President Lee Holds Final Talks with Chairman Lee Jae-yong on Regional Semiconductor Investment

Investment Plans Coordinated Ahead of National Briefing on June 29

On June 25, President Lee Jae-myung discussed regional semiconductor investment plans with Samsung Electronics Chairman Lee Jae-yong at the Blue House.

It is reported that President Lee met with Chairman Lee and exchanged views for over an hour in the afternoon. This meeting appears to have been held to finalize Samsung Electronics' large-scale regional investment plan, which is expected to be announced at the upcoming joint public-private conference on June 29, where discussions on achieving national regional balance will take place.

President Lee Jae Myung is shaking hands with Samsung Electronics Chairman Lee Jae Yong. Photo by Yonhap News Agency

At the "Korea's Great Leap Forward: Three Mega Project National Briefing," which will be hosted by President Lee at the Blue House on June 29, investment plans by Samsung Electronics and SK hynix in the Honam and Chungcheong regions, including the establishment of the Honam Semiconductor Cluster, are expected to be released. Specifically, large-scale investment plans are expected to be announced across three main areas: semiconductors, physical AI, and data centers.

The government is currently pursuing a national balanced development strategy called "Five Mega-Regions and Three Special Autonomous Provinces" (5 ultra-wide regions, 3 special autonomous provinces) and the establishment of a southern semiconductor belt. The "Special Act on Strengthening Competitiveness and Supporting the Semiconductor Industry" (Semiconductor Special Act), which is set to take effect in August, also includes provisions for supporting regional semiconductor clusters and special regulatory exemptions, taking into account balanced regional development.

In a recent press conference marking his first year in office, President Lee stated, "We will move forward as an industrial powerhouse with a technological edge, where all citizens and regions can equally enjoy opportunities and benefits of growth," adding, "We will soon unveil large-scale investment projects that will mark a major shift in our growth strategy to the public."

This content was produced with the assistance of AI translation services.