South Korean company Hanyang Eng USA Inc., a supplier to Samsung Electronics, is planning to establish its U.S. headquarters in Williamson County, Texas. The company has been approved for $450,000 in incentives by the Cedar Park Economic Development Type A Board. The headquarters will be located in the Scottsdale Crossing Technology Center at a site adjacent to Firefly Aerospace Inc., with whom Hanyang Eng hopes to partner. The company specializes in providing piping for semiconductor production and is listed as a supplier to Samsung. The move is seen as a result of the efforts by the Williamson County Economic Development Partnership to attract South Korean businesses to the Austin area.
The establishment of Hanyang Eng’s U.S. headquarters in Williamson County is a significant development for the region’s economy. The company is set to employ at least 50 people and plans to expand into aerospace, environmental, and green energy sectors alongside its existing semiconductor-related operations. The decision to locate near the Samsung chipmaking facility in Taylor further highlights the growing influence of Samsung in the region. Hanyang Eng’s presence in Williamson County is anticipated to attract additional companies as part of the “Samsung effect,” which is expected to bring hundreds of businesses to support the massive Samsung facility. With the approval of incentives and support from economic development leaders, the establishment of Hanyang Eng’s headquarters marks a positive step towards attracting international investment and driving economic growth in the area.
Cedar Park Economic Development Director Ben White emphasized the importance of timing and speed in attracting Korean companies. The approval of incentives was a crucial step in securing Hanyang Eng’s decision to establish its U.S. headquarters in Williamson County. The incentives include a grant for building purchase and funding contingent on the hiring of 50 employees over time. The economic vitality goals of the Cedar Park City Council align with the project, given its focus on electronic computing manufacturing and its connection to the Samsung supply chain. The arrival of Hanyang Eng is expected to be the first of many companies benefiting from the Samsung effect, marking a new era of economic growth and job creation in the region.
