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Korean Stocks Rebound as Samsung, SK Hynix Unveil Spending Plan

Korean Stocks Rebound as Samsung, SK Hynix Unveil Spending Plan
Bloomberg Markets Monday 29 June 2026, 07:25 UTC By Sangmi Cha 1 min read
Key Points

Chey Tae-won, chairman of SK Group, left, Lee Jae Myung, South Korea's president, center, and Jay Y. Lee, chairman of Samsung Electronics Co., pose for photographs during a news conference at the presidential Blue House in Seoul, South Korea, on Monday, June 29, 2026. South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung Electronics Co. and SK Hynix Inc. initiating large-scale investments in memory chips, data...

Chey Tae-won, chairman of SK Group, left, Lee Jae Myung, South Korea's president, center, and Jay Y. Lee, chairman of Samsung Electronics Co., pose for photographs during a news conference at the presidential Blue House in Seoul, South Korea, on Monday, June 29, 2026. South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung Electronics Co. and SK Hynix Inc. initiating large-scale investments in memory chips, data centers and robotics.
Korean (ORG) Samsung (ORG) Chey Tae-won (PERSON) SK Group (ORG) Lee Jae Myung (PERSON) South Korea's (LOCATION) Jay Y. Lee (PERSON) Samsung Electronics Co. (ORG) Blue House (ORG) Seoul (LOCATION) South Korea (LOCATION) SK Hynix Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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