President Lee Jae-myung stated on July 2 that "Chungcheong has limitless growth potential" and added that with strategic investments from companies and a strong commitment from the government, the region could become a global center for innovation leading the AI era, surpassing its role as the hub of South Korea's advanced industries.
Speaking at the National Report Meeting on the Vision for Advanced Industry Development in the Chungcheong Region held in Asan, South Chungcheong Province, President Lee made these remarks after receiving updates on investment plans from Samsung, SK Hynix, and Celltrion.
He explained that the four key advanced industries—semiconductors, displays, secondary batteries, and biotechnology—are essential strategic sectors that will shape South Korea's future in the AI era, and that Chungcheong is the region where these industries form a cohesive ecosystem.
President Lee emphasized that "Chungcheong embodies the dream and hope of balanced national development. The urgent journey to break the vicious cycle of overcrowding in the capital region and regional extinction must begin here in Chungcheong."
He assured that the government would not miss this significant opportunity to align the region as a hub for balanced development and advanced industries, promising to mobilize all available resources to support corporate decisions.
Furthermore, he highlighted the goal of realizing a transformation toward local-led growth, where each of the five regions and three special areas builds independent industrial ecosystems and competes to develop, starting with Chungcheong.
President Lee expressed gratitude for the bold investment plans announced by Samsung, SK Hynix, and Celltrion to foster advanced industries in the Chungcheong region, stating, "On behalf of the public, I thank you for your decisive actions."
He particularly recalled Lee Jae-yong's remarks, saying, "It reminded me of the historical moment in 1983 when the late Lee Byung-chul declared entry into the semiconductor industry in Tokyo. Just as that foresight made South Korea a semiconductor powerhouse, I am confident that Chairman Lee Jae-yong's decision will lead to a new leap in South Korea's advanced industries."
He also predicted that the upcoming large-scale investments by companies, particularly Samsung's decision to produce High Bandwidth Memory (HBM), would further enhance Chungcheong's status as a center for advanced industries.
Additionally, he acknowledged business leaders like Celltrion's Seo Jeong-jin, who have tirelessly forged new paths in advanced industries, stating that the announced investment plans signify not just an expansion of production facilities to Chungcheong, but a bold declaration of trust and a commitment to a better future for South Korea.
President Lee concluded by stating that entrepreneurs who turn challenges into opportunities, universities and research institutions that provide a solid foundation for future talent and core technologies, and local governments responsible for innovative infrastructure and living conditions will work as a united team to redraw South Korea's growth map. He affirmed, "With your dedication and efforts, we will achieve a leap forward for South Korea as an irreplaceable industrial powerhouse."
Speaking at the National Report Meeting on the Vision for Advanced Industry Development in the Chungcheong Region held in Asan, South Chungcheong Province, President Lee made these remarks after receiving updates on investment plans from Samsung, SK Hynix, and Celltrion.
He explained that the four key advanced industries—semiconductors, displays, secondary batteries, and biotechnology—are essential strategic sectors that will shape South Korea's future in the AI era, and that Chungcheong is the region where these industries form a cohesive ecosystem.
President Lee emphasized that "Chungcheong embodies the dream and hope of balanced national development. The urgent journey to break the vicious cycle of overcrowding in the capital region and regional extinction must begin here in Chungcheong."
He assured that the government would not miss this significant opportunity to align the region as a hub for balanced development and advanced industries, promising to mobilize all available resources to support corporate decisions.
Furthermore, he highlighted the goal of realizing a transformation toward local-led growth, where each of the five regions and three special areas builds independent industrial ecosystems and competes to develop, starting with Chungcheong.
President Lee expressed gratitude for the bold investment plans announced by Samsung, SK Hynix, and Celltrion to foster advanced industries in the Chungcheong region, stating, "On behalf of the public, I thank you for your decisive actions."
He particularly recalled Lee Jae-yong's remarks, saying, "It reminded me of the historical moment in 1983 when the late Lee Byung-chul declared entry into the semiconductor industry in Tokyo. Just as that foresight made South Korea a semiconductor powerhouse, I am confident that Chairman Lee Jae-yong's decision will lead to a new leap in South Korea's advanced industries."
He also predicted that the upcoming large-scale investments by companies, particularly Samsung's decision to produce High Bandwidth Memory (HBM), would further enhance Chungcheong's status as a center for advanced industries.
Additionally, he acknowledged business leaders like Celltrion's Seo Jeong-jin, who have tirelessly forged new paths in advanced industries, stating that the announced investment plans signify not just an expansion of production facilities to Chungcheong, but a bold declaration of trust and a commitment to a better future for South Korea.
President Lee concluded by stating that entrepreneurs who turn challenges into opportunities, universities and research institutions that provide a solid foundation for future talent and core technologies, and local governments responsible for innovative infrastructure and living conditions will work as a united team to redraw South Korea's growth map. He affirmed, "With your dedication and efforts, we will achieve a leap forward for South Korea as an irreplaceable industrial powerhouse."
* This article has been translated by AI.
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