US EditionSamsung, Hyundai announce domestic investments after US-South Korea trade deal
Samsung and Hyundai pledge $464 billion for domestic AI, semiconductor, and EV battery projects to boost manufacturing and job creation amid trade deal concerns.
- On Sunday, Samsung Electronics, Hyundai Motor Group and LG Group pledged a combined US$464 billion in South Korea after meeting President Lee Jae Myung.
- Following Friday's trade deal, Seoul pledged US$350 billion to United States industries, sparking concerns it might weaken domestic investment and prompting firms to announce local pledges.
- Samsung said it will invest 450 trillion won over five years for AI infrastructure and R&D; Samsung SDS will build AI data centres in South Jeolla and Gumi, while Samsung SDI explores a battery line in Ulsan.
- President Lee Jae Myung urged firms to keep investing domestically and offered support like subordinated bond purchases, while SK Group, Hanwha Ocean, and HD Hyundai pledged increased local spending, including SK's plan of at least 128 trillion won through 2028.
- The new Line 5 at Pyeongtaek is slated to begin operations in 2028, and Samsung Electronics aims to acquire 15,000 graphics processing units by 2028 to meet AI computing demand.
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95 Articles
Samsung pledges larger domestic investments after US tariff deal
Samsung Electronics and other major South Korean companies announced fresh domestic investment plans at a meeting with President Lee Jae Myung, who hopes the moves will counter concerns that the firms would prioritize U.S. investments under a trade deal. Lee’s meeting with business leaders came days after his government finalized a trade deal with the United States, in which Seoul pledged to invest $350 billion in U.S. industries in exchange for…
2 Companies Investing Billions in US Factories To Avoid Tariffs
Quick Read Hyundai (HYMLF) committed $26B in US investments to avoid reciprocal tariffs including a $7.59B Georgia auto factory targeting 1.2M annual units. Samsung (SSNLF) pledged $37B for US semiconductor expansion in Texas where it derives 39% of sales worth roughly $85B. South Korea reduced its average tariff rate from 25% to 15% and eliminated tariffs on US wine and pet food immediately. It sounds nuts, but SoFi is giving new active inv…
Hyundai Motor Announces $86 Billion Investment in South Korea After US Trade Deal
SEOUL—Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing U.S. tariffs on South Korean autos to 15 percent from 25 percent. That compares with investments by Hyundai Motor and its group affiliate Kia Corp of 89.1 trillion won from 2021 to 2025, according to the group. South Korean President Lee Jae Myung met with Hyundai Mot…
The South Korean company's plan includes the construction of data centres and a large semiconductor manufacturing plant.
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