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Industry
South Korea launches megaprojects spanning Samsung, SK fabs, AI robots and data centres
South Korea will foster semiconductors, physical AI and AI data centres as national growth engines based on large private-sector investment by companies including Samsung Electronics and SK. President Lee Jae-myung chaired a public briefing on three megaprojects and said he would directly oversee execution. Plans include accelerating chip plant construction, building regional production hubs, developing humanoid robots and foundation models, expanding AI data-centre capacity, and launching a manufacturing AI strategy with joint public-private investment.
Industry
President Lee Jae Myung vows \'ultra-gap\' lead with AI triangle, boosts southwest semiconductor hub
President Lee Jae Myung chaired a briefing at Cheong Wa Dae on three mega projects and outlined a Korea-style AI industrial push centred on semiconductors, physical AI and AI data centres. He said only speed would ensure survival and pledged large investment in new hubs, including the southwest. Lee said existing sites around Yongin and Pyeongtaek face power and water limits, and vowed stronger government support so companies can invest without losses.
Finance
National Participation Growth Fund sells out as financial sector steps up payment ecosystem expansion
South Korea\'s National Participation Growth Fund effectively sold out on its first day of sales, with more than 87 percent of supply taken up and some online allotments closing in 10 minutes. Financial authorities are reviewing options to bring forward next year\'s supply or add more, with additional sales in the second half also discussed. Markets also saw spillover effects, while financial institutions and fintech firms moved to expand payment ecosystems and data-driven services.
