Briefing on the “Three Major Mega Projects” in Jinju With participation from Samsung, SK, Hyundai Motor, LG, Hanwha, and others
President Lee Jae-myung delivers congratulatory remarks at the National Briefing on the Vision for Advanced Industry Development in the Yeongnam Region held in Jinju, South Gyeongsang Province, on the 3rd. Jinju = News1
Major companies including Samsung, SK, Hyundai Motor, LG, Hanwha and Doosan will invest KRW 312 trillion in the Yeongnam region in physical artificial intelligence (AI), the space and aerospace industry, and related sectors.
Attending the “National Briefing on the Vision for Advanced Industry Development in the Yeongnam Region” held at the Gyeongsang National University Gymnasium in Jinju, South Gyeongsang Province, on the 3rd, President Lee Jae-myung, after hearing the investment announcements by major corporations, stated, “Yeongnam will now take another step forward from being No. 1 in domestic manufacturing to becoming No. 1 in global manufacturing.” He went on to stress, “If cutting-edge technologies and industries such as physical AI and space and aerospace are integrated with Yeongnam’s solid manufacturing base, built even under harsh conditions, the Republic of Korea will lead the future global market.”
The event was the third in the government’s “Three Mega Projects for a Great Leap Forward” investment announcement series, following the Honam and Chungcheong regions. As the first speaker, Hanwha Group Vice Chairman Kim Dong-kwan announced that about KRW 55 trillion will be invested in satellites, launch vehicles, and the construction of space and defense AI data centers, emphasizing that “Hanwha will take the lead in expanding the territory of Korea’s AI into space.”
On the day, Samsung stated it would invest about KRW 60 trillion to deploy it into a mass-production line for humanoid robots, while SK Group announced it would invest KRW 140 trillion to build a 2 GW (gigawatt)–class AI data center. Hyundai Motor Group will invest about KRW 42 trillion in an AI-based autonomous driving mobility and core parts manufacturing cluster, LG Group will invest KRW 9.4 trillion in semiconductor substrates and related areas, and Doosan Group will invest KRW 5.1 trillion in small modular reactors (SMR) and related sectors.
The government will significantly strengthen tax support by introducing a new tax credit for promoting domestic production and reviewing the designation of SMR as a national strategic technology. It also plans to create new advanced national industrial complexes in the Yeongnam region and rationalize regulations through the designation of a Yeongnam megaspecial zone.
Byeon Jong-guk 기자 bjk@donga.com;Yun Da-bin 기자 empty@donga.com
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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