South Korea partners with Samsung, SK, and other enterprises to launch a 312 trillion won investment plan, focusing on semiconductors and the aerospace industry

Odaily Planet Daily News, July 3rd — South Korean Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, announced that the government will promote major enterprises to invest over 312 trillion won (approximately $204 billion) in the southeastern (Yeongnam region) area 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 fields. LG and Doosan will also follow up with investments. Furthermore, South Korea has also unveiled a national aerospace strategy centered on Sacheon, aiming to build a southern coastal aerospace industry belt. (Jin Shi)