Nov 17 β’ π¨ News
π’ New Trade Deal Spurs Major Investments in South Korea
Samsung and Hyundai have announced large domestic investment plans following the new USβSouth Korea trade deal. π°π·π€πΊπΈ
Samsung will add a new chip production line in Pyeongtaek to meet the rising demand driven by the AI boom, as part of its 450 trillion won investment commitment in South Korea over the next five years. Hyundai and major shipbuilders also revealed new investment plans aimed at strengthening local industry.
The announcement came after President Lee Jae Myung urged companies to balance their overseas expansion with strong domestic investment to protect South Koreaβs manufacturing sector. π
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π’ New Trade Deal Spurs Major Investments in South Korea
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