DistantNews
Support us
🇰🇷 South Korea /Elections & Politics

Lee Jae-yong, Chey Tae-won to present mega-project plans at presidential session

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • South Korean President Lee Jae-myung will host a national report session on three major "mega-projects" aimed at economic leapfrogging.
  • Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won will present their companies' regional investment plans.
  • The projects, focusing on semiconductors, physical AI, and AI data centers, involve an estimated 2,000 trillion won (approximately $1.5 trillion USD) in corporate investment.

South Korean President Lee Jae-myung is set to preside over a national report session today, focusing on three major "mega-projects" designed to propel the nation's economy forward.

The event, themed "Beyond Recovery to Great Leap Forward, A Super-Gap Korea," will feature presentations from leading industrialists. Lee Jae-yong, chairman of Samsung Electronics, and Chey Tae-won, chairman of SK Group, are scheduled to directly announce their respective conglomerates' regional investment strategies.

These ambitious initiatives span critical sectors: semiconductors, physical AI, and AI data centers. The combined corporate investment for these three mega-projects is estimated to be around 2,000 trillion won, roughly equivalent to $1.5 trillion USD. The government plans to outline its support measures to ensure the success of these corporate ventures and foster South Korea's leadership in the AI-driven industrial revolution.

Beyond recovery to great leap forward, A super-gap Korea

— South Korean GovernmentThe slogan for the national report session on the three mega-projects.
DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog