Samsung and SK Group are expected to announce an investment plan of up to 20 trillion Korean Won.

BlockBeats News, June 29th, according to the South Korean newspaper

on Monday, as part of South Korea President Lee Jae-myung's flagship industry strategy, Samsung Group and SK Group are preparing to announce a plan to invest a total of up to 200 trillion South Korean won (approximately $1.3 trillion) over the next ten years.

The report stated that Samsung and SK Hynix are expected to each build 4 to 5 semiconductor factories in the Gwangju region. The report also added that Samsung plans to build a chip packaging plant in South Chungcheong Province, while SK Hynix will expand its NAND factory in North Chungcheong Province.