South Korean President Lee Jae Myung speaks during a government meeting to assess progress on three megaprojects at Cheong Wa Dae in Seoul on Monday. Pool photo by Yonhap
The government plans to enact a special law this year to designate special zones for investment projects related to artificial intelligence (AI), the presidential chief of staff said Monday, as Seoul seeks to accelerate their implementation.
Presidential chief of staff Kang Hoon-sik unveiled the plan at a press briefing following a meeting presided over by President Lee Jae Myung to assess progress on the projects.
The Lee administration announced the "three megaprojects" in late June that outlined plans for large-scale investments in a semiconductor production cluster, physical AI and AI data centers in regional areas.
Under the chip cluster project alone, the two leading chipmakers -- Samsung Electronics Co. and SK hynix Inc. -- have pledged to invest a combined 800 trillion won (US$564.9 billion), marking the single-largest investment plan to date in the southwestern city of Gwangju and the surrounding Honam area. The initiative also includes large-scale investments in Chungcheong Province and the southeastern Yeongnam region.
