Lee Jae-yong Says Samsung to Concentrate Semiconductor Investment in Gwangju
ONP Summary
President Lee Jae-myung unveiled a government and private sector investment drive targeting semiconductor manufacturing and artificial intelligence infrastructure, with Samsung and SK Hynix committing to build new production facilities in regions outside Seoul. The program aims to establish South Korea's technological leadership in chips and AI while redistributing economic development to address disparities between the capital and other regions.
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[Economy] :
Samsung Electronics Chairman Lee Jae-yong said on Monday that his group plans to concentrate semiconductor investments in the southwestern city of Gwangju, citing advantages such as power supply, water resources and other infrastructure incentives.
He made the remarks at a public briefing on South ...
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