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The Latest Breaking News from Lee Jae Myung

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

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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

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

The Independent UK

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.

Bangkok Post

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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.

The Economic Times

The Six Biggest Disappointments of the 2026 World Cup Group Stage

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

Sports Illustrated

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.

Bangkok Post

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,…

The Economic Times

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.

International Business Times 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 Independent UK

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 Economic Times

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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.…

France 24

South Korea sentences ex-president Yoon to 30 years over North Korea drone incident

South Korea on Friday sentenced ex-president Yoon Suk Yeol to 30 years in prison for sending military drones into North Korea in 2024 in a bid to "heighten inter-Korean military tensions and manufacture a national crisis" enabling him to declare martial law. Yeol was in February given a life imprisonment…

The Economic Times

Former South Korea President Yoon Suk Yeol gets 30 years over North Korea drone incident

Former South Korean President Yoon Suk Yeol received a 30-year prison sentence. This conviction stems from sending military drones into North Korea. Prosecutors stated this action was intended to justify a failed martial law declaration. The drone flights heightened tensions between the two nations. Yoon is already serving a life…

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The Guardian - AU

Former South Korea president Yoon Suk Yeol sentenced to 30 years in prison for sending drones over Pyongyang

South Korea’s former president was given a life sentence in February for leading an insurrection with his 2024 martial law declaration

Euronews

Watch: Batteries, microchips, and K-Pop—what's at stake at the EU-Korea Summit

European leaders António Costa and Ursula von der Leyen are hosting South Korean President Lee Jae Myung for the EU-Republic of Korea summit. Why it is important?

Euronews

Newsletter: From K-pop to K2 tanks, South Korea flexes in Europe

South Korean President Lee Jae Myung visits the Belgian capital on Wednesday for a highly anticipated EU-South Korea Summit. Onlookers expect a buffet of East Asian strength on display, ranging from K-pop toppers to military might, and closer Brussels-Seoul relations.

The Economic Times

Samsung Electronics considers building chip packaging plant: Report

Samsung is expected to unveil the investment plan at a meeting between South Korean President Lee Jae Myung and the heads of the country's largest conglomerates on June ‌29, the ⁠newspaper reported, ⁠citing unnamed industry sources. Samsung is expected to unveil the investment plan at a meeting between South Korean…

The Independent UK

Analysis: Chinese President Xi's silence on nuclear arms is a gift to North Korea's Kim Jong Un

Chinese and North Korean state-run media devoted thousands of words to President Xi Jinping’s summit with leader Kim Jong Un in North Korea this week but didn't mention a key matter for Washington: the North’s steadfast pursuit of nuclear weapons that could threaten the United States and its allies in…

The Economic Times

South Korea to overhaul election process after ballot shortage shocks country

South Korea is set to reform its election system following ballot paper shortages during recent local polls. The incident sparked public anger and calls for a new election. President Lee Jae Myung has ordered a full investigation into the matter. The head of the election commission has resigned. This event…

The Economic Times

South Korea labour minister calls on tech firms to share excess AI profits with suppliers, staff

In an interview, Kim Young-hoon told Reuters that companies like Samsung Electronics that outperform profit targets should consider sharing excess gains with suppliers, subcontractors and their workers, after deducting taxes, given their contributions to corporate growth.

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