President Lee Hails "Historic Achievement" as Samsung and SK Unveil "Mega Investment"

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, Chief Spokesperson for the Presidential Office, announced that the "National Presentation on the Three Mega Projects for South Korea's Great Leap Forward" will be held at the Yeongbingwan (State Guest House) in the Presidential Office at 2:00 p.m. today (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 disclose their group-wide investment plans.
The investment is expected to exceed 1 quadrillion won over the next 10 years, covering regions including the Chungcheong and Yeongnam areas, as well as the establishment of a semiconductor cluster in the Honam region.
Samsung Electronics Chairman Lee Jae-yong and SK Chairman Chey Tae-won will attend the event in person today, 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," evaluating it as 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 is criticizing the event, claiming there is an intention to utilize it for political maneuvering in line with the timing of power struggles within the ruling party.
※ Please note: This article was translated by AI and may contain errors.