{
  "id": 9482675,
  "title": "S. Korean president pledges to double chip production in 5 years",
  "url": "https://urgent.news/2026/09/24/s-korean-president-pledges-to-double-chip-production-in-5-years",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-24T03:30:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/24/s-korean-president-pledges-to-double-chip-production-in-5-years"
  },
  "original_language": "en",
  "account": "South Korean President Lee Jae Myung pledged on Wednesday to double his nation's semiconductor production capacity over the next five years and establish AI supply chains resilient against external disruptions. The announcement came at the Korea Investment Summit in New York, where Lee addressed financial and corporate leaders from both South Korea and the United States, urging increased US investments in South Korea.\n\nAt the summit, Lee highlighted three megaprojects launched earlier this year to build a chip production cluster and other AI facilities. He emphasized that the country intends to expand its chip production hub to reach double its current semiconductor production capabilities within five years.\n\nAdditionally, Lee announced the creation of a new \"Future Fund\" to nurture related industrial infrastructure and talent. This investment will ensure stable support for future industries, leveraging the results from the ongoing AI chip boom. The president also stressed the importance of creating favorable market conditions for global capital investment and carrying out market reforms to attract foreign investment.\n\nKey reforms include legal revisions to enhance shareholder value and expand the foreign exchange market to operate around the clock, providing more flexibility for global investors. Lee emphasized his commitment to continually reforming capital and foreign currency markets to benefit global investors.",
  "summary": "Lee Jae Myung also pledged to secure artificial intelligence supply chains from external shocks, calling for fresh US investments in the country.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "S. Korean president pledges to double chip production in 5 years",
        "url": "https://urgent.news/2026/09/24/s-korean-president-pledges-to-double-chip-production-in-5-years-9485018",
        "published": "2026-09-24T03:30:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}