The South Korean government, led by the Ministry of Trade, Industry and Energy in collaboration with related ministries, has announced a comprehensive plan to streamline regulatory processes and accelerate investment in semiconductor megaprojects.

To drastically shorten the timeline between complex development and actual fabrication facility operations, the government is introducing a fast-track system.

Rather than executing site selection, permitting, land compensation, and design in a slow, sequential manner, these procedures will now be processed simultaneously or in a single batch.…