Lee Jae Myung & SK Hynix

Lee Jae Myung: President Lee Jae Myung is the driving force behind South Korea's ambitious AI and chip investment plan, aiming to cement the country's global leadership and address regional economic imbalances. He has actively promoted the southwest as a new semiconductor hub.

SK Hynix: SK Hynix is a crucial partner in South Korea's semiconductor expansion, committing substantial investments to build new chipmaking facilities and accelerate construction in existing clusters. The company has seen record profits from the AI boom.

Lee Jae Myung: President Lee Jae Myung views the massive chip investment as a political win, aiming to revive economies outside the Seoul metropolitan area with the AI windfall. He dismissed criticism regarding government pressure on companies for investments.

SK Hynix: SK Hynix announced a 100 trillion won investment in new chip plants in Cheongju, South Korea, as part of a larger national AI investment plan. Despite this, its shares fell 15% due to broader market concerns about AI overcapacity.

Lee Jae Myung: President Lee Jae Myung of South Korea has directed officials to expedite major semiconductor and AI projects, emphasizing the country's commitment to strengthening its leadership in these technologies.

SK Hynix: SK Hynix is launching a US listing to raise approximately $28 billion, which will be used to expand its manufacturing capabilities and fund next-generation HBM development. This move is expected to increase its accessibility to US investors and potentially narrow its valuation gap with US-listed peers.