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Korea unveiled an ambitious plan wednesday to invest 700 trillion won ($534 billion) to bolster its semiconductor sector and gain an edge in the global chip race shaped by artificial intelligence. From tech giants to startups, south korean players are developing large language models tailored to their own language and culture, ready to compete with global heavyweights like openai and. While the us spawns multiple generations of chatgpt and rivals including perplexityai, anthropic’s claude and google’s gemini, south korea’s strategy is to use ai to improve the productivity and competitiveness of the industries that drive its economy.

President lee jae myung announced a $476 billion investment to enhance korea's ai chip industry, aiming for balanced growth and easing regulations to boost semiconductor production amid global competition. South korea has tasked some of its biggest companies and promising startups to build a national foundational ai model using mainly domestic technology, in a rare move to keep the country.

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