South Korea is preparing to launch a sweeping industrial policy initiative centered on three "mega-projects" designed to fuel the country's next phase of economic growth.
Local media reports indicate the planned investments could exceed 1,000 trillion won, equivalent to approximately US$651 billion, over the coming years.
The announcement is expected to come from President Lee Jae Myung, who is positioning the nation to strengthen its standing in advanced semiconductors and artificial intelligence infrastructure.
The scale of the proposed capital expenditure underscores the strategic importance Seoul places on retaining its competitive edge in the global chip market.
By targeting both semiconductor manufacturing and physical AI capabilities, the government aims to create a synergistic ecosystem that supports high-end compute demand and autonomous systems.
This move aligns with broader geopolitical trends where nations are increasingly treating semiconductor supply chains as critical national security assets.