Korea to power regional growth with AI, chip ‘megaprojects’
ONP Summary
President Lee Jae-myung unveiled a government and private sector investment drive targeting semiconductor manufacturing and artificial intelligence infrastructure, with Samsung and SK Hynix committing to build new production facilities in regions outside Seoul. The program aims to establish South Korea's technological leadership in chips and AI while redistributing economic development to address disparities between the capital and other regions.
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South Korea on Monday unveiled a blueprint for three flagship "megaprojects" centered on semiconductors, artificial intelligence data centers and physical AI, seeking to create new growth engines while promoting more balanced development beyond the capital region.
President Lee Jae Myung convened business leaders and government officials at Cheong Wa Dae in Seoul to present the projects to the public, pledging to personally oversee their implementation and ensure their swift execution.
The plan ...