According to the latest report, SK, the second-largest enterprise group in South Korea, has announced that they will invest 73 trillion won, or about $52.4 billion, in South Korea next year to improve South Korea’s chip, green Production capacity for energy and biomanufacturing.
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SK Group announced that it will invest 73 trillion won in South Korea next year. In addition to increasing investment to improve the production capacity of related products, they will also invest 25 trillion won in the next five years for technological research and development in the above-mentioned related fields, so as to improve the technological competitiveness of future growth drivers.
South Korean media said in the report that of the 73 trillion won SK Group plans to invest in South Korea next year, 48.7 trillion won will be invested in the field of chips and materials, 12.8 trillion won will be invested in electric vehicle batteries, hydrogen energy, and other renewable energy, 9.8 trillion won will be invested in the field of chips and materials.
Not only most of the funds used for production investment are invested in the fields of chips and materials, but research and development funds will also be tilted towards these two fields. The Korean media mentioned in the report that most of the 25 trillion won funds for research and development will be invested in the field of semiconductors and materials.
