Korean Media: Samsung and SK Group Expected to Announce Investment Plan Worth Up to 2,000 Trillion KRW (Approximately $1.3 Trillion)

Odaily reported that according to South Korea's "Economic Daily" on Monday, as part of President Lee Jae-myung's flagship industrial strategy, Samsung Group and SK Group are preparing to announce a plan for total investments of up to 2,000 trillion KRW (approximately $1.3 trillion) over the next decade. The report stated that Samsung and SK Hynix are expected to build 4 to 5 semiconductor factories each in the Gwangju region.

The report added that Samsung also plans to build a chip packaging plant in South Chungcheong Province, while SK Hynix will expand its NAND factory in North Chungcheong Province. (Jin Shi)