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South Korea Announces 312 Trillion Won Investment Plan on July 3, Samsung and SK Lead Semiconductor Push

AI Industry News

2026-07-03 08:00:54

South Korea's Deputy Prime Minister Koo Yun-cheol announced on July 3 that major companies will invest over 312 trillion won (approximately $204 billion) in the southeastern Yeongnam region to develop advanced manufacturing and AI industries. SK Group will contribute approximately 140 trillion won, followed by Samsung with 60 trillion won, Hanwha with 55 trillion won, and Hyundai Motor with 42 trillion won. These funds will focus on semiconductors, AI, and aerospace sectors, with LG and Doosan also planning to participate in the initiative.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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