South Korean Group Plans to invest $29 Bilion in the U.S.
Combined SK U.S. Investment Tops $52 Billion, Will Create Tens of Thousands of High-Tech, High-Paying American Jobs WASHINGTON, DC, United States, July 26, 2022 -- Today, South Korea's SK Group Chairman Chey Tae-won will meet with President Joe Biden to discuss plans to strengthen U.S. supply chain resilience, and address climate change and the spread of communicable viruses. Mr. Chey will announce that SK Group plans to increase its new investment in the United States by $22 billion in areas including semiconductors, green energy, and bioscience, creating tens of thousands of new high-tech, high-paying American jobs. This is in addition to SK’s recently announced investment of $7 billion to build two new gigafactories in Tennessee and Kentucky as part of a joint venture with Ford Motor Company. The total amount SK Group is committing to invest in the U.S. going forward is nearly $30 billion. The investment announcement today comes on top of the $22 bill...