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Seok-Yeol Yun in Saemangeum ‘Secondary Battery Specialized Complex’ 10 Trillion Economy Chaebol Real Estate At the 'Saemangeum Secondary Battery Investment Agreement Ceremony' held at the Gunsan Saemangeum Convention Center (GSCO) on the 2nd, President Yoon Seok-yeol identified Saemangeum as 'Korea's best secondary battery center' and tried to attract domestic conglomerates and foreign companies..

As semiconductor chip maker Micron laid off 10% of its workforce due to steeper-than-expected second-quarter losses, expectations of additional US interest rate hikes overlapped. Samsung's foundry sales declined and LG Ensol's stock plummeted in a continuous bear market. Market research firm Trend Force announced that sales of Samsung Electronics’ foundry division in the third quarter were 5.584..