President Lee Announces Honam Semiconductor Cluster: "Fulfilling a National Cause"

President Lee Jae-myung will preside over the "National Report on the Three Major Megaprojects for South Korea's Great Leap Forward" at the presidential office today, June 29.
The event, titled "From Recovery to Great Leap Forward: A South Korea with Super-Gap Competitiveness," will be attended by Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won, where large-scale investment plans from both groups are expected to be unveiled.
The government's vision is to respond to the industrial restructuring driven by artificial intelligence while promoting balanced regional development through high-tech investments spanning the Honam, Chungcheong, and Yeongnam regions.
In particular, attention is focused on plans to establish a large-scale semiconductor cluster in the Honam region.
The total investment is projected to exceed 1 quadrillion won over the next 10 years.
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 are also scheduled to announce government support policies to back these corporate investments.
A detailed blueprint regarding the criteria for site selection and plans for water and power supply—issues previously questioned by the People Power Party—is also expected to be presented.
In a post on X (formerly Twitter) yesterday, President Lee emphasized, "Creating a semiconductor industrial ecosystem in Honam is not a special favor for a specific region," adding, "It is the fulfillment of a national cause to achieve balanced national development and alleviate deep-rooted regional discrimination and conflict between the Yeongnam and Honam regions."
※ Please note: This article was translated by AI and may contain errors.