South Korea accelerates massive semiconductor and AI investment, with President Lee Jae Myung urging 'speed first'

South Korean President Lee Jae Myung has ordered officials to prioritize speed in executing a massive investment plan exceeding $576 billion in semiconductor and AI projects. Major players like Samsung Electronics and SK Hynix are pledging significant capital towards new manufacturing facilities. The directive emphasizes shortening approval procedures and preemptively securing power and water infrastructure to maintain a competitive edge in the global chip industry.