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On Sunday, following a meeting with the South Korean President, Samsung Electronics, Hyundai Motor Group, and LG Group committed to a collective investment of $464 billion in South Korea over the forthcoming five years. Specifically, Samsung has earmarked 450 trillion South Korean won (equivalent to roughly RMB 2.2 trillion) for investment, with a strong emphasis on AI infrastructure and research and development. Hyundai Motor, on its part, will channel 125.2 trillion South Korean won into various projects, while LG Group is set to invest 100 trillion South Korean won in pivotal material sectors. This move comes in the wake of the US-South Korea trade agreement, which had previously sparked concerns regarding the potential erosion of South Korea's domestic manufacturing prowess.
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