South Korea Announces Over $576 Billion Investment Plan for AI and Semiconductor Industries

Seoul. South Korea has announced a massive investment plan of over 576 billion US dollars to further strengthen its global leadership in the artificial intelligence (AI) and semiconductor industries. President Lee Jae-myung announced the plan on Monday, calling it a historic step for the country's AI and chip industry.

This plan has been brought with the aim of expanding South Korea's AI and chip production capacity as well as accelerating the economic development of areas outside the capital Seoul.