SBS News

Bae Kyung-hoon: "550 Trillion Won Investment in AIDC by 2029... Exceeding 1 Quadrillion Won by 2035" Bae Kyung-hoon, Deputy Prime Minister and Minister of Science and ICT, announced today a plan to invest 550 trillion won in Artificial Intelligence Data Centers by 2029, with the total investment scale expected to exceed 1 quadrillion won by 2035. SBS Jun 29, 2026 3:56 PM

Chey Tae-won Announces 1,000 Trillion Won Investment in AI Data Centers and 1,100 Trillion Won in Semiconductor Expansion SK Group Chairman Chey Tae-won announced today the group's domestic investment plans for artificial intelligence and semiconductors, stating, "We are planning approximately 1,000 trillion won for AI data center projects and about 1,100 trillion won for semiconductor supply expansion projects." During the National Report Meeting on the Three Mega Projects for South Korea's Great Leap Forward, held today at the Blue House and presided over by President Lee Jae-myung, Chairman Chey stated, "Over the next 10 years, SK will continue to execute domestic investments of more than 100 trillion won on average ." Chairman Chey explained, "We will build AI data centers on a large scale quickly to export intelligence rather than just products, and establish a domestic 'intelligence market'." Chairman Chey revealed that SK Group, led by SK Telecom, plans to build AI data centers with a total capacity of 15GW . SBS Jun 29, 2026 3:48 PM

Industry Minister Announces 800 Trillion Won Investment for Semiconductor Hub in Southwest Region, 81 Trillion Won for Chungcheong The government is pushing forward with three mega-projects to drive a major leap forward for South Korea, including investments of 800 trillion won in the southwest region and 81 trillion won in the Chungcheong region. 연합 Jun 29, 2026 3:46 PM

FSC to Introduce 'Comprehensive Inclusive Finance Evaluation System' to Encourage Lending to Mid-to-Low Credit Borrowers The initiative aims to encourage voluntary participation in inclusive finance through an evaluation system, following criticism that financial companies have been restricting the supply of funds to mid-to-low credit borrowers due to concerns over costs and asset soundness. SBS Jun 29, 2026 3:45 PM

Samsung Expands Financial Support for Partners to 3.5 Trillion Won, Backs Global Expansion Samsung is set to foster a mutually beneficial ecosystem by expanding its financial support for partner companies to 3.5 trillion won and providing assistance for the global expansion of 6,700 partner firms. SBS Jun 29, 2026 3:40 PM

FSS Finds Weaknesses in Basic IT Internal Controls at Some Financial Firms; Plans Second-Half Inspections The Financial Supervisory Service has launched an initiative to strengthen the response capabilities of financial companies regarding electronic financial accidents and to inspect their IT internal control systems. SBS Jun 29, 2026 3:37 PM

Lee Jae-yong: "Samsung to Focus Investments on Semiconductors in Gwangju, Robotics in Gumi, and Batteries in Ulsan" Samsung Electronics Chairman Lee Jae-yong announced the group's semiconductor investment plan today , stating, "Among several regions, we are planning Gwangju as a candidate site, as we expect support in terms of power, water supply, securing talent, and various other infrastructure incentives." During the National Report on the Three Mega Projects for South Korea's Great Leap Forward, presided over by President Lee Jae-myung at the Blue House today, Chairman Lee said, "Following Giheung, Hwaseong, and Pyeongtaek, the investment schedule for the Yongin National Industrial Complex has accelerated significantly, and the time to prepare for a new complex has also moved up," explaining the rationale behind the plan. SBS Jun 29, 2026 3:34 PM

Bae Gyeong-hoon: Next 3 Years Are Golden Time to Become Global Leader in Physical AI Deputy Prime Minister and Minister of Science and ICT Bae Gyeong-hoon announced on the 29th that the government will focus on fostering the physical artificial intelligence sector as a national strategic industry, with the goal of becoming a global leader in the field. SBS Jun 29, 2026 3:13 PM

Industry Minister Announces 800 Trillion Won Investment for Semiconductor Hub in Southwest, 81 Trillion Won for Chungcheong Region The government is pushing forward with three major mega-projects, including investments of 800 trillion won in the southwest region and 81 trillion won in the Chungcheong region, to lead a great leap forward for South Korea. SBS Jun 29, 2026 3:07 PM

Koo Yun-cheol Pledges Full Government Support for Semiconductor Investment in Honam Region ▲ Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol Deputy… SBS Jun 29, 2026 2:36 PM