South Korea has launched a comprehensive industrial policy initiative centered on three "mega-projects" designed to fuel the country's next phase of economic growth.
President Lee Jae Myung announced the plan on Monday, pledging to cement overwhelming industry leadership through investments spanning hundreds of billions of dollars over several years.
The strategy targets the semiconductor industry, physical artificial intelligence capabilities, and broader AI infrastructure, aiming to reinforce the nation's position in the global technology supply chain.
The announcement underscores the intensifying competition for semiconductor manufacturing capacity and AI hardware dominance.
By committing state-backed capital to these sectors, Seoul is signaling a long-term strategic bet on technology as the primary driver of future GDP growth.
The move is likely to provide a tailwind for domestic chipmakers and equipment suppliers, who stand to benefit from increased government spending and potential subsidies.