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South Korea declares $518b semiconductor investment

News Desk
29 June 2026 12:23 Updated: 29 June 2026 12:23

South Korea will see a record investment of more than $500 billion in AI chip-building in its comparatively under-developed southwestern region, the government and big electronics companies announced Monday.

The 800 trillion won ($518 billion) project will comprise four fabrication plants and a network of partner companies, Industry Minister Kim Jung-kwan told reporters at the presidential office.