Samsung Plans Massive $647 Billion Investment in South Korea Over 10 Years

Samsung Group is preparing to announce a massive 10-year investment plan for South Korea valued at 1,000 trillion won, which equals approximately $647.53 billion, according to a media report released Friday.

The announcement is expected to be made official on June 29. Reports indicate the plan could include as much as 300 trillion won earmarked for the construction of chip manufacturing facilities in the southwestern part of the country.