South Korea’s Minister of Trade, Industry and Energy, Kim Jeong-gwan, said on Nov. 2 in Seoul that the government plans to link three major projects — semiconductors, AI data centers and physical AI — into what he described as a national growth platform, according to Yonhap News Agency. The combined investment plan for the three projects totals about KRW 1,600 trillion, which he said is roughly 60% of South Korea’s GDP in the year the projects begin. Kim also said the government will push to shorten the time needed for semiconductor factories to begin operations by at least two years through one-stop permit approvals and by drafting a "Special Act on Ultra-Wide Special Zones." In the same remarks, he presented four implementation strategies under the acronym M·E·G·A: concentrating national capabilities, encouraging participation from all economic actors, creating new growth drivers and expanding the impact of the results.
South Korea’s Minister of Trade, Industry and Energy, Kim Jeong-gwan, said on Nov. 2 at a public forum of the National Economic Advisory Council in Seoul that the country will connect three major projects — semiconductors, AI data centers and physical AI — to build what he described as a national growth platform, according to Yonhap News Agency.
Kim said the total planned investment for the three projects is about KRW 1,600 trillion, equal to roughly 60% of South Korea’s GDP in the year the projects are launched.
He also said the government will seek to bring forward the start of semiconductor factory operations by at least two years through one-stop permit processing and measures including the drafting of a "Special Act on Ultra-Wide Special Zones."
Kim also presented four implementation strategies under M·E·G·A: concentrating national strength, promoting participation by all economic actors, creating new growth engines and expanding the effect of the outcomes.
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