# Samsung, SK hynix, LG Display plan W51.9 trillion investment in Korea

Samsung Electronics, SK hynix and LG Display announced plans to invest a combined 51.9 trillion won ($45.8 billion) in South Korea by 2024, including Samsung's 21.4 trillion won for new OLED factories, SK hynix's NAND flash plants, and LG Display's 15 trillion won for OLED factories.

- Type: Investment
- Announced: 2017-09-18
- Where: Gyeonggi Province, South Chungcheong Province, North Chungcheong Province, North Gyeongsang Province, South Korea
- Value: $45.8B (51900.0B KRW)
- Status: announced
- Products: OLED displays, NAND flash memory, LCD panels
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md)
- [SK Hynix](https://endata.com/companies/2769.md)
- [LG Display](https://endata.com/companies/8752.md)

## Sources

- [koreaherald.com](https://www.koreaherald.com/article/1448127), 2017-09-18: "Major South Korean manufacturers of semiconductors and displays plan to invest a combined 51.9 trillion won ($45.8 billion) in the domestic market by 2024 to help stimulate the local economy and create jobs, the government said Monday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.