President Lee Jae Myung Presides Over Groundbreaking Ceremony for Chungcheong Mega Projects

President Lee Jae Myung attended the groundbreaking ceremony for the Chungcheong region mega projects held at the construction site of Samsung Electronics' Onyang campus in Asan, South Chungcheong Province, on the 12th. In July, Samsung announced plans to invest a total of 113 trillion won in the site, including 46 trillion won in post-processing for high-performance semiconductors (HBM) and 67 trillion won in displays. Around 100 government and business officials attended the event, including Samsung Electronics Chairman Lee Jae-yong and Asan Mayor Oh Se-hyun.

At the ceremony, following a welcoming address by Chairman Lee Jae-yong, reports were presented on the mega project investments of Samsung affiliates including Samsung Electronics, Samsung Electro-Mechanics, and Samsung Display. In his address, Chairman Lee said the site would be transformed into a cutting-edge HBM hub.

At the ceremony, President Lee expressed gratitude for Samsung Group's bold investment and encouraged local governments that had supported swift regulatory approvals. He also said the central and local governments would work as 'one team' to fully support the implementation of the investment.

Following the ceremony, President Lee chaired the '4th Public-Private Joint Review Meeting on Mega Projects' at the site. It was the fourth review meeting he has personally chaired, where discussions covered ways for the central and local governments to support the swift implementation of the mega projects, and measures to expand the role and participation of small and medium-sized enterprises to broaden the projects' achievements. After the meeting, President Lee was scheduled to have lunch with representatives of on-site workers to hear their concerns and offer encouragement.