How the New Jeonnam-Gwangju Special City Law Could Transform the Semiconductor Industry in 2026

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“I extend my heartfelt gratitude to President Lee Jae-myung, whose love for the Honam region surpasses even that of many local residents.”

Kim Young-rok, dubbed the “architect of unification” and Governor of Jeonnam Province, took to Facebook on the 5th to comment on the federal cabinet’s approval of the Jeonnam-Gwangju Administrative Integration Act. He stated, “Trusting in our highly capable president, we decided to ‘think big’ with the Gwangju-Jeonnam administrative merger. Once we announced our intentions, the integration initiative hit its mark, establishing the country’s first integrated metropolis. This success is entirely due to the president’s efforts.”

Governor Kim highlighted the substantial financial backing provided by the administration, saying, “The president offered an unprecedented financial incentive of 20 trillion KRW (approximately 15 billion USD) without strings attached. This gave us the momentum to move forward swiftly.” He expressed further appreciation, noting that the president’s emphasis on speed allowed them to progress rapidly while still adhering to all necessary procedures, including public hearings with local officials across all municipalities.

Kim emphasized that Jeonnam and Gwangju have seized a pivotal opportunity to reshape their future. “This will be remembered as a landmark achievement in the millennia-old history of Jeolla Province,” he declared.

The governor pledged that attracting cutting-edge industries, particularly semiconductor companies, to the newly integrated metropolis would catalyze a significant shift away from the long-standing Seoul-centric mindset. “Jeonnam and Gwangju are committed to implementing business-friendly policies to ensure we secure a semiconductor cluster in our region,” he affirmed.