Seoul Semiconductor showcases LED Designs at Lightfair 2014. Photo: Internet
South Korea’s Seoul Semiconductor Co., Ltd has received a license to invest $300 million in a plant to produce semiconductors and light-emitting diodes (LEDs) in Ha Nam
province in northern Vietnam.
The South Korean firm will develop the facility on an area of 7.5 hectares in the expanded Dong Van 1 Industrial Park.
The project, to be implemented in two phases, will create around 3,000 jobs for local laborers when it comes into operation.
Set up in 1992, Seoul Semiconductor now has five production bases in South Korea, the U.S., Germany, China and Taiwan. The firm listed its shares on the Korean Stock Market (KOSDAQ) in 2002.
Ha Nam province had nearly 600 valid investment projects worth a combined capital of $4.95 billion as of June 2016, including 170 foreign-invested ones with a total capital of $1.78 billion.