Samsung, SK Group expected to unveil $1.3t plans

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Samsung and SK Group are expected to announce investment plans on June 29.

Their combined spending over the next decade could reportedly reach as much as 2,000 trillion won (US$1.3 trillion).

It was not immediately clear which sectors or locations the reported spending would cover.

The expected plans come after South Korea planned to expand tax breaks for domestic chip and tech investment in 2023.

The country had also announced larger tax breaks for semiconductor investment in 2021.

🔗 Source: Yicai

Recent Samsung developments

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