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Korea’s Lee Marks First Year With Vow to Find New Growth Engines

The Straits Times

South Korea taps Samsung, SK Hynix in $745 billion plan to cement global AI chip lead

The Chosun Daily

President Lee Jae Myung Unveils 2,000 Trillion Won Mega-Projects

Seoul Economic Daily

Lee to Unveil 'Three Mega Projects' Tomorrow; Samsung, SK Chiefs to Announce Record Investments

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South Korea unveils ambitious tech plan as Samsung and SK Hynix lead mega investments

South Korea to invest $576 billion in AI chip production with Samsung and SK Hynix

Yonhap News Agency

(LEAD) S. Korea unveils large-scale investment projects to spearhead chip, AI development

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South Korea unveils $880bn chip and AI investment plan

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Korea to power regional growth with AI, chip megaprojects

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Nikkei Asia

South Korea announces $520bn chip plant project with Samsung, SK Hynix

Standard HK

South Korean president to unveil massive AI and chip investment drive

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Will a Chinese firm make a large order of domestic AI chips before 2027?

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There's a "wall of fear-mongering and doomerism" in the AI world right now.

"Worrying about AI today is like worrying about overpopulation on Mars."

Concerns that AI could pose a threat to humanity is "preposterously ridiculous."

Claiming AI poses an existential threat is "such an extreme" and risks "wip[ing] out some of its potential benefits."

"I'm more concerned about... the risks that are here and now [than the existential threat of AI]."

Current AI is "not anywhere close" to posing an existential threat but it could in the future.

AI is the "biggest existential threat" to humanity.

AGI's worst-case scenario would be "lights-out for all of us."

Powerful AI systems "taking control" pose an "existential threat."

AI has a "10 to 25 per cent" chance of destroying humanity.

"The most likely result of building a superhumanly smart AI... is that literally everyone on Earth will die."

Does AI Pose an Existential Threat to Humanity?

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"AI may cause the most dramatic and sustained economic boom of all time."

AI will make the world "way wealthier" and lead to a "productivity boom."

AI is an "amplifier of human intelligence" and will help the economy thrive.

AI will enable "universal high income" in place of "universal basic income."

"AI may become the heart of future economic growth in the coming decades."

AI harms could include "disrupting economies."

AI could "disrupt job markets."

"AI and technological unemployment" are the "biggest problem we face" from an "economic point of view."

"The moment superintelligent AI emerges, the human economy will end."

Will AI Bring Economic Risks?

South Korean President Lee Jae-myung unveiled more than $576 billion in chip and AI investments on June 29, joined by Samsung Electronics and SK Hynix leaders for a televised announcement centered on semiconductors, physical AI and data centers.

South Korean President Lee Jae-myung unveiled more than $576 billion in chip and AI investments on June 29, joined by Samsung Electronics and SK Hynix leaders for a televised announcement centered on semiconductors, physical AI and data centers.

Samsung and SK Hynix plan to invest 800 trillion won with suppliers to build two new chip fabrication sites each in South Korea's southwest region, with the country aiming to double DRAM production capacity within five years.

Samsung and SK Hynix plan to invest 800 trillion won with suppliers to build two new chip fabrication sites each in South Korea's southwest region, with the country aiming to double DRAM production capacity within five years.

The initiative, dubbed the "Three Mega Projects," includes semiconductor clusters in Gwangju and South Jeolla, data centers in the Chungcheong region and physical AI investments in Yeongnam, with observers estimating total spending could exceed 2,000 trillion won over 10 years.

The initiative, dubbed the "Three Mega Projects," includes semiconductor clusters in Gwangju and South Jeolla, data centers in the Chungcheong region and physical AI investments in Yeongnam, with observers estimating total spending could exceed 2,000 trillion won over 10 years.

Opposition politicians criticized the southwest chip hub, questioning whether it was politically motivated given that 85 percent of voters in the region backed Lee in the 2025 presidential election. Lee's approval rating had fallen to 46.5 percent at the time of the announcement.

Opposition politicians criticized the southwest chip hub, questioning whether it was politically motivated given that 85 percent of voters in the region backed Lee in the 2025 presidential election. Lee's approval rating had fallen to 46.5 percent at the time of the announcement.

Shares of Samsung Electronics fell 4.8 percent and SK Hynix lost 1.7 percent following the announcement, as some investors expressed concern that massive spending on AI data centers may take too long to generate returns.

Shares of Samsung Electronics fell 4.8 percent and SK Hynix lost 1.7 percent following the announcement, as some investors expressed concern that massive spending on AI data centers may take too long to generate returns.

At a press conference marking his first year in office, Lee said surplus tax revenues from the semiconductor industry should be used to invest in future generations, and pledged to crack down on stock-price manipulation and property-related crimes.

At a press conference marking his first year in office, Lee said surplus tax revenues from the semiconductor industry should be used to invest in future generations, and pledged to crack down on stock-price manipulation and property-related crimes.

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