South Korea's government and the ruling Democratic Party agreed to step up
support for a recently announced large-scale semiconductor and AI investment
program and to push rapid enabling legislation. The "three super projects"
unveiled at the end of last month target semiconductors, physical AI and AI data
centers and entail roughly 4,755 trillion won (about $3.16 trillion) of
investment. Under the plan, Samsung Electronics would build two memory fabs in
Gwangju and the surrounding Jeolla region and SK Hynix would build two
additional wafer fabs. The Democratic Party has formed a special committee to
back the projects and pledged legislative and budgetary support, aiming to pass
a special-law to create "super special zones" to loosen regulation by year-end.
