On the 29th, construction companies based in Gwangju and South Jeolla Province are strong on news that President Lee Jae-myung will announce large-scale investment plans outside the Seoul metropolitan area by Samsung Electronics and SK hynix at a national briefing.
As of 9:23 a.m. that day on the KOSDAQ market, Kumho E&C is trading at 8,610 won, up 1,980 won (29.86%) from the previous trading day. At the same time, Nam Hwa Industrial, whose parent company is Namhwa Construction, is surging 21%.
It is seen that investor sentiment was stirred by news that at 2 p.m. that day, a "Korea great leap three mega projects national briefing" would be held, presided over by the president. Lee Jae-yong, chairman of Samsung Electronics, and Chey Tae-won, chairman of SK, are said to attend the briefing and announce investment plans.
The two companies are reportedly reviewing plans to build a memory semiconductor production line (front-end), advanced packaging (back-end), and an AI data center in a semiconductor cluster to be created in the Honam region. In the market, there is a view that the two corporations' investment, including creating a semiconductor cluster in the Honam area, will reach 1 quadrillion won over 10 years.