{"id":2467,"date":"2026-06-29T11:08:35","date_gmt":"2026-06-29T11:08:35","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=2467"},"modified":"2026-06-29T11:08:35","modified_gmt":"2026-06-29T11:08:35","slug":"samsung-sk-reportedly-to-invest-1-3-trillion-over-10-years","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=2467","title":{"rendered":"Samsung, SK reportedly to invest $1.3 trillion over 10 years"},"content":{"rendered":"
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The two groups are expected to unveil the package when their leaders present the plans at the presidential office on Monday, the newspaper said without saying where it obtained the information.<\/p>\n

Read more Wendy Schmidt: Three centuries of science is something to celebrate<\/a><\/p>\n

Samsung Electronics Co. and SK Hynix Inc. are each expected to build four to five semiconductor fabs in the Gwangju area, the newspaper said. Samsung is also expected to build chip packaging plants in South Chungcheong province while SK Hynix will expand NAND plants in North Chungcheong province, the newspaper added.\u00a0<\/p>\n

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President Lee will introduce the \u201cThree Mega Projects for the Great Leap Forward\u201d initiative at a 2 p.m. event, South Korea\u2019s presidential office said on Sunday. Presidential spokesperson Kang Yu-jung said officials from the industry, science, climate and land ministries will outline the government\u2019s policy measures before Samsung and SK present their investment plans.<\/p>\n

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Read more:\u00a0S. Korea to Unveil \u2018Three Mega Projects\u2019 With Samsung, SK Group<\/p>\n

The latest report pointed to a combined investment commitment of as much as 2,000 trillion won over 10 years, exceeding an earlier Maeil Business Newspaper report that said Samsung alone was expected to announce more than 1,000 trillion won ($646 billion) in spending.<\/p>\n

Presidential policy chief Kim Yong-beom said in a YouTube interview Friday that \u201cvery unusual\u201d figures would be unveiled on June 29, when Lee hosts the meeting with major companies. The plans are expected to focus on sectors including semiconductors, AI data centers and physical AI.<\/p>\n

Read more Putin admits Russia is \u2018going through a difficult period\u2019 as relentless Ukrainian drone attacks cut off fuel supplies<\/a><\/p>\n

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Samsung Electronics Co. and SK Hynix Inc. are each expected to build four to five semiconductor fabs in the Gwangju area.<\/p>\n","protected":false},"author":1,"featured_media":2466,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[],"class_list":["post-2467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chips"],"yoast_head":"\nSamsung, SK reportedly to invest $1.3 trillion over 10 years - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=2467\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung, SK reportedly to invest $1.3 trillion over 10 years - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"Samsung Electronics Co. and SK Hynix Inc. are each expected to build four to five semiconductor fabs in the Gwangju area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=2467\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-29T11:08:35+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2467#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2467\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Samsung, SK reportedly to invest $1.3 trillion over 10 years\",\"datePublished\":\"2026-06-29T11:08:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2467\"},\"wordCount\":294,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2467#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/6f6cc95a25461daa48a81c1ba25815b9.webp\",\"articleSection\":[\"Chips\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2467#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2467\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=2467\",\"name\":\"Samsung, SK reportedly to invest $1.3 trillion over 10 years - 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