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Samsung Group Commits $90 Billion to Chungcheong in Major South Korea Expansion

Prime Highlights

  • Samsung Group announces its largest regional investment yet, committing $90 billion to South Korea’s Chungcheong province.
  • The plan ranks among South Korea’s biggest industrial expansions, spanning display panels, batteries, chips and chip materials.

Key Facts

  • Samsung Display will invest 67 trillion won in Asan and Cheonan.
  • Samsung Electronics will spend 56 trillion won on high-bandwidth memory chip packaging facilities in Onyang and Cheonan.

Background

Samsung Group outlined plans on Thursday to invest 140 trillion won, about $90 billion, in South Korea’s central Chungcheong province, covering production of display panels, batteries, chips and chip materials.

The announcement builds on broader investment plans the group rolled out earlier in the week, signalling a sustained push to expand its domestic manufacturing footprint.

Samsung Display will spend 67 trillion won across facilities in Asan and Cheonan, while Samsung Electronics will invest 56 trillion won to build packaging facilities for high-bandwidth memory chips in Onyang and Cheonan.

Samsung Display Chief Executive Officer Yi Chung shared the details at an event hosted by President Lee Jae Myung on Thursday, underlining the scale of the group’s commitment to the region.

Samsung SDI plans to spend 9 trillion won by 2040 in Cheonan on production and research and development of next-generation batteries. Samsung Electro-Mechanics will invest 8 trillion won by 2040 in Sejong to produce advanced chip packaging materials for AI servers, alongside efforts to build domestic talent in the sector.

Together, these commitments bring multiple Samsung units into a single coordinated investment plan centred on one region.

The investment spans several of Samsung’s key business units, reflecting a coordinated push to strengthen the group’s manufacturing base across display technology, semiconductors, batteries and chip components within a single region.

Chungcheong stands to become a central hub for Samsung’s next phase of production and research activity as the plans unfold through 2040.

The scale of the spending also points to Samsung’s broader strategy of anchoring critical supply chains within South Korea amid growing global competition in chips and battery technology.