Samsung to Invest $650 Billion in South Korea in the Next Decade

Samsung is planning to invest KRW100 trillion ($646 billion) in its home market of South Korea over the next decade. Investments would cover chips, AI data centers, batteries, and displays.

The plan will be officially unveiled today, with executives from Samsung and fellow domestic powerhouse SK Hynix set to attend a briefing with the nation’s President Lee Jae Myung. The briefing will outline three major mega-projects to advance South Korea, which has led to media speculation as to what will be announced. The two companies will lay out investment plans and a push to target growth across regions beyond the capital of Seoul.

Samsung has apparently earmarked KRW100 trillion to be spent on AI data centers, batteries, and displays, which will represent an initial investment. It could expand this to an additional KRW300 trillion to build out chip factories in the southwest of the country. South Korea’s presidential policy chief, Kim Yong-beom, revealed in an interview that the event will focus on key areas, including semiconductors, AI data centers, and physical AI. Kim has pressed the country’s big players to accelerate projects meant for the 2040s to the 2030s because demand for memory chips and storage has accelerated.