Lee touts chip plant in southwest as announcement looms

President Lee Jae Myung is set to unveil a blockbuster project for South Korea's balanced economic growth at Cheong Wa Dae on Monday, where Samsung Electronics and SK hynix are expected to announce their bids to build new plants outside the capital region. According to Cheong Wa Dae on Sunday, the two memory chipmakers, currently riding a global artificial intelligence boom, will announce their investment plan, followed by the government's presentation on the policy for "mega projects," at Cheon

By The Korea Herald