South Korean President Lee Jae Myung on June 29, 2026 unveiled a plan to build a new semiconductor cluster in the country's industrially weaker southwest, anchored by some 800 trillion won in investment from Samsung Electronics and SK Hynix. At a national investment briefing titled "Korea Grand Leap: Three Major Mega Projects" held at Cheong Wa Dae, Samsung Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won attended as the government laid out a sweeping plan centered on semiconductors, Physical AI, and AI data centers.
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