South Korean president pledges to double chip output, build AI supply chains

Lee stated that South Korea will expand its chip production hub to achieve the doubling of semiconductor production capabilities. He also emphasized the creation of critical AI supply chains that will not be shaken by any shocks. The president highlighted that Seoul is reinvesting the "results" from the AI chip boom to establish a new "Future Fund." This fund is intended to nurture related industrial infrastructure and talent, ensuring stable support for future industries.

To attract foreign investment, Lee pledged to enhance shareholder value through legal revisions and expand the foreign exchange market to operate around the clock. "We will double down on efforts to create market conditions in which global capital can invest freely and at any time," Lee said, guaranteeing continuous reforms to capital and foreign currency markets.

Recalling his summit talks with U.S. President Donald Trump the previous day, Lee mentioned discussions on cooperation in shipbuilding, particularly the construction of U.S. military vessels. He described South Korea and the U.S. as "key partners" supporting each other in industry, economy, and security, expressing hope that this cooperation would contribute to peace on the Korean Peninsula.