President Lee Calls Samsung, SK Chairmen 'National Heroes' for Mega Investments

President Lee Jae-myung lauded Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won as "national heroes" for their significant investments in advanced technology projects outside the Seoul metropolitan area.

Speaking at the "3 Mega Projects" national report meeting at the Blue House, President Lee expressed his gratitude on behalf of the nation for the "nationally difficult choices and decisions" made by the business leaders for the future of South Korea. He declared that a "new history" for the nation had begun, marking the event as a starting point for an unimaginable future.

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I want to call these two people national heroes, heroes of the people.

The two business magnates presented their large-scale investment plans for the "3 Mega Projects," which encompass semiconductors, AI data centers, and physical AI. Notably, Samsung Electronics Chairman Lee Jae-yong committed to investing 800 trillion won to develop the Honam region into a second major semiconductor production hub, comparable to the existing metropolitan base. This investment will include the construction of four fabrication plants (fabs) and the establishment of a supporting ecosystem for partner companies and workforce development.

Both Lee and Chey bowed deeply to President Lee in a gesture of mutual respect and commitment. The president's public commendation and the companies' substantial regional investments signal a strong governmental push to decentralize industrial growth and foster technological innovation across the country.

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A new history for Korea has begun. We are facing a new future that we cannot even imagine. Today will be the starting point.