Daewoo E&C chief pledges W10b for Honam semiconductor, AI cluster

Jung Won-ju, chair of Herald Media Group, Jungheung Group and Daewoo Engineering & Construction, has pledged 10 billion won ($7.4 million) to support the development of a semiconductor and artificial intelligence cluster in southwestern Korea. Jung said the Lee Jae Myung administration’s three megaprojects for the Honam region, which comprises the Jeolla provinces and Gwangju, could create new growth opportunities and help address structural challenges including youth outflows, population declin

Source: The Korea Herald