Business · Companies · 37 mins ago
LH adds 2 trillion won for housing and semiconductor projects
South Korea’s public land and housing agency, LH, will add 2 trillion won this year to two major development projects.
It says the extra money will help speed up compensation for land and move later work forward.
A further 1.3 trillion won will go to Gwangmyeong-Siheung, a planned housing district spanning Gwangmyeong and Siheung.
The project covers 12.71 million square metres and is planned to provide 67,000 homes.
Another 700 billion won is for Yongin’s semiconductor complex, where LH aims to finish compensation procedures by the end of the year.
LH says faster site preparation and infrastructure work will support construction of the first chip factory in 2028.
Korea Land and Housing Corp. (LH) will add 2 trillion won to projects in Gwangmyeong-Siheung and Yongin to speed up compensation and construction.
The funding will raise LH’s total project budget for the year from 40.7 trillion won to 41 trillion won.
Gwangmyeong-Siheung will receive an additional 1.3 trillion won, while the Yongin semiconductor industrial complex will receive 700 billion won.
LH plans to finish compensation procedures for the Yongin site within the year and support construction of its first semiconductor plant in 2028.
- Who
- Korea Land and Housing Corp. (LH).
- What
- It will add 2 trillion won to housing and semiconductor projects to accelerate compensation and subsequent work.
- When
- LH announced the additional funding on November 12, 2026.
- Where
- The Gwangmyeong-Siheung public housing district and the Yongin national semiconductor industrial complex in South Korea.
- Why
- To expand housing supply and build infrastructure for advanced industries.
This story does not have two clearly opposing sides.
LH began negotiated compensation for the Gwangmyeong-Siheung public housing district.
Work began on the priority area of the Yongin semiconductor industrial complex.
LH announced an additional 2 trillion won for the two projects.
LH aims to support the start of construction on the Yongin complex’s first semiconductor plant.
- Total additional funding
- 2 trillion won
- Gwangmyeong-Siheung allocation
- 1.3 trillion won
- Yongin semiconductor complex allocation
- 700 billion won
- LH annual project budget
- Increased from 40.7 trillion won to 41 trillion won
- Gwangmyeong-Siheung project
- 12.71 million square metres; 67,000 homes
- First Yongin semiconductor plant
- Construction targeted to begin in 2028
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What people are saying
Gwangmyeong-Siheung Public Housing District and Yongin Semiconductor National Industrial Complex are key policy projects for housing stability and securing future growth engines for the nation
We will mobilize all available resources to complete early procedures such as compensation ahead of schedule and push ahead with subsequent work at speed