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    🇰🇷South Korea·AI News·24 Aug 2026·via 서울경제

    Lee Meets Hyundai, Samsung Chiefs to Push Regional Investment

    South Korean President Lee Jae-myung is holding a series of private dinner meetings with the heads of major conglomerates, including Samsung Electronics Chairman Jay Y. Lee, Hyundai Motor Group Chairman Euisun Chung, and SK Group Chairman Chey Tae-won. These meetings aim to review the companies' investment progress in three mega projects and discuss cooperation on U.S. investments. Hyundai Motor Group's plan to invest 9 trillion won ($6.5 billion) in Saemangeum for an AI data center, robot production facilities, and hydrogen infrastructure is a key agenda item. Discussions also include the Honam region's semiconductor cluster, which involves Samsung Electronics and SK hynix, along with potential additional fab investments.

    Nexa's Summary

    President Lee Jae-myung's direct engagement with the leaders of Samsung, Hyundai, and SK points to a strategic push for domestic investment in key advanced industries. The focus on Hyundai's 9 trillion won ($6.5 billion) investment in Saemangeum for AI data centers and robotics, alongside the Honam semiconductor cluster, shows a clear government commitment to developing these sectors within South Korea. This initiative is critical for regional tech infrastructure and job creation. However, the discussions also address the delicate balance between domestic investment and U.S. investment, particularly in the context of Korea-U.S. tariff negotiations. The government's challenge will be to ensure that supporting U.S.-bound investments by these conglomerates does not inadvertently dampen the growth of advanced industries at home. The series of meetings reflects a proactive effort to coordinate public-private sector strategies for both internal growth and international trade relations.

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    Original reporting by 서울경제We don't republish, read the full story →

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