Samsung Reportedly Plans $648bn South Korea Investment Drive -

Samsung Group is expected to announce plans to invest 1,000 trillion won ($647.5 billion) in South Korea over the next decade, including a potential 300 trillion won for new semiconductor plants in the country’s southwest, according to a media report.

The Maeil Business Newspaper reported that the investment plan, which also covers artificial intelligence (AI) data centres, batteries and display technologies, will be unveiled on Monday during a meeting between Samsung executives and South Korean President Lee Jae Myung.

Senior executives from Samsung Electronics and rival SK Hynix are also expected to attend the meeting, where major investment plans aimed at boosting regional development outside the Seoul metropolitan area will be announced.

The reported investment comes as South Korea seeks to expand semiconductor production capacity to meet surging global demand driven by the rapid growth of AI technologies. Samsung and SK Hynix have also faced government pressure to increase investment in regions beyond Seoul.

Earlier this week, President Lee held separate meetings with the heads of Samsung and SK Hynix. A presidential adviser said the government is discussing the next phase of large-scale semiconductor investments with both companies and has urged them to accelerate construction of planned chip facilities to keep pace with the AI boom.

Samsung did not immediately comment on the report.

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