What Happened

The National Growth Fund approved 370 billion won ($370B) on June 25, 2026 for three strategic projects: a Yeongyang-gun wind power plant (GS E&R/Naver), LS Cable's submarine cable expansion, and Simmtech's semiconductor substrate facility. Funding includes long-term loans and low-interest financing.

Who Is Affected

Direct beneficiaries: GS E&R (energy), Naver (data centers), LS Cable (infrastructure), and Simmtech (semiconductors). Indirect: Suppliers to wind turbine manufacturing, high-voltage cable components, and semiconductor equipment.

Market Impact

• Wind: 72MW plant enables Naver's AI/data center RE100 goals
• Cables: Positions LS for offshore wind/transmission projects
• Semiconductors: Strengthens Simmtech's memory substrate capacity

What to Watch

Follow GS E&R/Naver's Q3 2026 tender for wind contractors and LS Cable's supplier RFPs. Simmtech's expansion may trigger equipment orders by Q4.