The President praised major investment decisions made by both SK Group and Samsung Electronics.
4 reports, 2 independent
Updated Jul 1
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What happened
The President praised major investment decisions made by both SK Group and Samsung Electronics.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- President Lee Jae Myung praised Celltrion for its investment pledge on July 1.Sub-event
SK Hynix plans new factory construction in Cheongju during presidential visit.1 source
President praised major investment decisions by both Samsung Electronics and SK Group.1 source
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Part of
President discusses strategic development, including expanding semiconductor production capacity and investing in the Yongin National Industrial Complex in Gyeonggi Province.Also in this story
- President announced major investment in tech hubs, noting that the Yongin cluster requires a massive power supply, leading to an administration policy shift on energy needs.
- Government plans a new semiconductor cluster in Gyeonggi Province, including Incheon, with Samsung as a key player.
- Government reassures companies on regional water availability.
- The President stated that the capital region around Seoul is a bottleneck, necessitating balanced regional development while South Korea leverages its major manufacturing bases.
The entities involved
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Lee Jae Myung
President of South Korea since 2025
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SK Group
South Korean conglomerate
- SK Hynix is under the control of its conglomerate, SK Group, as the company engages in strategic AI business development and high-level government summits.
- Solidigm, which originated from Intel’s NAND flash memory business, is being positioned for a potential Nasdaq debut and is linked to SK Group affiliates.
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Samsung Electronics
South Korean multinational electronics corporation
Related events
- Yuanta Securities analyst commented on the performance of major South Korean semiconductor players, Samsung and SK Hynix.
- Lee Jae-yong met executives in Tokyo, and Samsung Electronics is expanding its research presence in Japan.
- Analyst commentary discusses the state of Korean equities and the interest shown by global investors in the memory chip sector.
- Samsung and SK Hynix outperformed the Kospi index due to their cash return and buyback strategies.
- KASA presented its strategy to the Cabinet and faced presidential scrutiny regarding launch investments.