Seoul: South Korean tech giant Samsung Group unveiled on Sunday a 450 trillion-won ($309.1 billion) investment plan for the next five years, as part of broader efforts to ramp up domestic investment after Seoul concluded its trade deal with the United States.

Samsung Electronics Co., the crown jewel of the country's No. 1 conglomerate, will push to launch the framework construction of one of its chip plants in the main Pyeongtaek compound, home to Samsung's semiconductor manufacturing, the company said.

The decision, which also includes investment plans for research and development, was reached at a recent ad-hoc management committee, it said, reports Yonhap news agency.

The new Line 5 chip production line is slated to begin commercial operations in 2028, helping the company better meet

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