S. Korea to build semiconductor cluster in southwestern region

President Lee Jae Myung (C) holds hands with Samsung Electronics Co. Chairman Lee Jae-yong (R) and SK Group Chairman Chey Tae-won during a meeting at the presidential office Cheong Wa Dae in Seoul on June 29, 2026, to unveil the government's three mega projects aimed at attracting large-scale investment in semiconductors, physical AI and AI data centers. 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. (Pool photo) (Yonhap)

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