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Busan Holds Performance-Sharing Conference for Its Power Semiconductor Specialization Complex, Accelerating Its Leap Toward a Global Power Semiconductor Hub

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Busan Metropolitan City Mayor Park Heong-joon announced that the City will hold the “2025 Busan Power Semiconductor Specialization Complex Performance-Sharing Conference” at 10:30 a.m. today (the 23rd) at the Mare Hall of Wyndham Grand Busan in Seo-gu.

Attendees include Park Dong-seok, Director General of the Advanced Industries Bureau of Busan Metropolitan City; Lee Seung-woo, a member of the Busan Metropolitan Council; Choi Yun-hwa, President of the Korea Power Device Industry Association; Kim Kwon-je, CEO of IQ Lab Co., Ltd.; Jin In-hwan, CTO of SK Key Foundry Co., Ltd.; Shin Hun-gyu, President of the Korean Institute of Electrical and Electronic Materials Engineers; and around 60 representatives from local power semiconductor companies, research institutes, and academia.

This performance-sharing conference was organized to share the major achievements made by the Busan Power Semiconductor Specialization Complex over the past year and to provide an opportunity for regional stakeholders from industry, academia, research institutes, and government—who have worked together to advance the specialization complex—to reflect on the significance and outcomes of their collective efforts.

At the conference, key achievements will be introduced, including: the selection of Busan as a nationally recognized excellent specialization complex for materials, components, and equipment; the securing of KRW 20 billion in national funding for the establishment of compound semiconductor manufacturing infrastructure for extreme and polar industrial applications; a 41 percent year-on-year increase in investment by power semiconductor companies such as IQ Lab Co., Ltd.; and the hosting of the International Conference on Silicon Carbide and Related Materials (ICSCRM), the first of its kind in Korea and the largest ever held.

In addition, participants will present perspectives on the direction Busan should take as a global hub city for power semiconductors going forward.

In particular, there is a shared consensus on the need to establish an industry alliance in which a wide range of industries utilizing power semiconductors—centered on Busan’s representative maritime industries—participate together.

Participants also agree that, as a core city for power semiconductors, Busan needs to complete infrastructure based on an integrated manufacturing process, establish a semiconductor technology institute at an early stage, and attract large-scale corporate investment through mechanisms such as the National Growth Fund.

Furthermore, there is broad agreement that Busan should expand future growth engines for its power semiconductor industry by linking with demand industries that require highly durable and highly reliable power semiconductors, including shipbuilding and marine industries, as well as artificial intelligence, defense, and aerospace.

Meanwhile, Busan Metropolitan City has been promoting the development of the power semiconductor industry in earnest since 2016, beginning with the passage of the preliminary feasibility study for the Power Semiconductor Commercialization Project.

In 2023, Busan was designated as a Power Semiconductor Specialization Complex for materials, components, and equipment, laying the foundation for building an industrial ecosystem. In 2024, the City was further designated as an Opportunity Development Special Zone, creating favorable conditions for growth by linking research activities with the attraction of manufacturing companies.

In 2025, through the central government’s “Ultra-Innovative Economy Project” and the “Semiconductor Industry Strategy for the Artificial Intelligence Era,” Busan was specified as a next-generation power semiconductor production hub. As a result, Busan’s long-standing vision of becoming a global hub city for power semiconductors is being evaluated as entering a full-fledged phase, supported by national-level policy backing.

Park Dong-seok, Director General of the Advanced Industries Bureau of Busan Metropolitan City, stated, “Thanks to your passion and dedication, Busan was selected as one of the nation’s excellent specialization complexes for materials, components, and equipment.” He added, “Our City will not rest on its achievements. We will continue sustained investment and support until the world recognizes Busan as a global hub for power semiconductors, and we ask for your continued interest and cooperation going forward.”