President Lee Jae Myung says the South Korean government will provide “all-out” support for a planned semiconductor cluster in the southwest, tied to mega investment announcements by Samsung Electronics and SK Group. The project, presented at a government event on Monday, is described as part of the government’s “three megaprojects” initiative and a wider 800 trillion-won ($519 billion) investment effort. The blueprint calls for two memory chip fabrication plants by Samsung and two semiconductor fabs by SK hynix in Gwangju and surrounding Jeolla provinces.
In remarks during a Cabinet meeting at Cheong Wa Dae on Tuesday, Lee directs every ministry to offer proactive, full assistance in coordination with local governments so companies do not face difficulties during their investments. He frames the initiative as a national choice about the country’s future.
The plan faces political dispute. The main opposition People Power Party says the government is improperly influencing where private companies invest, questioning whether the site selection process is transparent, fair, and based on the firms’ own judgment. A civic group also files criminal complaints involving Lee and a senior policy aide, according to the reports.
