TechFlow News, June 28: According to The Korea Times, South Korea’s Presidential Office announced on Sunday that Samsung Electronics and SK Hynix will unveil major investment plans at a meeting chaired by President Lee Chang-yeol on Monday. The investment details will be disclosed at a briefing held at the Blue House at 2 p.m. KST (1 p.m. Beijing time) on Monday, which aims to introduce the government’s “Three Mega Projects” initiative designed to promote balanced regional development. A spokesperson added that the plan is jointly spearheaded by the ministries of trade, science and technology, transport, and energy. Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Choi Tae-won will attend the event and participate in a panel discussion with other attendees. Industry observers anticipate that these two chipmakers will invest over 1,000 trillion Korean won (approximately $650 billion) over the next decade, potentially including the development of a semiconductor industrial cluster in the southwestern Honam region. President Lee hailed this investment on Saturday as a “historic achievement” and a policy initiative capable of reshaping South Korea’s future. (Jinshi)
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