[Yoo Choon-sik] Korea’s trillion-dollar AI push meets skepticism

Buoyed by soaring prices of high-performance semiconductors for the AI industry that the country exports, the South Korean government early last week unveiled medium- to long-term investment plans totaling some $1 trillion.

But the announcement failed to win much enthusiasm from financial markets or overseas industry circles amid suspicion that political motives overwhelmed economic logic.

Flanked by the heads of two of the world’s three largest producers of AI memory chips, President Lee Jae My ...