BlockBeats News, June 29th: Today, the South Korean government announced its latest industrial plan. President Lee Jae-myung stated that South Korea must accelerate the construction of chip production facilities as the existing industrial parks are nearing their capacity limits in terms of water resources and infrastructure. The focus in the future will be to expand semiconductor supply capacity through investment in the southwest region.

According to the plan, South Korea is expected to build four chip manufacturing plants in the southwest region, with a total investment of approximately 800 trillion Korean won. Over the next 15 years, South Korea plans to invest at least 300 trillion Korean won in the semiconductor field, including next-generation memory, edge artificial intelligence, and national defense.

In addition, the Chungcheong region's chip packaging cluster is expected to receive an investment of 81 trillion Korean won, while the AI data center construction is estimated to require about 550 trillion Korean won. The investment scale of new industrial projects in the southwest region is expected to range from 50 trillion to 200 trillion Korean won, with Gwangju and Jeolla region's overall project investment reaching up to 520 trillion Korean won.

The South Korean government also stated that the goal is to double DRAM capacity in the next five years and increase South Korea's share in the global market for humanoid robots. Officials estimate that the global memory chip market will grow approximately four times in the next five years.

Impacted by the news, the South Korean Composite Stock Price Index (KOSPI) reversed its decline to rise in the afternoon, after falling more than 3% earlier in the trading session.