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07-06 17:28
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South Korea's Lee Urges Speed in Launching Mega Chip Projects
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South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.</p><p style=\"text-align: left;\">He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries.</p><p style=\"text-align: left;\">"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."</p><ul><li><p style=\"text-align: left;\">Lee noted that the Yongin industrial complex took six years to progress from site approval to groundbreaking despite being considered relatively fast, and called for environmental reviews and other approval processes to be streamlined where possible.</p></li><li><p style=\"text-align: left;\">He said procedures typically handled sequentially should run in parallel and urged officials to secure power and water infrastructure in advance, highlighting electricity supply as a key issue for chip projects.</p></li><li><p style=\"text-align: left;\">Lee said companies had raised concerns about baseload power supply even though there has been an expansion in renewable energy, and ordered officials to address those concerns in advance.</p></li><li><p style=\"text-align: left;\">South Korea last week unveiled more than $576 billion in investment including in chip and AI industries aimed at securing global dominance and encouraging growth beyond the Seoul metropolitan area.</p></li><li><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a> 005930.KS and SK Hynix 000660.KS will each invest 400 trillion won ($260 billion) to build new chip manufacturing sites each in the southwest of the country, while another 81 trillion won is expected to be invested in a chip-packaging cluster in the Chungcheong region.</p></li><li><p style=\"text-align: left;\">The chip cluster in South Korea's southwest region will be developed at the site of a military airport in Gwangju, and discussions include both Samsung and SK Hynix being at the site, South Korea's presidential chief of staff Kang Hoon-sik said on Monday.</p></li><li><p style=\"text-align: left;\">Samsung declined to comment. SK Hynix was not immediately available for comment.</p></li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South Korea's Lee Urges Speed in Launching Mega Chip Projects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korea's Lee Urges Speed in Launching Mega Chip Projects\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-07-06 17:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">SEOUL, July 6 (Reuters) - South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.</p><p style=\"text-align: left;\">He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries.</p><p style=\"text-align: left;\">"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."</p><ul><li><p style=\"text-align: left;\">Lee noted that the Yongin industrial complex took six years to progress from site approval to groundbreaking despite being considered relatively fast, and called for environmental reviews and other approval processes to be streamlined where possible.</p></li><li><p style=\"text-align: left;\">He said procedures typically handled sequentially should run in parallel and urged officials to secure power and water infrastructure in advance, highlighting electricity supply as a key issue for chip projects.</p></li><li><p style=\"text-align: left;\">Lee said companies had raised concerns about baseload power supply even though there has been an expansion in renewable energy, and ordered officials to address those concerns in advance.</p></li><li><p style=\"text-align: left;\">South Korea last week unveiled more than $576 billion in investment including in chip and AI industries aimed at securing global dominance and encouraging growth beyond the Seoul metropolitan area.</p></li><li><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a> 005930.KS and SK Hynix 000660.KS will each invest 400 trillion won ($260 billion) to build new chip manufacturing sites each in the southwest of the country, while another 81 trillion won is expected to be invested in a chip-packaging cluster in the Chungcheong region.</p></li><li><p style=\"text-align: left;\">The chip cluster in South Korea's southwest region will be developed at the site of a military airport in Gwangju, and discussions include both Samsung and SK Hynix being at the site, South Korea's presidential chief of staff Kang Hoon-sik said on Monday.</p></li><li><p style=\"text-align: left;\">Samsung declined to comment. SK Hynix was not immediately available for comment.</p></li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"07747":"南方两倍做多三星电子","SKHY":"SK海力士","SSNLF":"三星电子","07709":"南方两倍做多海力士"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260706:nL1N438088:3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2649647765","content_text":"SEOUL, July 6 (Reuters) - South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries.\"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.\"Lee noted that the Yongin industrial complex took six years to progress from site approval to groundbreaking despite being considered relatively fast, and called for environmental reviews and other approval processes to be streamlined where possible.He said procedures typically handled sequentially should run in parallel and urged officials to secure power and water infrastructure in advance, highlighting electricity supply as a key issue for chip projects.Lee said companies had raised concerns about baseload power supply even though there has been an expansion in renewable energy, and ordered officials to address those concerns in advance.South Korea last week unveiled more than $576 billion in investment including in chip and AI industries aimed at securing global dominance and encouraging growth beyond the Seoul metropolitan area.Samsung Electronics 005930.KS and SK Hynix 000660.KS will each invest 400 trillion won ($260 billion) to build new chip manufacturing sites each in the southwest of the country, while another 81 trillion won is expected to be invested in a chip-packaging cluster in the Chungcheong region.The chip cluster in South Korea's southwest region will be developed at the site of a military airport in Gwangju, and discussions include both Samsung and SK Hynix being at the site, South Korea's presidential chief of staff Kang Hoon-sik said on Monday.Samsung declined to comment. SK Hynix was not immediately available for comment.","news_type":1,"symbols_score_info":{"SKHY":2,"SSNLF":2,"07709":2,"07747":2}},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":582860384936040,"gmtCreate":1783330106031,"gmtModify":1783330226536,"author":{"id":"4207011173544662","authorId":"4207011173544662","name":"BubuBear","avatar":"https://community-static.tradeup.com/news/9a93b5eb5d9ddb12c87581120d3c19c5","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4207011173544662","authorIdStr":"4207011173544662"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/582860384936040","repostId":"2649647765","repostType":2,"repost":{"id":"2649647765","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1783329154,"share":"https://ttm.financial/m/news/2649647765?lang=en_US&edition=fundamental","pubTime":"2026-07-06 17:12","market":"hk","language":"en","title":"South Korea's Lee Urges Speed in Launching Mega Chip Projects","url":"https://stock-news.laohu8.com/highlight/detail?id=2649647765","media":"Reuters","summary":"UPDATE 1-South Korea's Lee urges speed in launching mega chip projectsAdds site location of southwest chip cluster, Samsung and SK Hynix participationSEOUL, July 6 (Reuters)-South Korean President Lee","content":"<html><head></head><body><p style=\"text-align: left;\">SEOUL, July 6 (Reuters) - South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.