Key facts
- South Korea plans a total investment of 2,900 trillion won (approximately $1.88 trillion) to bolster its AI and semiconductor industries.
- SK Group will invest 2,100 trillion won to establish an AI memory production belt and build AI data centers.
- SK hynix aims to complete its Yongin cluster construction by 2033.
- SK Telecom will build AI data centers with a combined power capacity of 15 gigawatts.
South Korea is set to invest a combined 2,900 trillion won (approximately $1.88 trillion) to bolster its artificial intelligence and semiconductor industries, aiming to secure global supremacy in these advanced technologies. President Lee Jae Myung unveiled the government's initiative, which includes an 800 trillion-won investment plan.
SK Group announced it would invest 2,100 trillion won as part of its vision to enhance the nation's AI value chain. This investment will establish an "AI memory production belt" connecting semiconductor clusters in Yongin and Cheongju, and create a new SK hynix production base in the southwestern region. SK hynix aims to complete its Yongin cluster construction by 2033, ahead of its original schedule, to meet the rising global demand for AI memory chips.
Additionally, SK Telecom, a unit of SK Group, will invest 1,000 trillion won to build AI data centers with a total power capacity of 15 gigawatts. The company highlighted South Korea's stable power supply and chip production capacity as attractive factors for AI data centers. SK Group Chairman Chey Tae-won expressed the conglomerate's commitment to transforming South Korea from an "AI consumer" into an "intelligence exporter."