South Korea Plans Huge $576 Billion AI-Chip Investment
South Korea has announced a huge plan to become a world leader in Semiconductor chips and artificial intelligence. On Monday, President Lee Jae Myung said the country will invest more than $576 billion to strengthen these industries and create jobs across different regions. The plan will be led by Samsung
South Korea Warns Against AI Wealth Inequality
South Korea’s Deputy Prime Minister Bae Kyung-hoon recently said that the economic gains created by artificial intelligence must be shared with the wider public rather than pooled and concentrated among big corporations or investors. His remarks arrive while concerns are growing that AI may, in fact, widen inequality and also
South Korea Growth Surges on Chip Demand
In 2026 Q1, South Korea exceeded growth expectations by an impressive margin. Due to strong global demand for semiconductors, due to investment into AI and other technologies, the South Korean economy grew at an annualised 1.7% compared to an expectation of just 1.0%, which is the highest quarterly growth rate
South Korea Producer Prices Surge in March 2026
In March, South Korea’s producer prices posted their largest year-on-year rise in over three years due to the continuing impacts of geopolitical conflict, causing global oil supply chain disruptions. The Bank of Korea indicated that in March, the Producer Price Index increased by 4.1% year-on-year, compared with a February increase
South Korea Import Prices See Sharpest Rise in Years
South Korea’s import prices rose at their fastest rate in more than three years in March, due to a strong rebound in world energy prices. According to the central bank figures, the import price index has risen unexpectedly by 18.4% year-on-year, the largest increase since October 2022. Monthly prices jumped
South Korea to Implement a Fuel Price Cap Amid Unrest
South Korea is ready to implement a fuel price cap for the first time in 30 years, as oil prices rise on Monday due to the war in Iran. President Lee Jae Myung, speaking at the emergency meeting on the impact of the Middle East crises, said the government will
Iran Crisis Threatens South Korea’s AI Chip Industry
South Korea’s semiconductor industry is on high alert due to a growing crisis in the Middle East involving Iran. This conflict has the potential to disrupt the global chip market in two major ways: by choking the supply of essential manufacturing minerals and by cooling demand for artificial intelligence (AI)
Former South Korean President Yoon Charged in Treason Case
South Korea’s special prosecutor recently indicted former President Yoon Suk Yeol on additional charges, including abuse of power and aiding an enemy state, related to his brief attempt to impose martial law last year. An official disclosed that Yoon tried to provoke a military conflict between South and North Korea
Amazon Subsidiary Expands with $5B South Korea Investment
Amazon Web Services (AWS) announced a major investment plan to build new artificial intelligence (AI) data centres in South Korea, committing $5 billion by 2031. This move aligns with Seoul’s ambition to position itself as a leading AI hub in Asia. The announcement was made during a meeting between AWS
South Korea’s Ex First Lady Kim Keon Hee Indicted on Bribery Charges
Kim Keon Hee, the wife of South Korea’s former President Yoon Suk Yeol, was officially charged with bribery and other crimes by a special prosecution team on Friday. This development occurs amidst an expanding investigation into the nation’s martial law crisis and related scandals involving the now-retired power couple. Both
