Samsung's 2,655 Trillion Won Domestic Investment Foreigners Sell 8 Trillion, Won Tops 1,530

Samsung Group announced on June 29, via a national report at the Cheong Wa Dae State Guest House, that it will invest a total of 2,655 trillion won domestically to foster future industries. Samsung Electronics will inject about 2,450 trillion won from 2026 to 2040, allocating 2,100 trillion won to semiconductors alone.

On June 29, the KOSPI fell to the 8,100 level intraday on an 8 trillion won foreign net sell-off before recovering on bargain-hunting to close down 16.56 points (0.20%) at 8,394.65. The won-dollar rate closed at 1,529.70, a 17-year high.

On June 29, Bitcoin fell below the 90 million won level and dropped under $60,000, Newsis reported. The crypto market showed mixed moves amid heightened US interest-rate risk, and Bitcoin is logging a double-digit decline this month.

Samsung Group announced a total of 2,655 trillion won in domestic investment at the 'Korea Great Leap 3 Mega Projects National Report' at the Cheong Wa Dae State Guest House on June 29. Samsung Electronics will allocate about 2,450 trillion won from 2026 to 2040, with 2,100 trillion won for semiconductors alone, Financial News reported.

Samsung Electronics and SK Hynix disclosed their future business and management plans via the electronic disclosure system on June 29. The combined scale is about 3,200 trillion won, linked to the domestic advanced-industry plan, Newspim reported.

On June 29, the KOSPI collapsed to the 8,100 level intraday under a record-scale foreign net sell-off of over 8 trillion won, but closed down 16.56 points (0.20%) at 8,394.65 on bargain-hunting by retail and institutional investors, Businesskorea reported.

On June 29, the won-dollar rate broke past 1,530 intraday and closed at 1,529.70, the highest in about 17 years since the 2009 financial crisis. The currency pressure coupled with foreign net selling weighed on the stock market, Businesskorea reported.

In the 2,655 trillion won plan announced on June 29, Samsung Group allocated 425 trillion won to Honam to build a new Gwangju semiconductor fab and a digital-twin innovation hub, and 625 trillion won to the Chungcheong-Yeongnam regions, Financial News reported.

Of the 2,450 trillion won disclosed on June 29, Samsung Electronics allocated 2,100 trillion won to semiconductors. It will inject 2,030 trillion won into the Pyeongtaek-Yongin cluster in Gyeonggi to strengthen ecosystem integration capabilities such as AI chips and advanced packaging, Newspim reported.

On June 29, CNT Tech's 22nd investment fund invested in 'Tirefly,' an AI-based platform for certified used-tire distribution and on-site installation, Platum reported. It combines AI certification of tire condition with a visiting installation service.

On June 29, Bitcoin broke below the 90 million won level and fell under $60,000, Newsis reported. The crypto market showed mixed moves amid heightened US interest-rate risk, and Bitcoin is logging a double-digit drop this month.

On June 29, Kiwoom Securities was reported to be considering a stake investment in won-based exchange Bithumb, including a third-party allotment of new shares, Financial News reported. It is an early-stage discussion to secure a foundation for its digital asset business.

On June 29, SM Entertainment said TVXQ's U-Know Yunho will release a new single, 'Time's Tickin,' on July 20. It marks his first new release in eight months, following his first full-length album 'I-Know' in November, The Korea Times reported.

On June 29, The Korea Herald reported that ahead of the Aug. 17 convention, some liberal commentators accused President Lee Jae-myung of alienating core party supporters with his centrist outreach. The leadership race is narrowing to a contest between former chair Jung Chung-rae and outgoing PM Kim Min-seok.