South Korean President: Accelerate Three Major Projects in Semiconductor, Physical AI, and AI Data Centers

On July 6, South Korean President Lee Jae-myung chaired a joint meeting at the Blue House to advance the three major super projects: semiconductors, physical artificial intelligence (AI), and AI data centers. He stated that the key to these projects lies in winning the 'speed battle.' Lee emphasized that competition in advanced industries is crucial for the fate of nations, and the ultimate outcome depends on who acts faster. He mentioned that the government should proactively eliminate various obstacles that businesses may encounter during investment and project development, ensuring that administrative approval processes do not delay investments and project implementation. Lee also announced that the Blue House will quickly establish specialized working groups for the three major projects, and the government will make every effort to provide support. Currently, the semiconductor industry is generating significant unexpected tax revenue, and the government will fully leverage this financial capacity to ensure support for project construction in all aspects, including fiscal assistance.