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Busan Metropolitan City Launches the K-Marine Semiconductor Alliance, Stepping Up Convergence Cooperation Between Shipbuilding and Marine Semiconductors

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it will hold the launch ceremony for the K-Marine Semiconductor Alliance, which will serve as a new milestone for Korea’s marine semiconductor industry, at 15:00 today (the 19th) at Signiel Busan in Haeundae-gu.

The event will be attended by Mayor Park Heong-joon; key guests including National Assembly member Jeong Dong-man, Yang Jae-saeng, Chair of the Busan Chamber of Commerce and Industry, and Seong Chang-yong, Chair of the Planning and Finance Committee of the Busan Metropolitan Council; semiconductor companies such as SK keyfoundry Co., Ltd. and DB HiTek Co., Ltd.; representatives and executives from major domestic shipbuilders including HD Hyundai Heavy Industries Co., Ltd., Hanwha Ocean Co., Ltd., and Samsung Heavy Industries Co., Ltd.; and approximately 150 participants from industry, academia, research institutes, and related organizations.

This launch ceremony was 마련ed to establish a private sector–led cooperation framework and to promote the internalization of core technologies through linkage between shipbuilding and marine industries—Korea’s pivotal industries—and the semiconductor industry, in order to help Busan advance as a “next-generation global hub city for marine semiconductors.”

Busan Metropolitan City will operate the K-Marine Semiconductor Alliance in connection with national semiconductor policies and shipbuilding and marine industry strategies.

In line with the government’s policy direction for fostering the semiconductor industry, innovation strategies for the southern region, and digital transformation policies for shipbuilding and marine industries, the city plans to jointly pursue the attraction of large-scale national projects and the expansion of private investment.

To this end, the city envisions creating an innovation belt by linking the Gijang Power Semiconductor Specialized Complex, the Yeongdo Boost Belt, and the Haeundae Second Centum Urban Convergence Special Zone, while gradually fostering a marine semiconductor industrial complex (cluster) with the goal of entering the global top 30.

In addition, through the launch of this Alliance, Busan Metropolitan City will fully scale up the establishment of a private sector–led next-generation marine semiconductor supply chain (value chain).

Semiconductor companies will be responsible for designing and producing system and power semiconductors suitable for marine environments, while shipbuilding companies will serve both as demand sources for domestically produced marine semiconductors and as test beds for mass-production validation, driving the growth of the industrial ecosystem.

Busan Metropolitan City plans to pursue policy and financial support measures, including attracting and supporting the National Growth Fund, investment attraction subsidies of up to KRW 33 billion, and tax incentives associated with designation as a Special Zone for Opportunity Development.

Going forward, Busan Metropolitan City plans to develop the K-Marine Semiconductor Alliance into a practical cooperation platform through operating a regular consultative body, identifying joint projects, and expanding international cooperation.

Through these efforts, the city aims to promote higher value-added development of the marine industry and expand application areas for the semiconductor industry, leading to the advancement of the regional industrial structure and the creation of quality jobs.

The city also expects that expanding cooperation with promising domestic and international companies and research institutions will contribute to the localization of marine semiconductor technologies and the stabilization of supply chains.

Mayor Park Heong-joon is expected to say, “Busan is serving as a core hub of the southern region’s semiconductor innovation belt based on public infrastructure for power semiconductors,” adding, “The K-Marine Semiconductor Alliance being launched today is the first step in expanding the application areas of Korea’s semiconductor industry into the marine sector and a model case of public–private cooperation. It is expected to provide an opportunity for Busan to leap forward as a global hub recognized worldwide for marine semiconductors.”