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On July 3, South Korea’s deputy prime minister and finance minister said the government will push major firms to invest over 312 tln won (~$204bn) in the southeast (Yeongnam) region to develop advanced manufacturing and AI. SK Group, Samsung, Hanwha

2026-07-03

On July 3, South Korea’s deputy prime minister and finance minister said the government will push major firms to invest over 312 tln won (~$204bn) in the southeast (Yeongnam) region to develop advanced manufacturing and AI. SK Group, Samsung, Hanwha and Hyundai Motor plans roughly 140 tln, 60 tln, 55 tln and 42 tln won targeting, semiconductors, AI and aerospace respectively; LG and Doosan are also expected to follow. The announcement includes a national space strategy centered on Sacheon to build a southern coastal space industry belt.

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