South Korean President Lee Jae Myung views a humanoid robot displayed ahead of a meeting with representatives of defense companies to discuss strategies for beefing up the defense industry, at the Cheong Wa Dae presidential office in Seoul, South Korea, 26 June 2026. Photo by YONHAP / EPA
June 28 (Asia Today) -- South Korean President Lee Jae Myung is set to unveil Monday three public-private mega-projects reportedly involving about 1,000 trillion won ($649 billion) in investment in semiconductors, artificial intelligence data centers and physical AI.
The projects are intended to promote advanced industries outside the Seoul metropolitan area while creating new sources of economic growth as Lee begins his second year in office.
Lee will preside over a public briefing on the three projects at the presidential compound in Seoul, according to the presidential office.
Samsung Electronics Executive Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are expected to attend and present their companies' investment plans. SK Group controls SK Hynix, one of South Korea's two largest semiconductor manufacturers.
