South Korea’s Samsung Group and Hyundai Motor announced their investment plans in South Korea over the next five years on the 16th. Samsung will invest 450 trillion won and Hyundai Motor 125.2 trillion won, for a total of 575.2 trillion won (approxi...
South Korea’s Samsung Group and Hyundai Motor announced their investment plans in South Korea over the next five years on the 16th. Samsung will invest 450 trillion won and Hyundai Motor 125.2 trillion won, for a total of 575.2 trillion won (approximately NT$12.5 trillion), for artificial intelligence and green hydrogen and other businesses.
Samsung Group’s investment includes the No. 5 production line that Samsung Electronics recently held a meeting to decide to build in Pyeongtaek Park. This park is an important semiconductor production base for Samsung. No. 5 is expected to be fully operational in 2028, which will help cope with the growth in memory demand caused by the expansion of global artificial intelligence (AI) infrastructure investment in the mid- to long-term.
Samsung SDS will build a large-scale AI data center in Jeollanam-do. This national AI computing center plans to purchase 15,000 GPUs in 2028 to provide it to academia, start-ups and small and medium-sized enterprises.
Fläkt Group, a German air-conditioning and ventilation system manufacturer acquired by Samsung Electronics in early November, is also preparing to establish a production line in South Korea. The company's products are widely used in information centers and green buildings.
In addition to accelerating their deployment in the AI market, Samsung SDI, Samsung Display, and Samsung Electro-Mechanics are all advancing plans to expand production lines and production bases, and invest in the manufacturing of next-generation batteries, IT products, and high-value-added semiconductor packaging substrates.
Hyundai Motor Group’s investment amount in the next five years will hit a new high for the group, which is 36.1 trillion won higher than the 89.1 trillion won invested in South Korea in the past five years. The average annual investment amount has increased by more than 40%.
These funds will be used to invest in future industries and related research and development such as AI, software-defined vehicles (SDV), electrification, robots, and hydrogen energy, while also expanding mutually beneficial and win-win cooperation with partners, including providing support for the first-tier partners of Hyundai Motor and Kia Motors (Kia) to bear tariffs on export goods to the United States this year.
