Samsung Electronics and SK hynix are set to unveil large-scale investment plans at a government briefing presided over by South Korean President Lee Jae Myung, according to the presidential office. The announcement is scheduled for 2 p.m. Monday at Cheong Wa Dae and is presented as part of the government’s “mega projects for balanced regional development,” coordinated across multiple ministries including trade, science, transport and energy. Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are expected to attend and participate in a discussion during the event.
The investment plans are aimed at strengthening Korea’s position in advanced technologies, including semiconductors and emerging areas linked to physical AI and AI data centers. Industry expectations cited by outlets suggest the companies’ combined commitments could exceed 1,000 trillion won (about $650 billion) over the next 10 years, potentially including a major semiconductor production “chip cluster” in the southwestern Honam region. Additional projects may also be placed in other regions such as Chungcheong and Yeongnam as the administration seeks to align technology investment with regional development goals. The opposition has raised concerns that the initiative may have a political dimension.
