"In this situation, it appears the outcome will be decided by who moves faster and who secures the lead first," Lee told a government meeting. "Only speed matters."

President Lee Jae Myung plans to preside over a meeting next week to review progress for a mega semiconductor production base in the country's sout...

Samsung Electronics and SK hynix are balancing U.S. investment pressure with South Korea's $523.7 billion plan to build a new semiconductor hub.