South Korean Companies Pledge $310B Domestic Investment

Major South Korean companies, including Samsung and Hyundai, have announced significant domestic investment plans following a meeting with President Lee Jae Myung. These investments, totaling hundreds of billions of dollars, aim to boost the countrys economy and technological advancements. Samsung plans to invest $310 billion over five years, expanding its semiconductor production, while Hyundai will invest $86.3 billion in R&D and new technologies. Other companies, such as SK Group and shipbuilders, also announced increased domestic investments. President Lee urged companies to maintain strong domestic investments and is exploring policy steps to create a more favorable business environment. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.