According to Yonhap News Agency, the investment scale of South Korea's top ten manufacturing companies will increase by 7% year-on-year to 119 trillion won (about US$82.5 billion) in 2025.
The Ministry of Trade, Industry and Energy of South Korea held the fifth industrial investment strategy meeting in Gangnam District, Seoul on February 12, and reviewed the investment results and plans of the top ten manufacturing-related companies and released the above news. According to the introduction, the "top ten manufacturing industries" are mainly semiconductors, automobiles, displays, secondary batteries, petrochemicals and refining, steel, biology, shipbuilding, machinery and robots, and textiles.
It is reported that by 2025, South Korea plans to increase investment in the above ten manufacturing industries from 114 trillion won in 2024 to 119 trillion won.
Specifically, the semiconductor industry will increase investment in cutting-edge memory chips to meet the steadily increasing global demand for artificial intelligence (AI) equipment. The automotive industry will increase investment in electrification transformation. However, due to factors such as stagnant demand for electric vehicles and global oversupply, investment in the secondary battery and steel industries is likely to decrease.