Samsung Electronics, Hyundai Motor, and SK Group have announced that they are planning new domestic investments. South Korean President Lee Jae Myung has said that “his government is exploring various policy steps, including easing regulations.”Samsung Electronics, Hyundai Motor, and SK Group have announced that they are planning new domestic investments. South Korean President Lee Jae Myung has said that “his government is exploring various policy steps, including easing regulations.”

South Korea Secures Record Commitments From Samsung, Hyundai, and SK

Samsung Electronics, Hyundai Motor, and SK Group have announced that they are planning new domestic investments, CNBC reported on November 16.

Hyundai Motor said it will invest $86.3 billion in areas including AI, robotics, and other advanced technologies. SK Group plans to commit $88.3 billion, with a specific focus on artificial intelligence. Samsung will invest $310 billion in its South Korean operations, marking one of the company’s largest domestic commitments.

Other South Korean companies that made similar pledges include Hanwha Ocean and HD Hyundai.

According to CNBC, South Korean President Lee Jae Myung has said that “his government is exploring various policy steps, including easing regulations.” All in an effort to “to help create a more favorable business environment for the companies.”


:::info Feature image by Sava Bobov on Unsplash

:::

\

Market Opportunity
Love Earn Enjoy Logo
Love Earn Enjoy Price(LEE)
$1.07
$1.07$1.07
0.00%
USD
Love Earn Enjoy (LEE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.