Busan is good

Nature Flower Semiconductor to Build Power Semiconductor Plant in Busan … Investment of KRW 10 Billion, Completion Targeted for February 2026

내용

Busan Metropolitan City (Mayor Park Heong-joon) announced today (September 16) that the groundbreaking ceremony for Nature Flower Semiconductor (NFS)’s plant will be held at 11:00 a.m. at the construction site located at 402-2, Imlang-ri, Jangan-eup, Gijang-gun.

This groundbreaking ceremony is part of Power Semiconductor Power Week (September 14–19, six days) and marks the start of construction of the first factory of the next-generation power semiconductor company, NFS.

This investment, leveraging the designation of a specialized complex for power semiconductor materials, parts, and equipment, will inject about KRW 10 billion to build a production plant on a 4,239㎡ site with a total floor area of 1,400㎡, targeting completion in February 2026.

Participants at the event will include municipal officials as well as Kim Kwon-je, CEO of IQ Lab; Choi Yun-hwa, Chairman of the Korea Power Device Industry Association; Jeong Jin-geun, CEO of Hyosung Electric; Ren Liang Huang, CEO of NAMUGA; and representatives from China. About 100 people from industry, academia, and research will attend. The program will include opening remarks, congratulatory speeches, commemorative addresses, and the groundbreaking ceremony.

NFS, founded in 2022, is a technology-innovative company aiming to grow into a leading enterprise in the field of SiC (silicon carbide) power semiconductors. NFS will specialize in core fields such as ultra-high-purity silicon wafer production, next-generation power semiconductor device design, and packaging.

For the manufacture of ultra-high-purity silicon wafers, NFS has received preliminary approval from the Korea Atomic Energy Research Institute to utilize the HANARO research reactor in Daejeon, which has an annual capacity of 20 tons. Until the new 150-ton capacity Export Research Reactor is completed, the company will use this facility for product development and manufacturing.

Meanwhile, CEO Shin Hoon-gyu, an expert in power semiconductors, has been serving as a policy advisor to Busan Metropolitan City since October 2023. In particular, he has worked to localize materials and components in connection with large-scale national projects, such as the Export Research Reactor in Gijang and the designation of the specialized complex for power semiconductor materials, parts, and equipment in July 2023.

Since the designation of the specialized complex in July 2023, the city has been providing customized support measures, including announcing tailored support plans, pursuing additional designation as a Special Opportunity Development Zone, and building the second phase of the Power Semiconductor Center. Busan is also striving to secure additional budget for the early completion of the Export Research Reactor in Gijang and the development of carbon ion doping technology.

NFS CEO Shin Hoon-gyu stated, “With the strong support of Busan Metropolitan City, we will strive to grow into a cutting-edge company that creates new high-quality jobs and serves as a turning point for the regional economy, while leading global technology in power semiconductors.”

Mayor Park Heong-joon emphasized, “Busan Metropolitan City will continue to do its utmost to smoothly advance and support large-scale national projects in the southeastern industrial complex, such as the Export Research Reactor and the Particle Accelerator-based Cancer Treatment Center, so that we can consistently attract innovative companies like Nature Flower Semiconductor.”