President Lee to Meet Samsung Chairman Lee Jae-yong on the 25th for Talks on Regional Semiconductor Investment

[Financial News] After recently meeting SK Group Chairman Chey Tae-won, President Lee Jae-myung will meet Samsung Electronics Chairman Lee Jae-yong at the Blue House this week. The two are expected to discuss details related to regional investment in semiconductor plants.
According to political and business sources on the 23rd, the president will meet Lee at the Blue House on the 25th to discuss Samsung Electronics' plans for regional semiconductor investment.
A political source said, "I understand that after Chairman Chey, he will also exchange views with Chairman Lee on regional investment plans in succession." The president is reported to have completed his meeting with Chey on the 19th. Asked whether Lee and Chey would also attend the summit-style meeting scheduled for the 29th at the Blue House, the source said, "Representatives of the companies concerned will attend."
Through meetings with the two business leaders, who head Samsung Electronics and SK hynix, the country's two semiconductor giants, President Lee plans to secure regional investment measures related to artificial intelligence (AI) and then announce a regional balanced development plan later this month. Prime Minister Kim Min-seok said at a press conference marking his first year in office that "the expected surplus tax revenue from the semiconductor boom should be invested intensively in projects for future generations."

Samsung Electronics is reportedly considering building a new semiconductor packaging plant in Gwangju. SK hynix is also said to be reviewing plans to establish a new back-end semiconductor production base. At the SK Group level, the company is reportedly considering adding another AI data center in a region other than Ulsan, where one had already been planned.
Meanwhile, Kang Hoon-sik, Chief of Staff to the President of the Republic of Korea, said at a senior aides' meeting he chaired at the Blue House on the 22nd that "the surplus tax revenue expected from the semiconductor boom should be invested intensively in projects for future generations." Kang added, "Let us seek rational alternatives from the perspective of national interest and future generations, so that the current and future generations can share the burden of running the country fairly and secure funding for investments in the future."


ehcho@fnnews.com Jo Eun-hyo Reporter