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South Korea's SK announces US$195 billion investment for chips, batteries, bio through 2026

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SEOUL: SK Group, South Korea\u0027s second-biggest conglomerate after Samsung Group, said on Thursday (May 26) it will invest 247 trillion won (US$195.24 billion) in the semiconductor, battery and biopharmaceutical sectors over the next five years. SK Group, whose affiliates include the world\u0027s second-biggest m

SEOUL: SK Group, South Korea's second-biggest conglomerate after Samsung Group, said on Thursday it will invest 247 trillion won in the semiconductor, battery and biopharmaceutical sectors over the next five years.

SK Group, whose affiliates include the world's second-biggest memory chip maker SK Hynix Inc, said more than half of the investment will go into semiconductors and materials and 179 trillion won will be invested in South Korea to help revitalise the economy.

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South Korea's SK announces $195 billion investment for chips, batteries, bio through 2026SEOUL : SK Group, South Korea's second-biggest conglomerate after Samsung Group, said on Thursday it will invest 247 trillion won ($195.24 billion) in the semiconductor, battery and biopharmaceutical sectors over the next five years.SK Group, whose affiliates include the world's second-biggest memory chip
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