MASSIVE AI AND CHIP INVESTMENT DRIVE – South Korea is set to unveil three “mega-projects” to fuel its next growth phase
South Korea is set to unveil three “mega-projects” to fuel its next growth phase on Monday , including a new semiconductor hub in the southwest that local media say could attract investments by Samsung and SK spanning hundreds of billions of dollars over several years.
The announcement would mark President Lee Jae Myung’s boldest push yet to align South Korea’s AI and chip ambitions with his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area.
Lee will preside over the event, framed as a national “great leap” due to be unveiled around 0500 GMT, his office said, with ministries covering industry, science, climate and transport set to outline policy support.
Samsung Electronics and SK are expected to present investment plans, and their chairmen, Jay Y. Lee and Chey Tae-won, are among business leaders tipped to attend by local media.
The package will span semiconductors, AI data centers and physical AI including robotics, Lee’s office said, while the president’s social media posts signaled a new chip cluster planned for the underdeveloped southwest, including Gwangju and South Jeolla province. Local media have reported the planned investments could exceed 1,000 trillion won ($651.41 billion) over the coming years.
