Key facts
- South Korean President Lee Jae Myung is traveling to San Francisco to meet with global tech leaders.
- The visit is intended to convert the global AI investment boom into domestic economic gains.
- South Korea's semiconductor profits are rising, but this has not led to significant job growth.
South Korean President Lee Jae Myung is set to travel to San Francisco to engage with global technology leaders. The objective of this trip is to harness the current global boom in artificial intelligence investment and translate it into tangible economic benefits for South Korea. This initiative comes at a time when the nation's semiconductor industry is experiencing substantial profit growth, yet this surge has not translated into a significant increase in employment, presenting a challenge of 'growth without jobs'. Lee will be accompanied by the chairmen of major chip manufacturers Samsung Electronics and SK Hynix.