[뉴스후] Lee Jae-yong, Chungcheong, Gyeongsang, Honam, 10 years of major investment ’60 trillion’ … Leading in balanced regional development

Reflecting Lee Jae-yong’s will for ‘win-win management’… Expand support to improve the competitiveness of SMEs

Lee Jae-yong, Vice Chairman of Samsung Electronics. Photo = Samsung Electronics

[인포스탁데일리=김영택 기자] Samsung Electronics Chairman Lee Jae-yong, who has emphasized ‘win-win management’, will make a large-scale investment of more than 60 trillion won over 10 years in the Chungcheong, Gyeongsang, and Honam regions for balanced regional development.

This is a decision to support balanced regional development, and it makes aggressive investments by using Samsung’s related business sites across the country as a central base.

This investment decision has great significance. By taking the lead in creating quality jobs in the region, large corporations can contribute to revitalizing the local economy and solving social problems such as population growth.

In addition, as Samsung actively promotes balanced regional development, there is a growing possibility that other companies will also join.

Inside the Samsung Electronics Semiconductor Factory.  Photo = Samsung Electronics
Inside the Samsung Electronics Semiconductor Factory. Photo = Samsung Electronics

Samsung plans to invest in key businesses such as semiconductors, displays, next-generation batteries, smartphones, and electric parts by designating them as specialized regional businesses.

Chungcheong region will create a semiconductor package ▲ specialized complex high-tech display cluster ▲ next-generation battery mother plant.

To improve competitiveness in the semiconductor package sector, Samsung Electronics is strengthening its next-generation research and development capabilities at its Cheonan and Onyang plants, and investing heavily in facilities to expand production.

Also, in Asan, Samsung Display plans to build a ‘comprehensive display cluster’ including ▲ small and medium IT devices ▲ TV / digital signage ▲VR (virtual reality) and AR (augmented reality).

In Cheonan, Samsung SDI will build an ‘all-solid battery’ mother plant that is safer than conventional lithium-ion batteries to strengthen its battery technology research system and next-generation mass production.

Located in Sejong, Samsung Electro-Mechanics strengthens global competitiveness in the electronic circuit pack substrate industry and maximizes product added value.

Flagship smartphone release forecast (Source: Samsung Electronics, Apple)
Expected smartphone release data = Samsung Electronics

The Gyeongsang region will foster ▲ a next-generation multilayer ceramic capacitor (MLCC) production base ▲ a global smartphone mother plant ▲ a high value-added ship production base.

In Busan, Samsung Electro-Mechanics plans to cultivate it as a ‘high-tech MLCC specialist field’ for internalizing key materials for MLCC called the ‘rice of the electronics industry’.

In Gumi, Samsung Electronics plans to build a ‘global smartphone factory’ that produces flagship smartphones such as the ‘Galaxy S23’ and foldable phones.

In addition, Ulsan will expand investment in research and production facilities for key battery materials such as ‘cathode active material’ which determines battery performance.

Geoje Samsung Heavy Industries Shipyard.  (Photo = Infostock Daily DB)
Samsung Shipyard Geoje Heavy Industries. Photo = Infostock Daily

Samsung Heavy Industries is focusing on improving the company’s profitability by expanding orders focused on high value-added products such as LNG carriers.

The Honam region plans to cultivate it as a ‘global smart home appliance manufacturing base’ by expanding and reorganizing home appliances focusing on premium smart products based on the existing Gwangju factory.

In addition to investment, Samsung plans to build a sustainable win-win model by investing 3.6 trillion won over the next 10 years to cultivate local talent and partners.

Choi Yang-oh, head of ISD’s Institute for Corporate Policy Studies, said, “Samsung’s investment this time is very significant as large corporations are actively involved in the social issue of balanced regional development. “This is the most realistic way to solve the population decline,” he said.

Reporter Kim Young-taek

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