SK Group Plans 1,100 Trillion Won Investment for Semiconductor Expansion

SK Group Chairman Chey Tae-won has unveiled ambitious investment plans totaling 1,100 trillion won (approximately $830 billion USD) to bolster semiconductor production capacity and establish new technological hubs.

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SK Hynix will build factories in locations that meet all conditions, and we plan to invest about 400 trillion won in the southwestern region to create a new cluster.

Speaking at a national report on "3 Mega Projects" hosted by President Lee Jae-myung, Chey announced that SK Hynix intends to invest around 400 trillion won in the southwestern region to create a new cluster. This initiative aims to meet the growing demand for semiconductors. Additionally, the company will accelerate its planned 600 trillion won investment in the Yongin cluster, originally slated for completion in 2045, by 12 years. A further 100 trillion won investment in Cheongju will also be expedited.

Beyond semiconductors, SK Telecom is spearheading a plan to construct AI data centers with a total capacity of 15 gigawatts across different regions. Current plans involve establishing data centers in Ulsan, Donghae (Gangwon Province), and Sejong, with additional sites being considered in the central, Daegu-Gyeongbuk, and Honam regions, as well as Gangwon Province.

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SK Hynix will accelerate the investment of 600 trillion won in Yongin to increase DRAM production.

These significant investments signal SK Group's commitment to advancing South Korea's technological infrastructure and global competitiveness in key industries like semiconductors and artificial intelligence.

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We plan to build AI data centers with a total capacity of 15 gigawatts in each region, led by SK Telecom.