SK Hynix's US$299 billion chip plan faces military base hurdle

SK Hynix's proposed semiconductor cluster worth about KRW400 trillion (roughly US$299 billion) has hit an obstacle: the Gwangju site overlaps with a military base. SK Group Chairman Chey Tae-won visited the site on October 9, 2026.

• SK Hynix plans to invest about KRW400 trillion (~US$299 billion) in the chip project
• A military base on the Gwangju site is the key obstacle
• SK Group Chairman Chey Tae-won inspected the site on October 9, 2026