Lee sets 2030 goal to build Korean security-tech giants to match Palantir

President Lee Jae Myung on Friday unveiled an ambitious plan to build South Korea's own generation of security-technology champions, seeking to cultivate companies capable of matching industry leaders such as Palantir.

Lee set a goal of creating five companies valued at more than 1 trillion won ($650 million) and 50 firms with annual sales exceeding 100 billion won by 2030.

Lee announced the initiative while chairing a strategy meeting at Cheong Wa Dae in Seoul, where officials outlined plans to ...