President Lee to meet Samsung chief to discuss AI, regional development

South Korean President Lee Jae-myung is set to engage in discussions with Samsung Electronics Chairman Lee Jae-yong on June 25, following his recent meeting with SK Group Chairman Chey Tae-won. The presidential office announced that the meeting, to be held at Cheong Wa Dae, will cover the future direction and strategies for the artificial intelligence and semiconductor industries, alongside plans for significant regional investments.

This series of meetings with top business leaders appears to be a prelude to a larger summit scheduled for June 29. At this upcoming gathering, President Lee plans to unveil major investment projects aimed at achieving a "great transformation in growth strategy." He previously stated during his first-year press conference that the benefits of growth should not be confined to specific companies or regions, signaling a push for more balanced national development.

Both SK Group and Samsung Electronics are reportedly considering substantial investments. SK Group is exploring options for building additional large-scale AI data centers and establishing new semiconductor plants. Samsung Electronics, meanwhile, is reportedly considering Gwangju as a potential site for new semiconductor facility investments.

The president's focus on AI and regional development underscores his administration's commitment to fostering innovation and ensuring equitable growth across the nation. The upcoming meetings are expected to lay the groundwork for future collaborations and policy initiatives designed to bolster South Korea's technological competitiveness and address regional economic disparities.

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The fruits of growth should not remain confined to specific companies or regions. We will soon unveil large-scale investment projects to the public that will achieve a 'great transformation in growth strategy.'