▲ President Lee Jae-myung
Large-scale investment plans from Samsung Electronics and SK Hynix are set to be announced at a public briefing presided over by President Lee Jae-myung.
Kang Yu-jung, Senior Presidential Secretary for Public Affairs, announced that the Public Presentation on the Three Mega-Projects for South Korea's Great Leap Forward will be held at the Yeongbingwan (State Guest House) at the Presidential Office at 2:00 PM tomorrow, June 29.
President Lee is scheduled to outline his vision for the three mega-projects in his opening remarks, followed by detailed policy explanations from the Ministry of Trade, Industry and Energy; the Ministry of Science and ICT; the Ministry of Climate, Energy and Environment; and the Ministry of Land, Infrastructure and Transport.
Following this, Samsung Electronics and SK will unveil their group-level investment plans.
The investment is expected to span across the Chungcheong and Yeongnam regions, including the creation of a semiconductor cluster in the Honam region, with industry observers projecting the total to exceed 1 quadrillion won over the next 10 years.
Samsung Electronics Chairman Lee Jae-yong and SK Chairman Chey Tae-won will attend today's event in person, and a free-form discussion among participants will follow the announcement of the investment plans.
In a post on X yesterday, President Lee described the investment as a "historic achievement," stating that it is a "policy for balanced regional development and nationwide mutual growth and coexistence upon which the fate of South Korea depends."
On the other hand, the People Power Party has criticized the event, alleging that it is intended to be used for political maneuvering in line with the timing of internal power struggles within the ruling party.
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