Table of Contents
- 10 billion investment, new power semiconductor base in Gijang-gun Jang-an Industrial Complex
- Scale of the factory and core business areas
- Strategic vision of NFS and Busan city
- Impact on local economy and job creation
- Conclusion: Busan leaps as an innovation city for power semiconductors
- Frequently Asked Questions (FAQ)
10 billion investment, new power semiconductor base in Gijang-gun Jang-an Industrial Complex
Busan is establishing itself as a center for the next-generation power semiconductor industry. Nature Flower Semiconductor Co., Ltd. (NFS) has begun constructing a power semiconductor production factory within the Southeast Radiation and Science Industrial Complex located in Gijang-gun Jang-an-eup, with an investment of 10 billion won. The factory is scheduled to be completed in February 2026.
The groundbreaking ceremony took place at 11 a.m. on September 16, as one of the major events of the ‘Power Semiconductor Power Week’ (September 14-19), attended by approximately 100 personnel from academia and industry, creating a meaningful occasion. It is expected to make significant contributions to the development of Busan’s power semiconductor industry.
At this event, various domestic and foreign figures gathered, including Shin Hoon-kyu, CEO of NFS, Park Hyung-jun, Mayor of Busan, Choi Yoon-hwa, Chairman of the Korea Electric Power Device Industry Association, Kim Kwon-je, CEO of IQ Lab, Jung Jin-geun, CEO of Hyosung Electric, and Hwang In-ryang, CEO of NAMUGA (China). This occasion became an important opportunity to strengthen the global network in the field of power semiconductors.
The construction is part of the material, parts, and equipment specialized complex project designated by the Ministry of Trade, Industry and Energy and can be seen as an important milestone for Busan City to advance in building the future semiconductor ecosystem. These efforts are expected to greatly contribute to the future development of the semiconductor industry.
Scale of the factory and core business areas
The new factory will be designed with a land area of 4,239㎡, a total floor area of 1,400㎡, and a building area of 598㎡. At the heart of this project lies the manufacturing of ultra-pure silicon (Si) wafers and the design and packaging of next-generation power semiconductor devices, encompassing the entire cycle of power semiconductor technology development.
In particular, NFS will produce ultra-pure silicon wafers using the Hanaro Research Reactor of the Korea Atomic Energy Research Institute (Daejeon, with a capacity of 20 tons per year), and plans to develop prototypes based on this until the completion of the new research reactor in Gijang, which will have a capacity of 150 tons per year. Through this strategy, NFS aims to increase the localization rate and enhance global competitiveness.
Strategic vision of NFS and Busan city
Established in 2022, Nature Flower Semiconductor (NFS) is an innovative company rapidly growing in the field of SiC (silicon carbide) power semiconductors. Dr. Shin Hoon-kyu, a recognized expert in the field, serves as the CEO. He is currently active as a policy advisor to the city of Busan, leading the strategy for linking national projects and the industrial ecosystem.
Since being designated as a specialized complex for power semiconductor materials, parts, and equipment in July 2023, Busan City has been continuously providing customized support. This includes strengthening infrastructures such as the construction of the second fab of the power semiconductor center, the additional designation of opportunity development special zones, and the support for heavy ion doping technology research.
The commencement of NFS construction can be seen as a successful implementation of the city and national strategies. The efforts for the development of Busan's power semiconductor industry are expected to continue in the future.
Impact on local economy and job creation
The completion of the NFS factory is expected to be a significant opportunity to invigorate the semiconductor ecosystem in Busan, going beyond mere production capacity enhancement. Once this factory is fully operational, quality job creation is anticipated in various fields such as research and development, production, and equipment operations.
Moreover, by collaborating with global power semiconductor companies and expanding exports, Busan is expected to further solidify its position as a central city of advanced industries. Such development is expected to have a positive impact on the local economy.
Conclusion: Busan leaps as an innovation city for power semiconductors
The construction of Nature Flower Semiconductor’s power semiconductor factory serves as a signal for the advancement of Busan’s advanced semiconductor industry.
With an investment of 10 billion won, it aims to be completed by February 2026, which indicates a significant change in Busan’s industrial structure. The Gijang-gun Jang-an Industrial Complex has the potential to grow into a global hub for power semiconductor-related materials and components.
Starting from this groundbreaking, Busan is expected to accelerate its innovative transformation for future industries.
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Frequently Asked Questions (FAQ)
Q. What is the scale and investment amount for the construction of Nature Flower Semiconductor (NFS)'s power semiconductor factory in Busan?
NFS is building a power semiconductor factory in the Jang-an Industrial Complex in Gijang-gun, Busan, with an investment of 10 billion won and a scale of 4,239㎡.
NFS is establishing a factory on a site of 4,239㎡ within the Southeast Radiation and Science Industrial Complex, with a total floor area of 1,400㎡ and a building area of 598㎡. A total investment of 10 billion won is being made for this project, which aims for completion in February 2026. This factory will be responsible for the development and production of technologies covering the entire power semiconductor industry, including the manufacture of ultra-pure silicon wafers and the design and packaging of next-generation power semiconductor devices.
Q. What are the core technologies and strategies of the power semiconductor business promoted by NFS?
NFS focuses on the production of ultra-pure silicon wafers and the design and packaging technology development of SiC power semiconductors.
NFS produces ultra-pure silicon wafers with a capacity of 20 tons per year through the Hanaro Research Reactor of the Korea Atomic Energy Research Institute and plans to concentrate on prototype development using this until the completion of the new reactor in Gijang. Especially, it is achieving innovation in the field of SiC (silicon carbide) power semiconductors, with the aim of increasing the localization rate and enhancing global competitiveness. It focuses on securing technological capabilities that encompass the entire cycle of power semiconductors.
Q. What support and strategic vision does Busan City and the government have regarding the construction of the NFS factory?
Busan City is focusing on customized support and infrastructure enhancement since the designation as a power semiconductor specialized complex.
In July 2023, Busan was designated as a specialized complex for power semiconductor materials, parts, and equipment, and based on this, it has been strengthening various corporate support infrastructures, including the construction of the second fab of the power semiconductor center, additional designations of opportunity development special zones, and support for heavy ion doping technology research. The groundbreaking of NFS's factory is being assessed as a successful implementation of the city and national policies for industrial nurturing, playing an important role in developing Busan as an innovation hub for the power semiconductor industry ecosystem.
Q. What is the impact of the construction of NFS power semiconductor factory on the local economy and job creation in Busan?
The operationalization of the NFS factory is expected to create quality jobs in Busan and revitalize the local economy.
After the completion of the factory, employment will be created in various sectors such as research and development, production, and equipment operation, significantly contributing to activating the semiconductor industry ecosystem in Busan. Additionally, by collaborating with global power semiconductor companies and expanding exports, it will have a positive impact on establishing Busan as a central city of advanced industries. The development of the local economy and job growth will further strengthen the industrial competitiveness of Busan.
Q. What is the growth background of Nature Flower Semiconductor (NFS) and the role of its CEO?
NFS is an innovative company in the SiC power semiconductor field established in 2022, led by CEO Shin Hoon-kyu.
NFS is an innovation company rapidly growing in the field of SiC (silicon carbide) power semiconductors, with Dr. Shin Hoon-kyu serving as the CEO. Dr. Shin leads the company’s technological development based on his expertise in power semiconductors and serves as a policy advisor to Busan City, contributing to strategies for linking national projects with the industrial ecosystem. This leadership and expertise play an important role in the growth of NFS and the development of the semiconductor industry in Busan.