On June 28, citing the Korea Times, Jinshi reported that the South Korean presidential office said on Sunday that Samsung Electronics and SK Hynix will unveil major investment plans at a meeting on Monday chaired by President Lee Jae-myung. The relevant investment will be announced at a briefing at the Blue House at 2:00 PM Korean time (1:00 PM Beijing time) on Monday, where the briefing is intended to introduce the “three major super projects” the government is advancing to achieve balanced regional development. A spokesperson added that the plan is jointly promoted by the trade, technology, transportation, and energy departments. Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won will attend the event, and take part in a discussion session with other attendees. Industry observers expect that the two chipmakers will invest more than 1,000 trillion won (about $650 billion) over the next 10 years, which may include the possibility of developing a chip industry cluster in the southwestern Honam region. On Saturday, Lee Jae-myung described the investment as a “historic achievement” and a policy initiative that could potentially change the fate of South Korea.