President Lee attends groundbreaking ceremony for Chungcheong region megaproject; Samsung Chairman Lee Jae-yong also attends

[Financial News] President Lee Jae Myung attended the groundbreaking ceremony for the Chungcheong region megaproject on the 12th at the construction site of Samsung Electronics’ Onyang Campus in Asan, South Chungcheong Province. Samsung Electronics Chairman Lee Jae-yong was also there to deliver welcoming remarks, while major Samsung affiliates reported on the status of their investments in the Chungcheong region.
In his congratulatory remarks, President Lee is expected to express gratitude for Samsung’s investment decision and its implementation, and to say that he will actively support efforts to ensure the benefits of the investment reach local small and medium-sized enterprises and small business owners. He will also encourage local government officials who supported the swift processing of permits and approvals, and emphasize his commitment to ensuring that central and local governments work together to see the investments through.
Following the groundbreaking ceremony, he will chair the fourth public-private joint review meeting at the site. He will discuss investment support measures by the government and local governments, as well as ways to expand the participation of small and medium-sized enterprises, and will receive reports on plans for mutually beneficial cooperation with local partner companies of Samsung Electronics and SK hynix.
After the meeting, President Lee will have lunch with employee representatives and hear about challenges at the site.
In his welcoming remarks, Chairman Lee Jae-yong said, “With today’s groundbreaking ceremony, we pledge another leap forward,” and stressed, “This site, where processes for simply assembling and inspecting conventional semiconductors were once central, will transform into a state-of-the-art HBM hub—the heart of AI semiconductors.”
He went on to say, “I believe the megaproject is not merely an industrial strategy, but a historic challenge that redraws the future of the Republic of Korea,” and added, “I am confident that if the central and local governments and businesses join forces under your leadership, we can lay the groundwork for a major leap forward for the nation.”
[email protected] Choi Jong-geun Reporter