Samsung Group to invest 625 trillion won in Yeongnam, Honam, Chungcheong regions

Samsung Group has unveiled ambitious plans to invest 625 trillion won across South Korea's Yeongnam, Honam, and Chungcheong regions. This significant capital injection is set to bolster the nation's advanced technology sectors, with an additional 2.03 quadrillion won earmarked for existing semiconductor clusters in Pyeongtaek and Yongin, bringing the total investment to a staggering 2.655 quadrillion won.

The Honam region is slated to receive a substantial 425 trillion won. This includes a 400 trillion won investment in a cutting-edge semiconductor cluster in Gwangju, alongside projects focused on artificial intelligence (AI) data centers, solar power, and hydrogen energy in Solasido, Haenam. In the Chungcheong region, Samsung will invest 140 trillion won, focusing on facilities such as a high-bandwidth memory (HBM) packaging plant in Cheonan/Onyang, a display production base in Asan, a next-generation battery factory for Samsung SDI in Asan, and AI server substrate facilities for Samsung Electro-Mechanics in Sejong.

The Yeongnam region will see a 60 trillion won investment dedicated to projects like a humanoid robot and AI data center for Samsung SDS in Gumi, a multilayer ceramic capacitor (MLCC) and AI package substrate line for Samsung Electro-Mechanics in Busan, a solid-state battery factory for Samsung SDI in Ulsan, and a high-value shipbuilding hub for Samsung Heavy Industries in Geoje.

Samsung Group stated that this comprehensive 2.655 quadrillion won investment aims to proactively respond to the rapid technological paradigm shifts in the AI era and strengthen future competitiveness. The announcement was made during a public report session on 'Three Mega Projects for Korea's Great Leap Forward' held at the Blue House, where Samsung Electronics Executive Chairman Lee Jae-yong was present.