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Samsung, Hyundai announce domestic investments after US-South Korea trade deal
- On Sunday, Samsung Electronics, Hyundai Motor Group and LG Group pledged a combined US$464 billion in South Korea after meeting President Lee Jae Myung.
- Following Friday's trade deal, Seoul pledged US$350 billion to United States industries, sparking concerns it might weaken domestic investment and prompting firms to announce local pledges.
- Samsung said it will invest 450 trillion won over five years for AI infrastructure and R&D; Samsung SDS will build AI data centres in South Jeolla and Gumi, while Samsung SDI explores a battery line in Ulsan.
- President Lee Jae Myung urged firms to keep investing domestically and offered support like subordinated bond purchases, while SK Group, Hanwha Ocean, and HD Hyundai pledged increased local spending, including SK's plan of at least 128 trillion won through 2028.
- The new Line 5 at Pyeongtaek is slated to begin operations in 2028, and Samsung Electronics aims to acquire 15,000 graphics processing units by 2028 to meet AI computing demand.
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LiberationReposted by 
La Libre
La LibreIn particular, on Sunday 16 November, South Korea approved the construction of Pyeongtaek Plant 5, a semi-conductor facility designed "to meet the needs of memory chips", essential for the calculation of the AI.
·Paris, France
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Total News Sources60
Leaning Left14Leaning Right12Center13Last UpdatedBias Distribution36% Left
Bias Distribution
- 36% of the sources lean Left
36% Left
L 36%
C 33%
R 31%
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