South Korea Pitches Chip Expansion, Market Reforms at New York Summit
South Korean President Lee Jae Myung announced plans to double semiconductor capacity and build AI supply chains, urging fresh US investment at the Korea Investment Summit in New York on Thursday.Lee highlighted three tech megaprojects and the 7 SEED initiative targeting next-generation sectors like small modular reactors, nuclear fusion and renewables.The president outlined key market reforms, including Commercial Act amendments on shareholder duty of loyalty, treasury share cancellations, and 24-hour forex trading.The summit drew leaders including BlackRock's Larry Fink, Citigroup's Jane Fraser, and PIMCO's Emmanuel Roman, alongside executives from Samsung Biologics (KRX:207940), SK (KRX:034730), Hyundai Motor (KRX:005380), LG CNS (KRX:064400), Hanwha Ocean (KRX:042660), Doosan Energy (KRX:034020) and APR (KRX:278470).
