South Korean President Lee Jae-myung on June 29, 2026 announced a set of "mega-projects" spanning semiconductors, AI data centres and physical AI (robotics), backed by roughly 1,000 trillion won (about $649-651 billion) in public-private investment. The plan has the government underwrite massive spending by chaebol such as Samsung and SK Group, positioning it as a pillar of a "national leap" aimed at dispersing an industrial base long concentrated in the Seoul metropolitan area. South Korean president to drive massive AI, chip investment
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