South Korean President Lee Jae-myung is set to meet Samsung Electronics Chairman Lee Jae-yong on Aug. 26 after previously holding talks with SK Group Chairman Chey Tae-won, with another meeting planned with Hyundai Motor Group Chairman Chung Euisun. According to ZDNet, the talks will center on investment in a semiconductor cluster in the country’s southwest region and the execution plans for three large-scale projects covering semiconductors, physical AI, and AI data centers, with a combined size of 4,755 trillion won. Samsung Electronics and SK Hynix had already announced plans in June to build the southwestern semiconductor cluster, while related power and water supply systems are also up for discussion. Lee’s meeting with Chung is also expected to focus on a 9 trillion won Saemangeum AI data center and robot cluster project, along with hurdles tied to permits, electricity, and land. Labor issues, pressure for investment in the United States, and an exception to the 52-hour workweek rule for R&D staff are also part of the agenda.
South Korean President Lee Jae-myung is scheduled to meet Samsung Electronics Chairman Lee Jae-yong on Aug. 26 after previously meeting SK Group Chairman Chey Tae-won. He is also set to hold consecutive talks with Hyundai Motor Group Chairman Chung Euisun.
According to ZDNet, the discussions will cover investment in a semiconductor cluster in the country’s southwest region. A key focus will be execution plans for three large-scale projects in semiconductors, physical AI, and AI data centers, with a combined size of 4,755 trillion won.
Southwestern semiconductor cluster to take center stage
Samsung Electronics and SK Hynix announced plans in June to build a semiconductor cluster in the southwest. Power and water supply systems tied to the project are also part of the discussions.
Hyundai talks to include AI data center and robot cluster project
Lee’s meeting with Chung Euisun will also center on the 9 trillion won Saemangeum AI data center and robot cluster project. The two sides are expected to discuss obstacles to moving the project forward, including permits, electricity, and land use.
An exception to the 52-hour workweek rule for R&D staff, pressure related to investment in the United States, and labor issues are also on the agenda.
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