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The Latest Breaking News from South Korea

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

South Korea Coach Resigns Not Long After President Calls Him 'Incapable' Over World Cup Failure

Hong Myung-bo resigns as South Korea's football coach after World Cup exit, following criticism from President Lee Jae-myung over leadership and team performance.

International Business Times UK

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South Korea's president declares that it will invest over $580 billion in its AI chip industry, with Samsung and SK hynix coughing up most of the money

That's great and all that jazz, but can I have affordable DDR5 and SSDs again, please?

PC Gamer

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

Key facts on South Korea's three chip and AI 'mega projects'

Below is a summary of the investments and targets announced at the event and in corporate and government statements.

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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China, EU commerce ministers meet amid widening trade imbalance

EU Trade Commissioner Maros Sefcovic and his Chinese counterpart are meeting in Brussels as Europe prepares countermeasures to battle a flood of cheap imports. Also, oil prices climb after a weekend of renewed strikes between the US and Iran, and South Korea unveils a massive new investment in chip production.

France 24

‘Incapable’ South Korea manager quits in disgrace after president demands investigation into World Cup exit

Hong Myung-bo failed to guide South Korea beyond the group stage and has been lambasted in his homeland

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

Japan's Nikkei reverses course to end higher as chip-related shares cut losses

Japan's Nikkei index staged a remarkable comeback, closing higher after significant early losses. This reversal was driven by chip-related stocks, which recovered following South Korea's announcement of massive investments in chip and AI mega-projects. Investors shifted focus, boosting companies like Nintendo and Sony, while energy stocks experienced a downturn. The…

The Economic Times

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

Global Market: South Korean shares end flat as chipmakers cut losses on 'mega project' announcement

South Korean markets saw a mixed close Monday as chipmakers recovered from initial sharp declines following a massive $576 billion AI and data centre investment announcement. While the KOSPI edged down, construction stocks soared on anticipated demand. However, concerns linger about the long-term payoff of these substantial investments, as foreigners…

The Economic Times

'One-time opportunity': South Korea bets big on AI boom

South Korea's chip industry is poised for a significant boost amidst soaring demand for AI components. Analysts highlight this as a crucial opportunity to outpace rivals like China. Massive investments in new factories and data centers are underway, driven by sky-high profits from advanced memory chip production. This boom, however,…

The Economic Times

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The Economic Times

AI chip rally faces reality check, but bubble fears may be overdone: Adrian Mowat

South Korean chip stocks are experiencing a temporary dip, not an AI bubble burst, according to EM-Equity Strategist Adrian Mowat. He attributes the volatility to strong earnings revisions driven by tight supply and demand. The next phase requires companies to show AI-driven revenue growth and cost reductions. Indian IT firms…

The Independent UK

Asian shares are mixed as tech stocks fall in Japan and South Korea

Asian shares are mixed as tech shares fall following a rout on Friday

The Independent UK

Inside the Tiananmen Square activist’s daring escape to Canada from China by sea

Chinese dissident Dong Guangping has finally reached Canada after a perilous escape from China

The Economic Times

Market wrap: Sensex falls 372 points, Nifty closes below 23,950; Kotak Mahindra Bank drops 3%

Indian markets ended lower as Sensex and Nifty snapped a two-session winning streak, pressured by geopolitical tensions in the Middle East and broad-based selling. While pharma outperformed, auto stocks dragged. Analysts flagged near-term volatility but maintained a constructive outlook for Nifty above key support levels amid mixed global cues.

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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.

The Economic Times

China, India see top firms lose market cap share in AI lag

Major stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share. This contrasts with Taiwan and South Korea, where AI leaders have significantly boosted their benchmarks. While diversification can offer stability, the absence of dominant AI…

Sports Illustrated

The Six Biggest Disappointments of the 2026 World Cup Group Stage

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

The Times of India

Korean proverb of the day: 'When whales fight, the shrimp’s back gets broken' — A brutal reminder that when giants clash, the smallest in the room suffer in silence

A centuries-old Korean proverb, "When whales fight, the shrimp's back gets broken," vividly illustrates how the powerless suffer during conflicts between the influential. This timeless wisdom, originating from oral tradition, remains strikingly relevant today, applying to everything from international relations and corporate disputes to family struggles. Its enduring power lies…

Creative Bloq

How this League of Legends artist crafted a hot and humid moment

Discover the work of South Korean illustrator Blake Byun.

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.

FourFourTwo

‘I told the players they’d be exempt from military service if we reached the semi-finals. They huddled together and started crying, one by one’ How Guus Hiddink motivated South Korea’s 2002 World Cup heroes

The Dutch coach led South Korea to a World Cup semi-final in 2002

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