On Sunday, Samsung Electronics and other major companies from South Korea revealed plans for domestic investments during a meeting with President Lee Jae Myung, who hopes that these measures will counter fears that companies will prioritize investments in the U.S. This meeting took place shortly after his government finalized a trade agreement with the United States, in which Seoul committed to invest $350 billion in American industries to avoid the high tariffs imposed by the Trump administration. Samsung announced an investment of 450 trillion won ($310 billion) over the next five years to expand its domestic operations, including building a new production line to meet the growing demand for semiconductors. Hyundai Motor Group has planned an investment of 125 trillion won ($86.3 billion) between 2026 and 2030 for research and development in areas such as AI and autonomous vehicles.
Sources