"Aiming for Global Leadership in Manufacturing": 312 Trillion Won Investment in Yeongnam

[Anchor]

President Lee Jae-myung has announced a 312 trillion won investment plan for high-tech industries, this time in the Yeongnam region. He promised to mobilize all national capabilities, stating that the Yeongnam manufacturing sector will move beyond being number one in the country to becoming number one in the world.

Reporter Park Yerim has the report.

[Reporter]

A "National Report Meeting for the Yeongnam Region," presided over by President Lee Jae-myung, was held in Jinju, South Gyeongsang Province, yesterday (July 3) regarding investment plans for the "three mega projects": semiconductors, AI data centers, and physical AI.

The total investment plan for high-tech industries in the Yeongnam region amounts to 312 trillion won.

SK Group will invest 140 trillion won in AI data centers, Samsung Electronics will invest 60 trillion won in robot and battery production lines, Hanwha will invest 55 trillion won in the aerospace industry, and Hyundai Motor Group will invest 42 trillion won in areas such as autonomous driving.

President Lee highlighted electronics in Gumi, automobiles in Ulsan, and steel in Pohang, emphasizing that Yeongnam, the cradle of South Korea's industry, will be reborn as the birthplace of high-tech industries.

[President Lee Jae-myung: Through this, Yeongnam will now take a giant leap beyond being number one in domestic manufacturing toward becoming number one in global manufacturing.]

He also promised to respond to the bold moves of the companies that decided to invest by mobilizing all national capabilities.

[President Lee Jae-myung: I will surely build a country where young people can envision their future and put down roots in Yeongnam.]

Regarding the "three mega projects" jointly announced by the government and companies on June 29 to build an artificial intelligence ecosystem, President Lee reiterated that they are intended to "break the vicious cycle of concentration in the capital region and the extinction of local areas."

[President Lee Jae-myung: The large-scale investment plan that began in the Southwest region, passed through the Chungcheong region, and was announced today in the Yeongnam region is in line with the government's '5-pole, 3-special growth engine' strategy.]

President Lee stated that he would surely achieve a grand transformation of the national territory and announced plans to push for a bold package of support that combines tax, fiscal, financial, and infrastructure measures.

(Video reporting: Jung Sang-bo, Yoon Hyung | Video editing: Nam Il | Graphics: Hwang Se-yeon)
※ Please note: This article was translated by AI and may contain errors.