1 million Korean won = 688 USD.
First up, a quick overview from Global Korea Post, November 16:
Korean Conglomerates Respond to Joint Fact Sheet Meeting with Record Domestic Investment
- Following the U.S.–Korea tariff agreement, major chaebol commit to large-scale domestic investment to safeguard Korea’s industrial base
- Samsung, SK, Hyundai Motor, LG demonstrate coordinated policy alignment with the government ...
MUCH MORE, they go deep on all seven major groups
And zeroing in on chips:
The Korea Herald, November 16:
SK to pour 128 tln won into domestic investment through 2028
South Korean conglomerate SK Group said Sunday it will invest 128 trillion won ($87.9 billion) through 2028 in the domestic market, with a focus on chip manufacturing to meet the growing demand in artificial intelligence fields.
The chip-to-chemical enterprise will build four large-scale semiconductor fabrication plants over the years in its main Yongin chip cluster, south of Seoul, with the amount of investment likely to increase to up to 600 trillion won.
The announcement came after SK Group Chairman Chey Tae-won unveiled the plans during a business leaders' meeting with President Lee Jae Myung earlier in the day, to discuss efforts to spur domestic investments by major companies following the conclusion of a trade deal with the United States.
Chey said during the meeting that the investments could rise to around 600 trillion won for the Yongin chip compound alone, given soaring demand for AI memory chips, including high-bandwidth memory.
SK Group plans to adjust the construction speed of the envisioned fabs depending on chip demand and market conditions, gradually expanding the investment in phases.
SK hynix Inc., the group's semiconductor manufacturing unit, is jointly building the "Trinity Fab" with the government at the Yongin complex, a project worth 860 billion won, to boost the domestic ecosystem of semiconductor components....
....MUCH MORE
And at Chosun Biz, again November 16:
Chey Tae-won pledges 600 trillion won Yongin investment, vows 20,000 jobs yearly
Chey Tae-won, chairman of SK Group, met President Lee Jae-myung on the 16th and said about domestic investment plans, “An investment of about 600 trillion won will continue going forward.”
Chey said the same that afternoon at the “public-private joint meeting following the U.S.-Korea tariff negotiations” held at the presidential office in Yongsan, Seoul, saying, “As uncertainties in the trading environment have been resolved, domestic corporations will also continue efforts to produce the fruits of real economic growth.”....
....MUCH MORE
