Story perspectives

Lee Unveils $576B Semiconductor Push; Samsung, SK Shares Slip

6/29/2026

Summary

President Lee Announces

President Lee Jae-myung announced on 29 June 2026 a $576 billion “Three Mega Projects” plan for semiconductors, physical AI and AI data centres.
Samsung Electronics Chairman Jay Y. Lee and SK Group Chairman Chey Tae-won will build two fabs each, with spending projected at 2,000 trillion won and the state allocating 1,000 trillion won for a Honam semiconductor cluster.
Shares of Samsung Electronics and SK Hynix fell 4 % after announcement, reflecting market concerns.

Summary

Opposition Accuses Pressure

Opposition parties said the government pressured Samsung and SK to make huge investments, sparking debate.
President Lee denied coercion on X, saying the projects arise from better business conditions and only administrative support.
The August-effective Semiconductor Special Act grants exemptions to clusters, including a “new industries” forum that will feature robotics leaders while Hyundai Motor pledged 9 trillion won to a Saemangeum AI hub and LG plans AI-chip substrate work in Gumi.

1 of 2

President Lee Announces

President Lee Jae-myung announced on 29 June 2026 a $576 billion “Three Mega Projects” plan for semiconductors, physical AI and AI data centres.
Samsung Electronics Chairman Jay Y. Lee and SK Group Chairman Chey Tae-won will build two fabs each, with spending projected at 2,000 trillion won and the state allocating 1,000 trillion won for a Honam semiconductor cluster.
Shares of Samsung Electronics and SK Hynix fell 4 % after announcement, reflecting market concerns.

1 / 2