AI TRENDS | Samsung To Announce 10-Year Advanced Industry Investment Plan in South Korea

Samsung Group is set to unveil an advanced-industry investment plan totaling about 1 quadrillion won over the next decade, South Korea’s Maeil Business Newspaper reported. According to Jin10, the plan is expected to be announced on June 29 at the Blue House during a national report meeting hosted by South Korean President Lee Jae-myung. The report said chief executives from major South Korean companies are expected to attend the meeting and present investment plans tied to advanced industries in regions outside the Seoul metropolitan area. Samsung’s proposed plan would combine investment blueprints across its major business lines over more than 10 years, including semiconductors, AI data centers, secondary batteries, and displays. The report also said Samsung Electronics Chairman Lee Jae-yong conveyed the plan during a meeting with Lee Jae-myung at the Blue House on June 25. Separately, Samsung is considering investing about 300 trillion won to build semiconductor plants in the Gwangju–South Jeolla region, in line with the government’s policy to develop a second semiconductor cluster in the country’s southwest, the report said.