Samsung to invest $90 billion in South Korea’s Chungcheong province

Seoul: Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in ‌the central ⁠province of ⁠Chungcheong.

Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics to invest 56 trillion to build packaging facilities for high-bandwidth memory chips ⁠in Onyang ‌and Cheonan.

The plan fits into bigger investment ⁠plans the group rolled out on Monday. Details were provided by Samsung Display CEO Yi Chung at an event hosted by President Lee Jae Myung on Thursday.