South Korea unveils US$576B AI and chip megaprojects
By The BriefBrief
South Korea announced US$576 billion in chip and AI megaprojects to strengthen global leadership.
WHO:President Lee Jae Myung
WHAT:South Korea unveiled sweeping chip and AI megaprojects with investments worth more than US$576 billion.
WHEN:Jun 29, 2026 at 2:09 AM ET
WHERE:South Korea
WHY:The announcement was made to cement industry leadership in AI and chips and to narrow regional disparities while reviving economies outside the Seoul metropolitan area.
How this story developed (showing 3 of 3 earlier reports)