South Korean tech giant Samsung Electronics Co. has approved a preliminary investment plan to set up a second chip-production line near Seoul, an industry source said Wednesday.

The Management Committee -- the top decision-making body at Samsung Electronics -- held a meeting earlier in the day and endorsed the plan without opposition, the source said.

The committee is composed of three top Samsung executives, Kwon Oh-hyun, Yoon Boo-keun and Shin Jong-Kyun.

Samsung Electronics said it had no comment.

The decision, if confirmed, would mark the first major investment since Samsung Electronics Vice Chairman Lee Jae-yong was released from prison earlier this week after being locked up for nearly a year over a bribery scandal that led to the ouster of former President Park Geun-hye.