Publication

Is Southern Gyeonggi Korea's Future Growth Engine? Ten Years of Growth and the Tasks for the Next Ten

Over the past ten years the eight cities of Gyeonggi's semiconductor belt, Hwaseong and Pyeongtaek in particular, were a growth engine for Korea: they accounted for 25.8% of the 2.88 million jobs added nationwide between 2015 and 2025, against a 2015 share of 9.0%. This growth depends on one industry and a few cities, with semiconductors at 72% of the eight cities' exports in January to August 2026. The report recommends regular publication of completion targets and cost sharing for power, water and transport, and diversification beyond semiconductors.