Samsung pledges $1.7 trillion investment in South Korea

Samsung Group has pledged to invest about 2,655 trillion won ($1.7 trillion) in South Korea's semiconductor and robotics sectors, the company has announced.

It said 2,030 trillion won ($1.3 billion) will be invested in expanding its semiconductor cluster, including industrial complexes in Pyeongtaek and Yongin, Caliber.Az reports, citing Russian media.

According to the company, another 625 trillion won ($404.9 billion) will be invested in the Honam, Chungcheong and Yeongnam regions to support the production of semiconductor components and materials, robotics and information and communications technology.

Samsung made it clear that the investments are intended to help make South Korea a global technology leader.

The announcement came as the South Korean government unveiled its "three megaprojects" initiative on Monday. The event was attended by the chairmen of Samsung Electronics and SK Group, the world's two largest memory chip manufacturers.

SK Group Chairman Chey Tae-won also announced investments totalling 2,100 trillion won ($1.3 trillion), with 1,100 trillion won ($713 billion) earmarked for semiconductor projects and 1,000 trillion won ($650 billion) for data centres.

According to the International Monetary Fund, South Korea's nominal GDP was estimated at $1.87 trillion in 2025, while its GDP based on purchasing power parity stood at $3.3 trillion. Shares of Samsung Electronics have surged 198% this year, while SK Hynix, a member of SK Group, has climbed 342%, driven by the artificial intelligence boom.

By Bakhtiyar Abbasov