SEOUL - Samsung Group will announce on June 29 plans to invest 1,000 trillion won (S$839 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on June 26.The announcement will be made at a meeting with President Lee Jae Myung at the presidential office, the Maeil Business Newspaper said, without citing sources.Executives from companies including Samsung Electronics and its rival SK Hynix will attend the meeting to unveil investment plans aimed at regions outside Seoul and nearby cities, the report said.The chipmakers, which have concentrated their production facilities in areas around Seoul, have faced pressure to invest more in other areas of the country.South Korea’s presidential office said on June 25 it planned to hold a public briefing on “three mega-projects for South Korea’s great leap forward,” adding that details on the meeting would be announced soon.Samsung was not immediately available for comment outside business hours. REUTERS
Samsung to announce $839 billion investments in South Korea, media report says
Executives from Samsung and rival SK Hynix will attend a meeting with President Lee Jae Myung on June 29. Read more at straitstimes.com. Read more at straitstimes.com.











