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Samsung to Invest $647 Billion in South Korea Over 10 Years
26 Jun
Summary
- Samsung Group commits 1,000 trillion won over the next decade.
- Investment includes a potential 300 trillion won for new chip factories.
- The plan focuses on bolstering South Korea's economic and technological future.
Samsung Group is poised to unveil a substantial 10-year investment plan in South Korea, amounting to an astonishing 1,000 trillion won (approximately $647.53 billion).
This forward-looking initiative, expected to be announced on June 29, 2026, could see a significant portion, around 300 trillion won, dedicated to constructing advanced chip manufacturing facilities.
These new factories are reportedly planned for the southwestern region of the country, indicating a strategic expansion aimed at strengthening Samsung's semiconductor production capabilities and contributing to national economic growth.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
