SEOUL (CNA) - South Korea's Minister of Trade, Industry and Energy, Kim Jung-sik, announced today that the government plans to foster a new semiconductor production hub in the southwestern region of the country through corporate investments totaling 800 trillion won (approximately NT$17 trillion), with plans to construct four memory chip factories. According to Yonhap News, South Korean President Lee Jae-myung presided over the national "Great Leap Forward" press conference at Cheong Wa Dae today, where Kim Jung-sik unveiled the investment plan. The objective of this investment plan is to transform the Gwangju and Jeolla Province regions into South Korea's second major semiconductor cluster. This semiconductor investment calls for chip giants Samsung Electronics and SK Hynix, along with other companies, to make substantial investments in semiconductors, physical artificial intelligence (AI), and AI data centers. It is part of the government's three "mega-projects." (Compiled by Liu Shu-chin) 1150629 Stand with the facts. Your every contribution supports the power of press freedom. Download the CNA "One-Stop News" APP for real-time updates. The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.