President Lee Jae-myung: "Lee Jae-yong's Decision Will Lead a New Leap for Korea's High-Tech Industry"

President Lee Jae-myung expressed his gratitude, stating, "Samsung, SK Hynix, and Celltrion have announced large-scale investment plans for fostering high-tech industries in the Chungcheong region. On behalf of the people, I thank you for your bold decision."

During his congratulatory speech at the National Report on the Development Vision for High-Tech Industries in the Chungcheong region held in Asan, South Chungcheong Province, today (July 2), President Lee remarked to Samsung Electronics Chairman Lee Jae-yong, "Listening to your words, I was reminded of the historic moment in 1983 when the late Chairman Lee Byung-chul declared the company's entry into the semiconductor industry in Tokyo."

He continued, "Just as that foresight made South Korea a semiconductor powerhouse, I am confident that Chairman Lee Jae-yong's decision will lead a new leap forward for South Korea's high-tech industry."

President Lee projected, "With these new large-scale corporate investments, particularly through the HBM production resulting from Samsung's decision, the status of the Chungcheong region as a hub for high-tech industries will be further strengthened."

He added, "There are business leaders like Celltrion Chairman Seo Jung-jin who have tirelessly pioneered new paths in high-tech industries. The investment plans announced today are not merely about expanding corporate production facilities into the Chungcheong region; they are a promise of trust to move toward a better future by completely changing the growth paradigm, and a bold declaration for South Korea's potential."

President Lee promised, "Business leaders who will turn crises into opportunities through constant challenges, universities and research institutions that serve as a solid foundation for future talent and core technologies, and local governments responsible for innovation infrastructure and living conditions will work as one team to redraw South Korea's growth map. Through your dedication and efforts, we will achieve a great leap forward for South Korea as an irreplaceable, super-gap industrial powerhouse."

The report was attended by Samsung Electronics Chairman Lee Jae-yong, SK Hynix CEO Kwak Noh-jung, and Celltrion Chairman Seo Jung-jin, who each announced their respective companies' investment plans for the Chungcheong region.

Samsung expressed its intention to invest 140 trillion won to operate the Chungcheong region as a "center for super-gap materials and components."

The plan includes 67 trillion won by Samsung Display in Asan, 56 trillion won by Samsung Electronics for HBM fabs in Onyang and Cheonan, 9 trillion won by Samsung SDI for batteries in Cheonan, and 8 trillion won by Samsung Electro-Mechanics for package substrates in Sejong.

SK Hynix announced plans to invest a total of 100 trillion won in Cheongju, North Chungcheong Province, including 80 trillion won for the M17 fab to produce NAND flash memory and 20 trillion won for PNT7 to strengthen advanced packaging.

Celltrion Pharm announced a plan to invest approximately 1 trillion won in a pre-filled syringe (PFS) production facility.

In the "Three Major Mega Projects for South Korea" announced on June 29, the government and the business sector revealed plans to invest a total of 392 trillion won in the Chungcheong region (156 trillion won for semiconductors, 150 trillion won for AI data centers, and 86 trillion won for other sectors including displays, batteries, and bio).

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.