Lee Jae-myung: South Korea Must Expedite Chip Production Base Construction to Keep Pace with Demand, Allocating 5 to 20 Trillion Won for New Projects in the Southwest
2 day ago / Read about 0 minute
Author:小编   

On June 29, 2026, South Korean President Lee Jae-myung emphasized that, in light of the intense global competition within the chip and artificial intelligence industries, South Korea must expedite the establishment of chip production facilities to adequately meet market demand. Consequently, the nation plans to channel investments into the southwest region to bolster its chip manufacturing capabilities. This strategic move involves an investment range of 5 to 20 trillion won in new projects within the area, with potential additional investments of up to 520 trillion won from cities like Gwangju and Jeolla.

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