According to Yonhap News Agency, SK Group announced that it will invest 247 trillion won in semiconductor, battery and biopharmaceutical businesses by 2026.

In order to gain opportunities for growth and innovation amid uncertainties and geopolitical risks in the global business environment, SK Group said it must support investment and talent recruitment.

In this investment, semiconductors and semiconductor materials accounted for the largest share, at 142.2 trillion won. SK Group said that the core of the fourth industrial revolution is semiconductors, such as AI (artificial intelligence) and DT (digital transformation), and SK Group will focus on creating an ecosystem to enhance semiconductor competitiveness.

Specific investment objectives include the construction of the Yongin semiconductor cluster in South Korea, the expansion of semiconductor factories, and the expansion of materials, parts and equipment related facilities such as special gases and wafers.