Seven Companies Including Amazon to Invest 13 Trillion KRW in Korea Over Five Years [Gyeongju APEC]

Seven global companies, including Amazon Web Services (AWS), have announced plans to invest a total of $9 billion (approximately 13 trillion KRW) in Korea over the next five years.
The investments will target advanced and key industries such as artificial intelligence (AI) data centers, semiconductor packaging, automotive, displays, medical devices, and batteries. In response, President Lee Jae Myung reaffirmed the government's strong commitment to supporting foreign investment. On the morning of the 29th, President Lee met with Matt Garman, CEO of AWS, at the Gyeongju Arts Center in North Gyeongsang Province.
During the meeting, Garman pledged to invest more than $5 billion by 2031, including the construction of new AI data centers in Incheon and Gyeonggi Province. This announcement follows AWS's previous plan to invest $4 billion in an AI data center in Ulsan Metropolitan City, revealed in June, marking yet another large-scale investment.
This sets a new record for the largest Greenfield investment in Korea's history. Regarding AWS's investment, President Lee stated, "Korea's most important task right now is to achieve economic recovery and sustainable growth.
At the center of this recovery and growth is advanced science and technology, with artificial intelligence data at its core," adding, "I am truly pleased that AWS and Korea will shape the future together. " Following his meeting with Garman, President Lee attended a global corporate investment partnership event.
The event was attended by Matt Garman, Nicolas Paris, CEO of Renault Korea, Jin An Lee, CEO of Amkor Technology Korea, Vaughn M. Hall Jr.
, CEO of Corning Incorporated Korea, Nicolas Foirien, CEO of Air Liquide Korea, Vy Tran, CEO of Siemens Healthineers Asia-Pacific, and Karena Cancilleri, CEO of Umicore Battery Materials. The seven global companies announced a combined investment plan of $9 billion in Korea's advanced and key industries over the next five years and submitted investment declarations to Kim Jung-kwan, Minister of Trade, Industry and Energy.
Of the total, $660 million will be reported as short-term Foreign Direct Investment (FDI). The corporate leaders told President Lee, "Korea is a key hub for our global business strategies," and emphasized, "Through this investment, we will further expand production capacity and accelerate technological innovation in Korea.
" Through one-on-one meetings, President Lee expressed his gratitude to the global corporate leaders for choosing Korea as their optimal investment destination, highlighting the country's world-class manufacturing base, information and communication technology (ICT) capabilities, skilled workforce, and the Korean Wave (Hallyu).