South Korea, together with Samsung, SK, and other companies, announces a 312 trillion won investment plan, focusing on semiconductors and the aerospace industry.

Odaily reported on July 3 that South Korea's Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, announced plans to drive major companies to invest over 312 trillion won (approximately $204 billion) in the southeastern (Yeongnam) region to develop advanced manufacturing and AI industries.

In the specific plan, SK Group, Samsung, Hanwha, and Hyundai Motor will inject approximately 140 trillion, 60 trillion, 55 trillion, and 42 trillion won respectively, focusing on semiconductors, AI, and aerospace sectors; LG and Doosan will also follow up with investments. Additionally, South Korea has unveiled a national aerospace strategy centered around Sacheon, aiming to build a southern coastal aerospace industrial belt. (Golden Ten)