</p><p style=\"text-align: left;\">He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries.</p><p style=\"text-align: left;\">"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."</p><ul><li><p style=\"text-align: left;\">Lee noted that the Yongin industrial complex took six years to progress from site approval to groundbreaking despite being considered relatively fast, and called for environmental reviews and other approval processes to be streamlined where possible.</p></li><li><p style=\"text-align: left;\">He said procedures typically handled sequentially should run in parallel and urged officials to secure power and water infrastructure in advance, highlighting electricity supply as a key issue for chip projects.</p></li><li><p style=\"text-align: left;\">Lee said companies had raised concerns about baseload power supply even though there has been an expansion in renewable energy, and ordered officials to address those concerns in advance.</p></li><li><p style=\"text-align: left;\">South Korea last week unveiled more than $576 billion in investment including in chip and AI industries aimed at securing global dominance and encouraging growth beyond the Seoul metropolitan area.</p></li><li><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a> 005930.KS and SK Hynix 000660.KS will each invest 400 trillion won ($260 billion) to build new chip manufacturing sites each in the southwest of the country, while another 81 trillion won is expected to be invested in a chip-packaging cluster in the Chungcheong region.</p></li><li><p style=\"text-align: left;\">The chip cluster in South Korea's southwest region will be developed at the site of a military airport in Gwangju, and discussions include both Samsung and SK Hynix being at the site, South Korea's presidential chief of staff Kang Hoon-sik said on Monday.</p></li><li><p style=\"text-align: left;\">Samsung declined to comment. SK Hynix was not immediately available for comment.</p></li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South Korea's Lee Urges Speed in Launching Mega Chip Projects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korea's Lee Urges Speed in Launching Mega Chip Projects\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-07-06 17:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">SEOUL, July 6 (Reuters) - South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.</p><p style=\"text-align: left;\">He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries.</p><p style=\"text-align: left;\">"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."</p><ul><li><p style=\"text-align: left;\">Lee noted that the Yongin industrial complex took six years to progress from site approval to groundbreaking despite being considered relatively fast, and called for environmental reviews and other approval processes to be streamlined where possible.</p></li><li><p style=\"text-align: left;\">He said procedures typically handled sequentially should run in parallel and urged officials to secure power and water infrastructure in advance, highlighting electricity supply as a key issue for chip projects.</p></li><li><p style=\"text-align: left;\">Lee said companies had raised concerns about baseload power supply even though there has been an expansion in renewable energy, and ordered officials to address those concerns in advance.</p></li><li><p style=\"text-align: left;\">South Korea last week unveiled more than $576 billion in investment including in chip and AI industries aimed at securing global dominance and encouraging growth beyond the Seoul metropolitan area.</p></li><li><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a> 005930.KS and SK Hynix 000660.KS will each invest 400 trillion won ($260 billion) to build new chip manufacturing sites each in the southwest of the country, while another 81 trillion won is expected to be invested in a chip-packaging cluster in the Chungcheong region.</p></li><li><p style=\"text-align: left;\">The chip cluster in South Korea's southwest region will be developed at the site of a military airport in Gwangju, and discussions include both Samsung and SK Hynix being at the site, South Korea's presidential chief of staff Kang Hoon-sik said on Monday.</p></li><li><p style=\"text-align: left;\">Samsung declined to comment. SK Hynix was not immediately available for comment.</p></li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"07747":"南方两倍做多三星电子","SKHY":"SK海力士","SSNLF":"三星电子","07709":"南方两倍做多海力士"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260706:nL1N438088:3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2649647765","content_text":"SEOUL, July 6 (Reuters) - South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries.\"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.\"Lee noted that the Yongin industrial complex took six years to progress from site approval to groundbreaking despite being considered relatively fast, and called for environmental reviews and other approval processes to be streamlined where possible.He said procedures typically handled sequentially should run in parallel and urged officials to secure power and water infrastructure in advance, highlighting electricity supply as a key issue for chip projects.Lee said companies had raised concerns about baseload power supply even though there has been an expansion in renewable energy, and ordered officials to address those concerns in advance.South Korea last week unveiled more than $576 billion in investment including in chip and AI industries aimed at securing global dominance and encouraging growth beyond the Seoul metropolitan area.Samsung Electronics 005930.KS and SK Hynix 000660.KS will each invest 400 trillion won ($260 billion) to build new chip manufacturing sites each in the southwest of the country, while another 81 trillion won is expected to be invested in a chip-packaging cluster in the Chungcheong region.The chip cluster in South Korea's southwest region will be developed at the site of a military airport in Gwangju, and discussions include both Samsung and SK Hynix being at the site, South Korea's presidential chief of staff Kang Hoon-sik said on Monday.Samsung declined to comment. SK Hynix was not immediately available for comment.","news_type":1,"symbols_score_info":{"SKHY":2,"SSNLF":2,"07709":2,"07747":2}},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}