SK Chairman: New Semiconductor Plant May Not Be in South Korea

SK Group Chairman Chey Tae-won indicated that the location for the company's next major semiconductor plant is not predetermined to be within South Korea. He emphasized that the decision would be based on a comprehensive evaluation of various factors, both domestically and internationally.

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It might not necessarily be in Korea.

"It might not necessarily be in Korea," Chey told reporters in Tokyo, responding to questions about new semiconductor facilities. He explained that the company is considering where and how to build the plant in a way that is most beneficial for SK. This statement comes amid reports that SK Hynix is considering establishing a semiconductor packaging production base in South Korea's Honam region, particularly in Jeonnam.

Chey noted that the plan for constructing new facilities has accelerated due to a significant increase in semiconductor demand. "If we can't build it in our country, we have to go overseas," he stated, highlighting the company's flexibility in its investment strategy. He added that the decision-making process involves ensuring all stakeholders are satisfied, suggesting that incentives and benefits offered by different locations will be a key consideration.

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If we can't build it in our country, we have to go overseas.

Currently, SK's primary focus remains on completing the fourth phase of its semiconductor plant cluster in Yongin. Chey also mentioned ongoing discussions regarding domestic investment plans, which are expected to be addressed at an upcoming meeting between the president and heads of major conglomerates. He further touched upon the concept of profit sharing, suggesting that tax contributions, increased investment, job creation, and wage hikes are all valid methods for distributing profits, depending on established rules and societal needs.

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We will make a decision after comprehensively considering all factors.