President Lee Jae-myung will release the three mega projects at a national briefing to be held on the 29th. The projects are expected to include large-scale investment plans by Samsung Electronics and SK hynix outside the greater Seoul area.
Kang Yu-jung, senior presidential spokesperson, said on the 28th that at 2 p.m. on the 29th, a "National briefing on Korea's great leap: three mega projects," chaired by the president, will be held. The briefing will consist of policy releases by the Ministry of Trade, Industry and Resources, the Ministry of Science and ICT, the Ministry of Climate, Energy and Environment, and the Ministry of Land, Infrastructure and Transport, along with investment plan releases by Samsung Electronics and SK.
The biggest focus is the large-scale investment plans by Samsung Electronics and SK. With projections that the two corporations' investments, including building a semiconductor cluster in the Honam region, will reach 1 trillion won over 10 years, there is debate in politics and business circles for and against the plans. Samsung Electronics Chairman Lee Jae-yong and SK Chairman Chey Tae-won will also attend in person that day.
On the 28th, the president wrote on X that "building a semiconductor industry ecosystem in Honam is not a favor for a particular region," emphasizing the need for a semiconductor cluster in the Honam area. The president added, "For Honam, which has suffered long-term neglect and sorrow, the 'double discrimination' up to now will become an unexpected source of great opportunity."
The People Power Party, by contrast, is criticizing the release of the investment plans as "corporation strangling" and "for the Democratic Party's August convention." In a commentary that day, People Power Party senior floor spokesperson Kim Tae-gyu said, "The government is making corporations use their money to invest for a particular region and a particular base of supporters," adding, "After strangling management with the yellow envelope law, a new labor law aimed at strengthening the bargaining rights of subcontract workers, now the administration is even deciding where they invest."