Bae Kyung-hoon

Money Moves

Leading the 'physical AI' pillar

South Korea's chip buildout is producing contracts on several fronts. On November 2, Industry Minister Kim Jung-kwan said the three mega projects total 1,600 trillion won, about 60% of GDP in the year work starts, and promised faster permits to bring fab start-ups forward by more than two years. Samsung and SK Hynix have signed long-term memory supply deals with customers, and OpenAI's Sam Altman visited Seoul to talk with SK Group about HBM and data centers.

Updated Nov 2

New Capabilities

Pledged continued government support for private-led launches

South Korea's Nuri rocket placed five NEONSAT microsatellites in orbit on Oct. 7, and all five made contact with ground stations within hours. They sent back their first images about 14 hours after liftoff, the Korea AeroSpace Administration said on Oct. 15.

Updated Oct 24