Korean conglomerates pledge 312 trillion won southeastern investments

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Four major South Korean conglomerates and several other groups announced a combined 312 trillion won in planned investments for the southeastern Yeongnam region to expand chips, electronics, space, AI and energy industries. Hanwha pledged 55 trillion won for satellites, launch vehicles and AI data centers; Hyundai Motor 42 trillion won for autonomous driving and aviation; Samsung 60 trillion won for humanoid robot and battery mass production; and SK 140 trillion won for a 2 gigawatt AI data center with overseas partners. The finance ministry said this fits a national semiconductor chain plan and will receive government policy financing and support.

Conglomerates will invest 312 trillion won in southeastern industries.