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 met with Samsung Electronics Chairman Lee Jae Yong at the Blue House to discuss Samsung's regional investment plans for semiconductors.
President Lee and Chairman Lee reportedly exchanged views for over an hour in the afternoon. This meeting appears to be aimed at finalizing Samsung Electronics' large-scale regional investment plan, which is expected to be announced at the upcoming joint public-private meeting on June 29, dedicated to achieving balanced national development.
President Lee Jae Myung is shaking hands with Samsung Electronics Chairman Lee Jae Yong. Photo by Yonhap News Agency
View original imageAt the 'Korea Grand Leap: Three Mega Projects National Briefing', which will be presided over by President Lee at the Blue House on June 29, investment plans for the Honam Semiconductor Cluster—as well as regional investments by Samsung Electronics, SK hynix, and others in the Honam and Chungcheong regions—are expected to be released. Specifically, major investment plans are anticipated to be announced in three key areas: semiconductors, physical artificial intelligence (AI), and data centers.
The government is currently pursuing a national balanced development strategy called '5 Major Regions and 3 Special Autonomous Provinces' and is working on establishing a semiconductor belt in the southern region. The 'Special Act on the Reinforcement and Support of Semiconductor Industry Competitiveness (Semiconductor Special Act)', which will go into effect in August, also includes support measures for regional semiconductor clusters and special permits to promote balanced regional development.
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In a recent press conference marking his first year in office, President Lee stated, "We will advance towards becoming an industrial powerhouse where all people and regions enjoy equal opportunities and benefits from growth." He added, "Very soon, we will present the public with large-scale investment projects that will represent a fundamental shift in our growth strategy."
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