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The Latest Breaking News from Lee Jae Myung

How a dispute over ecommerce firm Coupang is testing US-South Korea ties

South Korea's fine on ecommerce firm Coupang has drawn significant US criticism. This dispute raises concerns about Seoul's openness to American technology companies. The issue is impacting broader bilateral relations and security negotiations between the two nations. South Korean officials maintain the fine was for a data leak, not discrimination.…

The Economic Times

Explained: Why SK Hynix ADR premiums soared 50% over South Korean shares and how this reminds market of dotcom bubble

SK Hynix’s ADRs are trading at a more than 50% premium to their South Korea-listed shares just days after their Nasdaq debut, raising comparisons with TSMC’s dot-com-era valuation gap. Analysts attribute the divergence to restricted arbitrage, strong AI-driven demand, and easier access for global investors through US markets.

The Economic Times

South Korea's Kospi crashes 5% again, plunges 31% in one month. Is the AI frenzy over?

South Korea's Kospi plunged 5% on Tuesday, extending its two-day decline to nearly 14% and taking the index into bear market territory. The benchmark has fallen over 31% from its June peak after a tech-led rally, though it remains up more than 50% for 2026 overall.

The Economic Times

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South Korea's AI tax windfall a 'golden window' for investment: Lee

South Korea will use a tax revenue windfall from artificial intelligence chipmakers as a strategic source of investment, President Lee Jae Myung said Monday, describing a "golden window" of opportunity. "These revenues are a valuable national resource that should be invested during the golden window when the global race for…

The Economic Times

North Korea condemns NATO summit, says denuclearisation should start with US allies

North Korea condemned the US and its allies for strengthening military blocs. Pyongyang accused NATO leaders of portraying its sovereign rights as a threat. The alliance demonstrated stronger commitment to bloc-to-bloc confrontation and increased arms spending. South Korea's President Lee Jae Myung hoped for expanded cooperation with NATO allies. North…

The Economic Times

South Korea's Lee urges speed in launching mega chip projects

"In this ⁠situation, it ⁠appears the outcome will be decided by who moves faster and who secures the lead first," Lee told a government meeting. "Only speed matters."

The Economic Times

South Korea plans future fund backed by semiconductor tax windfall

South Korea is establishing a "Future Response Fund" from semiconductor boom tax revenues. This fund will fuel major national projects, boost growth engines, and support younger generations. The initiative aims to tackle economic polarization and solidify the nation's global standing. President Lee Jae-myung's administration envisions this as a cornerstone for…

The Economic Times

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Hong Myung-bo Quits as South Korea Coach After President Lee Jae Myung's 'Incompetent People' Remark

Hong Myung-bo resigned as South Korea coach after President Lee Jae Myung criticised football leadership following the team's 2026 World Cup exit

International Business Times UK

Global Market: Samsung, SK Hynix double down on AI chip boom with massive investment push despite oversupply risks

South Korean chip giants Samsung and SK Hynix are investing trillions to boost memory chip production, fueled by soaring AI demand. This ambitious expansion, backed by the government, aims to solidify South Korea's global semiconductor leadership. While current shortages drive optimism, experts warn of potential oversupply if AI spending falters,…

The Economic Times

Samsung, SK Hynix mega South Korea chips gamble tests optimism of AI cycle

South Korean tech giants Samsung and SK Hynix are investing billions in AI chip production, a move lauded by President Lee Jae Myung. While aiming to boost national capacity, analysts warn of potential oversupply risks if AI spending slows. The companies are accelerating fab construction, but much of the new…

The Economic Times

Samsung, SK Group To Unveil Investment Plan Worth Hundreds Of Billions To Boost AI And Chip Production

South Korea is accelerating investments in semiconductors and artificial intelligence as governments worldwide race to secure critical technology supply chains amid geopolitical tensions and growing competition.

International Business Times

South Korea unveils $520 billion investment plan with Samsung and SK Hynix to expand memory chip dominance — plan includes four new fabs and HBM facilities, amid strong government support

President Lee unveiled an 800 trillion won ($520B) public-private plan for four new Samsung and SK Hynix fabs, dwarfing the US CHIPS Act tenfold.

Tom’s Hardware

Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership

The plan, anchored by Samsung Electronics and SK Hynix, marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow domestic regional disparities and revive economies beyond the Seoul metropolitan area.

The Economic Times

South Korea announces $1 trillion semiconductor and AI ‘megaprojects’ plan

Samsung stocks drop by four per cent despite major AI and semiconductor investment

The Independent UK

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The Independent UK

South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand

South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub, capitalizing on surging artificial intelligence-driven demand

Bangkok Post

South Korea to invest nearly $1.2 trillion in chips, AI data centres

SEOUL - South Korea will invest nearly US$1.2 trillion -- equivalent to more than two-thirds of its GDP -- in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions.

The Economic Times

South Korean president to unveil massive AI and chip investment drive

Lee will preside over the event, framed as a national "great leap" due to be unveiled around 0500 ‌GMT, his office ⁠said, with ⁠ministries covering industry, science, climate and transport set to outline policy support.

Sports Illustrated

The Six Biggest Disappointments of the 2026 World Cup Group Stage

Several teams failed to show up on soccer’s grandest stage.

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Bangkok Post

South Korea president apologises after World Cup group-stage exit

SEOUL — South Korean President Lee Jae Myung condemned the country's premature World Cup exit on Sunday, pointing the finger at "incompetent people" and apologising to the nation.

The Economic Times

South Korea, Japan reaffirm denuclearisation goal, closer defence ties

South Korea and Japan are strengthening security ties, reaffirming their commitment to denuclearizing the Korean peninsula. Defence ministers agreed to revive joint search-and-rescue drills and enhance cooperation with the US against North Korea's nuclear ambitions and its growing military links with Russia. This marks a significant step in bilateral relations,…

International Business Times UK

Samsung Eyes $648 Billion Mega Investment to Supercharge South Korea's AI and Chip Ambitions

Samsung plans to invest 1,000 trillion won in South Korea over the next decade, focusing on AI and semiconductor manufacturing, aiming to boost regional development beyond Seoul.

The Independent UK

South Korean court sentences ex-first lady Kim to 7 years for taking luxury gifts tied to favors

The wife of ousted South Korean President Yoon Suk Yeol has been sentenced to seven years in prison

The Economic Times

Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea

The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office, the Maeil Business Newspaper said on Friday, ‌without citing sources.

The Independent UK

South Korea to punish hotel price gouging after BTS fans face soaring room rates

As BTS fans headed to Busan, rooms that typically cost £30 a night surged to £373 during the concerts

The Economic Times

South Korean leader books golf with Trump after 'pinky promise'

South Korean President Lee Jae Myung anticipates a golf game with Donald Trump. The US president made a pledge for a round of golf during G7 talks in France. President Lee received a 'pinky promise' from Trump's wife to seal the agreement. Trump also gifted President Lee a golf marker.…

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