Samsung, Hyundai unveil new domestic investments as US trade deal raises concern: Report
Major South Korean firms, including Samsung Electronics and Hyundai Motor, have announced significant domestic investment plans totaling hundreds of trillions of won. Samsung will expand its Pyeongtaek chip plant to meet AI-driven demand, while Hyundai Motor plans substantial local investments. These announcements follow President Lee Jae Myung's call for increased domestic spending amidst overseas investment commitments.
Major South Korean firms, including Samsung Electronics and Hyundai Motor, have announced significant domestic investment plans totaling hundreds of trillions of won. Samsung will expand its Pyeongtaek chip plant to meet AI-driven demand, while Hyundai Motor plans substantial local investments. These announcements follow President Lee Jae Myung's call for increased domestic spending amidst overseas investment commitments.
