SK Group plans to invest 247 trillion KRW in the semiconductor sector

South Korea's second largest industrial conglomerate, SK Group, announced plans to invest $247 trillion

south korean won to semiconductorbiopharmaceutical sectors and in the production of batteries. Investment plans are for five years, it is assumed that 179 trillion South Korean won of this amount will be spent in South Korea. The bulk of investments will be directed to the semiconductor segment. SK Hynix, part of the conglomerate, is the world's second largest manufacturer of memory chips after Samsung. The announcement of the grand investment follows SK Group on the heels of similar announcements made by Samsung, which previously announced plans to invest 345 trillion KRW in semiconductor expansion and other areas and aim to create more than 1 million new jobs.