Chey Tae-won

Money Moves

Committing SK Hynix and SK to chips and data centers

For decades, almost every new South Korean chip plant rose near Seoul. On June 29, 2026, the government told its biggest companies to build the next wave in the poorer southwest instead, and to spend at least 1,350 trillion won — about $880 billion — doing it over ten years.

Updated 2 hours ago