▲ President Lee Jae Myung presides over a meeting to unveil the government's "three mega projects" aimed at attracting large-scale investment in semiconductors, physical artificial intelligence (AI) and AI data centers at Cheong Wa Dae in Seoul on June 29, 2026. (Pool photo) (Yonhap)

S Korea-chip investment

S. Korea to build semiconductor cluster in southwestern region with 800 tln won in corporate investment

SEOUL, June 29 (Yonhap) -- South Korea plans to develop a new semiconductor production base in the country's southwestern region through 800 trillion won (US$517.9 billion) in corporate investments that will create four memory chip fabrication plants, Industry Minister Kim Jung-kwan said Monday.

Kim unveiled the investment plan to transform the Gwangju and Jeolla regions into the nation's second major semiconductor cluster, alongside the existing hub in the Seoul metropolitan area, during a national investment briefing chaired by President Lee Jae Myung at Cheong Wa Dae.

The semiconductor investment is part of the government's "three mega projects" initiative, which calls for large-scale investments by chip giants Samsung Electronics Co. and SK hynix Inc., as well as other companies, in semiconductors, physical artificial intelligence (AI) and AI data centers.

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