South Korea will unveil a sweeping strategy on Monday aimed at driving the nation’s great leap forward. The announcement will feature major investment plans from Samsung Electronics and SK Group, alongside new government policy initiatives.
Led by Samsung and SK Group, the reported investment plan focuses on chips, AI data centers, and physical AI. Local media reports indicate that these planned investments could exceed 1,000 trillion won, estimated between $649 billion and $651.41 billion, over the coming years.
The announcement marks Lee Jae Myung's boldest push to align South Korea's AI and chip ambitions with his pledge to address the country's narrow regional disparities. Leaders of the chip giants are expected to unveil the package when they present the plans at the presidential office on June 29.