South Korea unveils Three Mega Projects for AI, semiconductors

South Korean President Lee Jae-myung unveiled the country's Three Mega Projects for AI and Semiconductors in late June 2026. The announcement came as part of an ambitious national strategy designed to strengthen South Korea's global leadership in artificial intelligence and semiconductors, two sectors that underpin modern economic and military power. The specific details of the three projects, their funding levels, and implementation roadmap were not provided in the announcement, but the initiative reflects Seoul's determination to compete with leading global technology powers in both chip manufacturing and AI innovation.

South Korea has long been a major player in semiconductor manufacturing and design, home to companies like Samsung and SK Hynix. The announcement of the Three Mega Projects in late June 2026 represents a formal, government-level commitment to sustain and grow that position in an era of intense global competition, particularly from the United States and China in both semiconductor capacity and AI development. By framing the initiative as a national strategy rather than a series of corporate efforts, the government is signaling that maintaining technological leadership requires coordinated public-sector backing.