South Korea's newly inaugurated President Lee Jae-myung has unveiled ambitious plans to strengthen the nation's position in cutting-edge technologies. During his oath-taking ceremony at the National Assembly, the president outlined a vision focused on artificial intelligence and semiconductor development as key economic drivers.

Tech-Focused Economic Strategy President Lee emphasized that these high-tech sectors would receive substantial government support to transform them into "new engines" for South Korea's economy. The investment push aims to create high-quality jobs while improving living standards across the nation.

"These fields represent our path forward," Lee declared in his inaugural address. "By building industrial strength in AI and chips, we secure our competitive edge in the global marketplace."

Global Competition Heats Up The announcement comes as nations worldwide race to dominate strategic technologies. South Korea already hosts semiconductor giants like Samsung and SK Hynix, but the new administration appears determined to expand this leadership position. Analysts suggest the investment plan could involve tax incentives, research funding, and public-private partnerships.

Industry experts welcome the focus on future technologies but caution that success requires sustained commitment. "The real test begins now," commented tech analyst Kim Soo-jin. "Turning these ambitions into reality demands careful execution over years, not just months."

Key Points

1. President Lee Jae-myung prioritizes AI and semiconductors as economic growth drivers
2. Investments aim to enhance South Korea's global competitiveness in technology
3. Plan expected to include job creation and improved living standards
4. Move aligns with global tech race among industrialized nations