* Translated by AI

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Samsung and SK Announce Major Investment Plans for Domestic Regions Including Honam

Published:

Bae Byungman

*This content was translated by AI.

President Lee Jae-myung and Lee Jae-yong (right), Chairman of Samsung Electronics, along with SK Group Chairman Choi Tae-won, pose for a commemorative photo at the 'Republic of Korea's Great Leap Forward: Three Mega Projects National Report' held at the Cheong Wa Dae Guest House on the 29th. /Photo provided by NEWSIS
President Lee Jae-myung and Lee Jae-yong (right), Chairman of Samsung Electronics, along with SK Group Chairman Choi Tae-won, pose for a commemorative photo at the 'Republic of Korea's Great Leap Forward: Three Mega Projects National Report' held at the Cheong Wa Dae Guest House on the 29th. /Photo provided by NEWSIS

Samsung announced on the 29th a plan to invest a total of 2,655 trillion won domestically to secure leadership in future industries in the era of artificial intelligence (AI). SK Group stated on the same day that it will invest 400 trillion won in the Honam region to establish new semiconductor production bases. Choi (Chairman) also announced that SK Group will continue to invest 100 trillion won annually in Korea over the next 10 years.

Samsung's plan involves large-scale investments centered on semiconductors, encompassing AI data centers, humanoid robots, next-generation batteries, and displays, with the aim of nurturing Korea into a global cutting-edge industrial cluster.

To proactively respond to rapidly changing technological paradigms in the AI era and secure future growth drivers, Samsung will invest a total of 2,655 trillion won domestically. Of this amount, 2,030 trillion won will be allocated to developing semiconductor clusters such as the Pyeongtaek Campus and Yongin National Industrial Complex. The remaining 625 trillion won will be invested in developing AI semiconductors, robots, batteries, and IT component and materials industries, primarily in the Honam, Chungcheong, and Yeongnam regions.

Samsung Electronics is pursuing plans to build a new semiconductor production factory (Fab) in Gwangju and establish a 'global cutting-edge semiconductor cluster.' This strategy aims to accelerate the construction of the next semiconductor production base following Giheung, Hwaseong, Pyeongtaek, and Yongin, responding to the surging demand for semiconductors driven by the spread of AI.

At the Gwangju site, production facilities such as heat pumps and air conditioners for AI data centers, along with a smart home appliance innovation hub based on digital twins, will also be established.

Samsung SDS plans to construct the Solarisdo AI Data Center in Haenam, Jeollanam-do, to secure sovereign AI infrastructure. As the headquarters for supporting government AI transformation (AX), it will support AX in finance, national defense, and public services, and will also serve as a base for research and development of industrial physical AI.

In addition, investments in carbon-free energy sectors, including solar power generation, hydrogen production facilities based on nuclear power, and green hydrogen demonstration zones, will take place in the Honam region. Samsung Electronics plans to build a global cutting-edge logistics center in Gochang, Jeollabuk-do.

In the Chungcheong region, 140 trillion won will be invested to develop it into a production base for AI semiconductors and next-generation electronic components, while 60 trillion won will be invested in the Yeongnam region to transform it into a manufacturing innovation hub that integrates AI and robotics into existing manufacturing industries.

Meanwhile, at the 'Republic of Korea's Great Leap Forward: Three Mega Projects National Report' held at Cheong Wa Dae on the 29th, Choi Tae-won (Chairman) raised the need for investment to resolve memory supply shortages, stating, "We aim to invest 400 trillion won in the southwestern region, which is expected to meet various conditions, to create a new cluster."

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*This content was translated by AI.

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