Cheong Wa Dae, the Presidential Office, said Wednesday that it will hold a public-private review meeting on the semiconductor cluster on Saturday to ensure the smooth implementation of the "Korea Great Leap Three Mega-Projects." Following investments of 800 trillion won in the southwestern region and about 392 trillion won in the Chungcheong region, a total of 312 trillion won will be invested in the Yeongnam region to build industrial complexes in fields such as semiconductors, artificial intelligence (AI), and space and aviation. The plan is to concretize a milestone in public-private cooperation.
In a media notice that day, Cheong Wa Dae said the review meeting will be held Saturday at Cheong Wa Dae, attended by presidential officials including President Lee Jae-myung, Chief of Staff Kang Hoon-sik, and Policy Chief Kim Yong-beom, along with relevant ministers including Koo Yun-cheol, Deputy Prime Minister for the Economy and Minister of Economy and Finance, Industry and Trade Minister Kim Jung-kwan, and Land Minister Kim Yun-duk. The meeting will also be attended by Min Hyung-bae, Mayor of the Jeonnam-Gwangju Integrated Special City, as well as president-level executives from Samsung Electronics and SK hynix.
Meanwhile, at the "Yeongnam Region Advanced Industry Development Vision Public Briefing" held that day in Jinju, South Gyeongsang Province, President Lee expressed gratitude to Samsung, SK, Hyundai Motor, Hanwha, LG, and Doosan, which have launched large-scale investments, and said, "This will be the starting point for establishing Yeongnam as a region leading Korea's advanced industries with an insurmountable gap."
Six companies including Samsung Electronics, SK, Hanwha, Hyundai Motor, Doosan, and LG will invest a total of 312 trillion won in the Yeongnam region, centered on semiconductors, artificial intelligence (AI), and space and aviation. As part of the government's regional balanced development strategy, the "Three Mega-Projects," the government plans to support industrial development by reviewing the introduction of new tax credits so that advanced industry investment can continue in provincial areas over the long term.
