South Korean President to Meet with Lee Jae-yong to Discuss Semiconductor Cluster Investment

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South Korean President Yoon Suk-yeol is scheduled to meet with Samsung Electronics Chairman Lee Jae-yong on August 26, following discussions with leaders of SK Group and Hyundai Motor. The focus will be on a 475.5 trillion won plan for a semiconductor cluster, AI data centers, and robotics projects in the southwest. On-chain news and AI + crypto developments are emerging as key topics in policy discussions. Permits, power supply, land use, and labor issues will also be on the agenda.

Odaily Planet Daily reports that Lee Jae-myung has already met with SK Group Chairman Choi Tae-won and plans to meet with Samsung Electronics Chairman Lee Jae-yong on the 26th, followed by consecutive talks with Hyundai Motor Group Chairman Chung Eui-sun. The parties will discuss issues including investment in the southwestern semiconductor cluster.

During the meeting, the implementation plans for three super projects—semiconductors, physical AI, and AI data centers—with a total scale of 475.5 trillion won will be a key focus. Samsung Electronics and SK Hynix have already announced in June their plans to build a semiconductor cluster in the southwestern region, and discussions are also underway regarding power and water supply systems.

The meeting between Lee Jae-myung and Jeong Ui-jae will center on the 9-trillion-won Saemangeum AI data center and robotics cluster project, while also addressing implementation barriers such as permits, power supply, and land use. Exceptions to the 52-hour workweek for R&D personnel, pressure regarding investment in the U.S., and labor issues will also be discussed. (ZDNet)

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