Giheung, Hwaseong, Pyeongtaek and Onyang, links through Yongin and branches east to include Icheon and Cheongju.
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| Seven local governments included in the smart belt agreed to formulate common policies for future industries through sustainable development |
Seven cities in southern Gyeonggi Province are part of the “K-Semiconductor Belt” and comprise the “Future-Oriented Smart Belt Consortium.” These seven local governments—Suwon, Seongnam, Anseong, Icheon, Pyeongtaek, Hwaseong and Yongin—jointly entered an agreement for the development of a future-oriented smart belt. They agreed to formulate common policies for future industries through sustainable development with their sights set on the post-COVID-19 era.
Each local government plans to undertake planning with regard to the installation and supply of new renewable energy sources, such as hydrogen power plants and small modular reactors, and to connect stable semiconductor production with relevant industries so as to flexibly expand employment. For the vitalization of local enterprises, shared ordinances will be created that give highest priority to companies in related regions; if there are no suitable enterprises, an alternative method of giving consideration to enterprises in the Smart Belt may be used. In addition, in order to contribute to the improvement of air quality in southern Gyeonggi Province, the utilization of hydrogen/electricity stands as a goal and public transportation will be transitioned to hydrogen/electric vehicles.
After the signing ceremony for the agreement, a seminar took place with the participation of approximately 50 representatives of organizations such as the Korea Economic Law Association as well as the seven local governments. During the seminar, these participants discussed methods of vitalizing local economies throughout a range of topics, such the formulation of practical policies that can actually benefit the five million residents of the seven cities, policy improvements in terms of local currency use, and the enhancement of local enterprise competitiveness.
The seven cities included in the Future-Oriented Smart Belt Consortium are mutually reliant and must respond together to future challenges impacting the semiconductor industry; they are working to make improvements together and striving to contribute to the national development.
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