South Korea's Trade, Industry and Energy Minister: Link Three Mega Projects to Build National Growth Platform, Aim to Start Semiconductor Plant Production at Least Two Years Early

深潮 TechFlow, November 02 — According to Yonhap News Agency, South Korea's Minister of Trade, Industry and Energy Kim Jung-kwan said on November 2 at a public forum of the National Economic Advisory Council held in Seoul that the three major projects of semiconductors, AI data centers and physical AI will be linked to build a national growth platform. The total investment plan for the three projects is approximately KRW 1,600 trillion, equivalent to about 60% of South Korea's GDP in the year the projects launch. The government will advance the production start date of semiconductor plants by at least two years through measures such as one-stop licensing and approvals and enacting the Ultra-wide-area Special Zone Act. Kim Jung-kwan also proposed the four-part 'M·E·G·A' strategy: mobilizing national strength, engaging all economic participants, generating new growth drivers, and amplifying the impact of outcomes.

Source: 深潮 TechFlow