On March 15, 2023, Yoon Suk Yeol announced at an

On March 15, 2023, Yoon Suk Yeol announced at an emergency economic and civic meeting that it would build the world's largest new 'advanced system semiconductor cluster' in the Seoul metropolitan area based on large-scale private investment worth 300 trillion won.

As I have said several times, this presentation was impossible to realize in the first place.

Samsung Electronics, which once had a 19% foundry market share, is now only 8%.

Samsung Electronics said it would invest 300 trillion won to create a system semiconductor cluster at a time when it has to change even the system semiconductor fab to a memory fab.

Based on the announcement at this time, it is still a crime to continue to promote the national industrial complex in Yongin.

Anyway, what I paid attention to at the time was that Yoon Suk Yeol announced it, but Samsung did not officially promote a system semiconductor cluster by any means.

Samsung Electronics has never announced that it will invest in a system semiconductor cluster.

Although Yoon Suk Yeol bent his arm and stayed there, Samsung Electronics remained silent only when Yoon Suk Yeol made an announcement.

Samsung was only going to imitate Yoon Suk Yeol until he stepped down.

Today, President Lee Jae-myung held a private joint meeting with chaebol owners on the Korea-U.S. Joint Fact Sheet (joint explanatory material).

Conglomerates have been scrambling to create jobs by expanding domestic investment in front of the president.

Immediately after that, a press release appeared in the Samsung newsroom.

"Samsung Invests KRW 450 Trillion Over Next 5 Years in Korea"

It is definitely different from other companies such as Hyundai and SK. Samsung is the only company that has issued an official press release so far.

Samsung knows how to catch the eye even if it's rotten. Samsung is tactful, prepared a lot in advance, and knows how to catch the eye even after spending the same amount of money.

What is different from the Yoon Suk Yeol was that Yoon Suk Yeol made the announcement at the time, and Samsung was silent, but this time, it was announced under the name of Samsung instead of the Lee Jae-myung government.

As Samsung has sold the ore, it's a situation where we have to actively intervene in the game.

So, I think this investment of 450 trillion won will be substantial to some extent, compared to 300 trillion won in the system semiconductor cluster, which was a high-ranking official.

Yoon Suk Yeol and Lee Jae-myung seem to be at a different level even if they twist the chaebol's arms in the same way.

In addition to Samsung's 450 trillion won investment, each chaebol, including Hyundai Motor Group, has announced that it will invest as much as possible within the earliest period of time.

I think the chaebol's announcement of domestic investment is aimed at defending the exchange rate in addition to revitalizing the domestic industry and creating jobs.

The value of the won has fallen in the past few days, and fears about the exchange rate have spread widely.

So I think President Lee Jae-myung called in chaebol heads and pressured them to bring them back to Korea instead of just holding on to the dollars they have earned from exports, citing domestic investment.

If chaebol want to invest in Korea, they have to change the dollar to won, which is a very useful way to prevent the won from depreciating.

Instead of releasing the dollar they hold to revive the nightmare of the foreign exchange crisis, they have chosen to let chaebol bring their foreign dollars to Korea.

According to the Ministry of Trade, Industry and Energy's 'October Import and Export Trends', semiconductor exports are $15.7 billion and automobile exports are $5.5 billion.

Where is the dollar now? Would it have helped Korea's foreign exchange reserves by bringing it into Korea and changing it to won?

Chaebol's third generation Lee Jae-yong and Jeong Eui-sun did it to stabilize the exchange rate in Korea? I don't know.

I don't know the economy, I don't know the exchange rate or stocks.

However, I think I can understand that Article 300 of the Yoon Suk Yeol was an airlift, and the chaebol's investment promise is a promissory note set for a period.

And I can assume that the chaebol's investment promise this time is one way to prevent the won from weakening and protect Korea's foreign exchange reserves.

In order to defend the exchange rate, he twisted the arms of chaebol and nailed domestic investment until the period to secure the promise.

Domestic investment by chaebols is the surest way to bring the dollars they received for export to the country.

One vote is that the exchange rate will stabilize without the BOK's intervention starting tomorrow.

Lee Jae-myung, you're good at work.

BamBam 1: This is definitely not a stock story. If I know well about stocks, I'll make a lot of money by myself, why would I write this? I don't know anything else, but don't read my article and refer to it for stock investment.

BamBamBam 2: Nevertheless, if you feel grateful that what I'm telling you is of any help, pay me back. I'm not asking you to be a "whale companion" in support of the nation's only children's culture magazine, Whale Did. I'll do that. Whale aunt and uncle whale are my favorite.