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Industry

South Korea faces warnings of growing reliance on semiconductors

Warnings are growing that South Korea is shifting toward an economy led by a single semiconductor sector, similar to Taiwan. Record chip exports driven by AI demand are lifting potential growth forecasts and per-capita GDP projections. But analysts say gains are concentrating in Samsung Electronics and SK hynix as they handle production and packaging in-house. That could widen the gap between headline indicators and felt conditions, with institutions also warning of structural risks and weaker non-chip manufacturing.

Industry

Industry minister Kim Jeong-gwan to directly oversee Chungcheong mega project after southwest

South Korea\'s Ministry of Trade, Industry and Energy said Industry Minister Kim Jeong-gwan chaired the fourth meeting of a public-private task force on the Chungcheong region\'s advanced strategic industries mega project. Participants included investing companies, local governments and relevant ministries. The task force was set up to support implementation of a 392 trillion won investment plan announced in July. The meeting reviewed investment progress, permitting issues and infrastructure needs such as power and water.

AI & Enterprise

Korea expands eligibility for national integrated bio big data project to those not covered by health checkups

South Korea will expand eligibility for the National Integrated Bio Big Data Project to include people not covered by national health checkups. Anyone who wants to participate will be able to join after completing required examination procedures. The Health Ministry and other agencies announced the changes on Oct. 15. The project collects donated health and genetic information for research, with plans for use in Korean sovereign medical AI, drug and device development and precision medicine.