South Korean President Lee Jae Myung has pledged the government's unwavering support for the massive semiconductor investment plans recently unveiled by Samsung Electronics and SK Group.
Speaking at an event in Gwangju, the president emphasized that the state will actively facilitate the development of a new chip cluster in the southwest region, signaling a coordinated effort to bolster the nation's industrial base.
The announcement underscores the strategic importance of these mega-projects for South Korea's economy.
By committing to full backing, the government aims to accelerate the construction of advanced fabrication facilities and related infrastructure, which are critical for maintaining the country's competitive edge in the global semiconductor market.
This support is expected to provide regulatory and financial stability for the private sector investments involved.
The focus on the southwest region, particularly Gwangju, highlights a broader policy shift toward decentralizing the semiconductor industry beyond the traditional hubs.