Samsung and SK Group are expected to announce an investment plan of up to 20 trillion Korean Won.

BlockBeats News, June 29th - According to the South Korean newspaper The Economic Daily, as part of South Korea's President Lee Jae-myung's flagship industry strategy, Samsung Group and SK Group are preparing to announce a plan to invest up to 200 trillion South Korean won (approximately $1.3 trillion) over the next ten years.

The report states that Samsung and SK Hynix are expected to each build 4 to 5 semiconductor factories in the Gwangju region. Additionally, Samsung plans to construct a chip packaging plant in South Chungcheong Province, while SK Hynix will expand its NAND factory in North Chungcheong Province.