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Market Chatter: Samsung Group to Invest KRW1,000 Trillion in Korea; Samsung Elec Shares Decline 7%, Samsung SDI Fall 5%

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Samsung Group plans to invest 1,000 trillion won in South Korea over a period of 10 years, details of which will be announced on Monday at a meeting with President Lee Jae Myung at ​the presidential office, Reuters reported Friday, citing a Maeil Business Newspaper report that did not cite sources.

The investment could potentially include ​300 trillion won for the construction of chip factories in the southwest of the country, the report said.

The investment will be used to build AI data centers, ⁠develop batteries and displays, according to Maeil Business as cited by Reuters.

Samsung Group comprises chip giant Samsung Electronics (KRX:005930), battery maker Samsung SDI (KRX:006400), and IT services firm Samsung SDS (KRX:018260), among others.

Samsung did not immediately reply to' request for comment.

Shares of Samsung Electronics fell nearly 7% while those of Samsung SDI declined nearly 5%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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