2026/7/2 12:32 (Updated at 7/2 12:47) Please agree to our privacy policy to enable the news listening function. The South Korean government held a “National Report on the Vision for the Development of Advanced Industries in the Chungcheong Area” on the 2nd. President Lee Jae-myung (front, center) attended. (Yonhap News Agency) (Central News Agency reporter Yang Qifang’s exclusive report from Seoul on the 2nd) South Korea today announced the “Chungcheong Circle Next-Generation Cutting-edge Industry Cultivation Strategy”. Samsung, SK Hynix and other companies will invest approximately 392 trillion won in the Chungcheong Circle. President Lee Jae-myung said that Chungcheong has unlimited growth potential and will become the core of the world leading the AI era. According to Yonhap News Agency, the South Korean government announced the “Cultivation Strategy for Next-Generation Cutting-edge Industries in the Chungcheong Circle” at the “National Report on the Vision for the Development of Cutting-edge Industries in the Chungcheong Circle” held in Asan City, Chungcheongnam-do Province today, and will launch a comprehensive policy plan to support large-scale investment by enterprises. Samsung Electronics, SK Hynix, Celltrion and other companies will invest approximately 392 trillion won (approximately NT$8 trillion) in the Chungcheong Circle, focusing on semiconductors, displays, secondary batteries and components, biotechnology and other fields. After announcing investment plans for the Southwest Circle on June 30, these companies announced their investment plans for the Chungcheong Circle today. South Korean President Lee Jae-myung said at the National Report, “Chungcheong has unlimited growth potential. If coupled with strategic investment from enterprises and the government’s firm will, Chungcheong will not only become the center of South Korea’s cutting-edge industries, but also become the world’s innovation core leading the AI era.” Lee Jae-myung pointed out that Chungcheong carries the dream and hope of balanced land development and breaks the over-concentration phenomenon in the capital area. “The major transformation to reopen Korea’s overall growth space begins with Chungcheong.” Lee Jae-myung emphasized that the government will not miss the major opportunity to combine the balanced development base with the cutting-edge industry base, and will use all available means to actively support enterprises. Lee Jae-myung also expressed his gratitude and encouragement to the companies. He said that Samsung, SK Hynix and Cetelian announced large-scale investment plans to cultivate cutting-edge industries in the Chungcheong area. “On behalf of the people, I would like to thank you for making such a decisive decision.” (Editor: Zhang Zhixuan) 1150702 Support the Central News Agency’s choice to stand with the facts. Every donation you make is a small amount of support to protect press freedom. Download the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures and audio and video of this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.
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South Korea’s Chungcheong Advanced Industry Cultivation Project Enterprises will invest 392 trillion won | International | Central News Agency CNA
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