Companies
People walk past the Samsung logo displayed on a glass revolving door at the company's Seocho building in Seoul on July 31, 2024. (AFP/Anthony Wallace )
Samsung Group will announce on Monday plans to invest 1,000 trillion won (US$647.53 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 Friday.The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office, the Maeil Business Newspaper said, without citing sources.
Top 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 report did not say when the investment would be made.
