South Korean firms on Friday committed trillions in investment into the nation’s southeast, in the last of back-to-back announcements on related “megaprojects” President Lee Jae Myung touted the conglomerate’s decisions as an important step in the southeast’s transformation into a technology manufacturing hub focused on physical artificial intelligence and the aerospace industry. The government announced Friday that Hanwha, Hyundai Motor, Samsung, SK, Doosan and LG will invest a combined 312 trillion won ($204 billion) into Korea’s southeast, a region already home to manufacturing bases for aerospace equipment, automobiles, ships and defense equipment.
