The Lee Jae Myung administration on Monday unveiled its “Three Mega Projects” strategy, bringing together Samsung, SK Group and other major companies behind a coordinated push to expand South Korea’s semiconductor, Physical AI and AI data center industries. Speaking at a national briefing at the Blue House, the government said it would support the investments with faster permitting, expanded electricity and water infrastructure, and new industrial cities designed to attract companies and skilled workers beyond the Seoul metropolitan area.

Samsung announcedplans to invest $1.72 trillion (2.66 quadrillion won) in domestic projects spanning semiconductors, AI, batteries and advanced