Miyagi Prefecture has announced plans to close its local office in Dalian, China, at the end of December 2026, while reports have emerged that South Korean semiconductor giant SK hynix may build a plant in the prefecture.
Miyagi Prefecture has announced plans to close its local office in Dalian, China, at the end of December 2026. The prefecture explained that the closure was related to a decline in efforts to expand sales channels, noting that no new corporate expansions had been seen since 2016, before the COVID-19 pandemic.
Meanwhile, a plan has emerged for South Korean semiconductor giant SK hynix to build a plant in Miyagi Prefecture. The investment is reported to be on a scale of several trillion yen, but both the prefecture and the company maintain that no decision has been made.
In the past, a plan for a Taiwanese semiconductor plant was announced in 2023 but fell through because of construction costs and issues with the subsidy conditions. Some have pointed to possible benefits for Miyagi Prefecture in choosing South Korea as a partner for regional development amid a deterioration in Japan-South Korea relations.
No formal decision or concrete progress on the matter has yet been confirmed, and attention remains focused on future reports.