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2 clusters · 5 sources · 1 days · First seen · Last updated

Samsung industrial investments in South Korea

Overview

Samsung Electronics has entered into a ‘Future Growth Mutual Cooperation Agreement’ with Hwaseong City, committing an investment of approximately 1.7 trillion KRW. This partnership aims to bolster competitiveness in advanced industries, enhance research and business functions, and support the local economy through strengthened administrative collaboration.

Building on large-scale investments from Samsung Electronics and Samsung Display, Asan City is launching initiatives to expand its industrial ecosystem. The city plans to host an investment promotion briefing in Seoul to attract companies in sectors such as semiconductors, displays, automotive parts, secondary batteries, robotics, and AI-based manufacturing. Asan intends to leverage these corporate investments to reorganize supply chains and offer customized support, including tax reductions and administrative services, to new and expanding businesses.

Entities

Samsung Electronics · Jeong Myeong-geun · Hwaseong City · Samsung Display · Asan City

Timeline

  1. [BUSINESS] 3 sources
    Asan City to host investment briefing to expand industrial ecosystem

    Asan City will host an investment briefing in Seoul to attract high-tech companies, leveraging Samsung’s massive investments to expand its semiconductor, display, and automotive industrial ecosystems.

  2. [BUSINESS] 2 sources
    Samsung Electronics to invest 1.7 trillion KRW in Hwaseong City

    Hwaseong City and Samsung Electronics signed a mutual cooperation agreement, with Samsung planning a 1.7 trillion KRW investment to boost advanced industries and the local economy.

Sources

biz.heraldcorp.com · ebaekje.co.kr · incheonilbo.com · kgdm.co.kr · sisajournal.com