President ramps up regional growth blueprint, putting AI, chips at center
President Lee Jae Myung will introduce a sweeping growth strategy next week to spur balanced regional development in collaboration with the private sector, according to multiple officials from Cheong Wa Dae and business circles, Tuesday. The strategy will be presented at a public briefing on Monday set to be attended by business leaders from Samsung, SK, Hyundai Motor, LG and other major conglomerates. The plan is expected to serve as the Lee administration's first concrete blueprint for fostering artificial intelligence (AI), semiconductor and other cutting-edge industries beyond the Seoul metropolitan area, under a broader national transformation agenda for Lee's second year in office. The conglomerates are likely to outline domestically focused investment plans tied to their core businesses, including AI, semiconductors, data centers, future mobility, batteries and advanced materials. The government is expected to announce a package of support measures, including tax incentives, regulatory easing and assistance in securing electricity, water supplies and skilled workers for regional