{"id":68167,"date":"2026-06-29T06:35:22","date_gmt":"2026-06-29T06:35:22","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/68167\/"},"modified":"2026-06-29T06:35:22","modified_gmt":"2026-06-29T06:35:22","slug":"breaking-news-sk-chairman-pledges-400-trillion-won-for-new-chip-cluster-in-southwest","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/68167\/","title":{"rendered":"Breaking News: SK Chairman Pledges 400 Trillion Won for New Chip Cluster in Southwest"},"content":{"rendered":"<p><img alt=\"SK Group Chairman Chey Tae-won announces investment plans at the &quot;National Briefing on Korea's Three Mega-Projects for a Great Leap Forward&quot; held at Cheong Wa Dae on June 29. 2026.06.29. Cheong Wa Dae Press Corps - Seoul Economic Daily Finance News from South Korea\" title=\"Breaking News: SK Chairman Pledges 400 Trillion Won for New Chip Cluster in Southwest\" fetchpriority=\"high\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/wimg.sedaily.com\/news\/cms\/2026\/06\/29\/news-p.v1.20260629.d943f85ac3534a0fa603735ca54cb158_P1.jpg\"\/>SK Group Chairman Chey Tae-won announces investment plans at the &#8220;National Briefing on Korea&#8217;s Three Mega-Projects for a Great Leap Forward&#8221; held at Cheong Wa Dae on June 29. 2026.06.29. Cheong Wa Dae Press Corps<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">SK Group Chairman Tae-won Choi said Monday that the group will build a new semiconductor cluster in the southwestern region, including Gwangju, during a &#8220;National Briefing on Korea&#8217;s Three Mega Projects for a Great Leap Forward&#8221; held at the Blue House.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">&#8220;We have decided to move up the Yongin cluster plan, which was scheduled for completion in 2045, by 12 years,&#8221; Choi said. &#8220;We will accelerate investments of about 600 trillion won in Yongin and about 100 trillion won in Cheongju.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Choi explained that &#8220;memory chip demand will continue to suffer from supply shortages going forward, even if we accelerate the Yongin and Cheongju investments.&#8221; He added, &#8220;To resolve the memory supply shortage that will continue thereafter, we need to create a new production base.&#8221; He went on to say, &#8220;We must begin site selection and infrastructure development from now on,&#8221; adding, &#8220;It took nine years to build the Yongin cluster. It requires large-scale sites, water, and manpower.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Choi continued, &#8220;SK hynix (000660.KS) will build plants in locations that meet the necessary conditions, and we intend to invest about 400 trillion won to create a new cluster in the southwestern region, which is expected to satisfy these conditions.&#8221; He stressed, &#8220;This is a decision to respond to global demand and to create a sustainable market.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"SK Group Chairman Chey Tae-won announces investment plans at the &#8220;National Briefing on Korea&#8217;s Three Mega-Projects for a&hellip;\n","protected":false},"author":2,"featured_media":68168,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[37635,31856,23616,241,240,275,37634,5864,28043],"class_list":["post-68167","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sk","tag-korea-chip-investment","tag-memory-chip-shortage","tag-semiconductor-cluster","tag-sk","tag-sk-group","tag-sk-hynix","tag-southwest-region","tag-tae-won-choi","tag-yongin-cluster"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/68167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=68167"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/68167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/68168"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=68167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=68167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=68167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}