---- Title: SK, LG, GS, POSCO, Hyundai Heavy unveil investment plans for future growth ---- ... SK to invest W247 tril. over next five years in battery, bio, chip sectors ---- Image Caption: SK Group Chairman Chey Tae-won, from left, LG Group Chairman Koo Kwang-mo, GS Group Chairman Huh Tae-soo and POSCO Group Chairman Choi Jeong-woo ---- ... Following Samsung Group and Hyundai Motor Group's massive investment plans, other Korean conglomerates, including SK, LG, GS, POSCO and Hyundai Heavy Industries unveiled large-scale investment plans Thursday in a move to find future growth opportunities and respond to President Yoon Suk-yeol's pledge to create a business-friendly environment. Their investment plans are focused on creating more jobs and fostering promising businesses such as semiconductors, bio, electric car batteries, eco-friendly energy and artificial intelligence, which they expect will revitalize the economy seeking new momentum in the post-COVID-19 era. SK Group said it will invest a total of 247 trillion won _$194.8 billion_ until 2026 to strengthen its capabilities in core business items such as semiconductors, batteries and bio. The conglomerate also plans to recruit 50,000 workers here to develop these three fields. The investment and recruitment should be supported in order to secure opportunities for growth and innovation at a time when uncertainties in the global business environment and geopolitical risks exist, the group said. Among the various industries, SK saw the chip business as the key to the Fourth Industrial Revolution and decided to invest 142 trillion won, which is more than half of its total amount of investments. Also, out of the total of 247 trillion won, domestic investments alone will stand at 179 trillion won, which is expected to contribute to revitalizing the country's economy, SK added. In order to achieve carbon neutrality of its businesses, SK Group will invest 67 trillion won in eco-friendly businesses such as electric vehicle _EV_ batteries, battery materials, hydrogen, wind power and renewable energy. 24.9 trillion won will be used in network, content development and digital transformation businesses and 12.7 trillion won for new drug development, vaccine manufacturing facilities and contract-based drug manufacturing businesses.