Updated
Updated · Nikkei Asia · Jul 24
Lee Jae Myung Heads to San Francisco on July 24 to Turn AI Boom Into Jobs
Updated
Updated · Nikkei Asia · Jul 24

Lee Jae Myung Heads to San Francisco on July 24 to Turn AI Boom Into Jobs

3 articles · Updated · Nikkei Asia · Jul 24

Summary

  • Lee Jae Myung travels to San Francisco on Friday with the chairmen of Samsung Electronics and SK Hynix for talks with global tech leaders on AI investment.
  • The trip is aimed at converting the global AI boom into broader gains for South Korea, where rising semiconductor profits have not translated into meaningful job growth.
  • Lee's administration is also planning a permanent fund to share gains from the AI boom more widely, linking chip-sector windfalls to domestic economic benefits.

Insights

Will taxing massive AI chip profits to fund the public solve South Korea's inequality, or drive tech giants away?
Can South Korea successfully court Silicon Valley's AI titans while simultaneously enforcing the world's strictest new AI regulations?