South Korea’s presidential office said Samsung Electronics and SK Hynix will unveil major investment plans at a meeting chaired by President Lee Jae-myung on Monday. The announcement will be made at a Blue House briefing at 1400 KST (1300 Beijing) outlining one of three government “super projects” to promote regional balance; the plan is being driven by the ministries of trade, science, transport and energy. Samsung Electronics chairman Lee Jae-yong and SK Group chairman Chey Tae-won will attend

South Korea’s presidential office said Samsung Electronics and SK Hynix will unveil major investment plans at a meeting chaired by President Lee Jae-myung on Monday. The announcement will be made at a Blue House briefing at 1400 KST (1300 Beijing) outlining one of three government “super projects” to promote regional balance; the plan is being driven by the ministries of trade, science, transport and energy. Samsung Electronics chairman Lee Jae-yong and SK Group chairman Chey Tae-won will attend. Market observers expect the two chipmakers to invest more than 1,000 trillion won over the next decade (about $650 billion), potentially including a semiconductor cluster in the southwest Honam region.