What are the three 'mega-projects' South Korea's President Lee Jae Myung is unveiling, and where is the new semiconductor hub planned?

The three 'mega-projects' focus on semiconductors, AI data centres, and physical AI including robotics. The new semiconductor hub is planned for the underdeveloped southwest region of South Korea, specifically including Gwangju and South Jeolla province.

How much investment is expected from Samsung and SK for the new semiconductor hub, and what broader national goals does the plan aim to serve?

Local media report the planned investments could exceed 1,000 trillion won ($651.41 billion) over coming years, with Samsung Electronics and SK expected to present major investment plans. The initiative aims to narrow regional disparities, revive economies beyond the Seoul metropolitan area, ease infrastructure bottlenecks, and expand national capacity for the AI era — framed by President Lee as a 'national survival strategy'.

South Korean President to Unveil Massive AI and Chip Investment Drive

Jun 28, 2026

South Korea plans three mega-projects including a semiconductor hub and AI data centers, potentially attracting over $650 billion in investments from companies like Samsung and SK. Major cement stocks surged on expectations of regional infrastructure development supported by extensive government measures.

reuters

2026-06-28

South Korean President to Unveil Massive AI and Chip Investment Drive

South Korean President to Unveil Massive AI and Chip Investment Drive

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