Samsung to Announce 1 Quadrillion Won Investment in South Korea Over the Next 10 Years

iconKuCoinFlash
Share
AI summary iconSummary

BlockBeats news, on June 26, according to South Korea's Maeil Business Newspaper, Samsung Group will announce on the 29th at the Blue House an investment plan worth 100 quadrillion Korean won (approximately $6.5 trillion) in advanced industries. This is the largest investment ever announced by a Korean company, equivalent to half of South Korea's GDP.


President Yoon Suk Yeol of South Korea will host a national report meeting at Cheong Wa Dae on the 29th. CEOs of major South Korean companies will attend the meeting to announce their respective companies’ investment plans in advanced industries in non-capital regions. Samsung’s proposed investment plan, amounting to trillions of Korean won, is a comprehensive blueprint combining investment strategies across its key business segments—including semiconductors, AI data centers, secondary batteries, and displays—over the next decade and beyond.


It is reported that on the 25th, Samsung Electronics Chairman Lee Jae-yong conveyed the above investment plan to Lee Jae-myung during a meeting at the Blue House. Samsung is considering investing approximately 300 trillion won in the Gwangju-Jeonnam region to build semiconductor facilities, in line with the government’s policy to establish a second semiconductor cluster in the southwestern region.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.