Lee Jae-myung: Semiconductors, displays, secondary batteries, and biomedicine are the four cutting-edge industries that will determine South Korea's future development in the AI era.
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South Korean President Lee Jae-myung: Launch a "speed war" in three major projects: semiconductors, physical AI, and AI data centers.
According to Mars Finance, South Korean President Lee Jae-myung, speaking at a joint meeting of the public and private sectors on the "three super projects"—semiconductors, physical artificial intelligence (AI), and AI data centers—held at the Blue House on the 6th, stated that the key to these three projects lies in winning the "speed battle." Lee emphasized that competition in cutting-edge industries is crucial to the fate of all nations, and the ultimate winner will be who acts faster. He stated that the government should eliminate any obstacles that companies may encounter during investment and project construction in advance, and must not allow delays in administrative approval procedures to affect investment and project implementation. Lee stated that the Blue House will establish special working groups for the three projects as soon as possible, and the government will provide maximum support. Currently, the semiconductor industry is generating a large amount of unexpected tax revenue, and the government will fully utilize relevant financial resources to provide guarantees for project construction in all aspects, including financial support. (Cailian Press)
South Korea plans to invest 5 trillion won in excess tax revenue from semiconductors to develop "sovereign AI" and purchase 10,000 GPUs to support a single team.
According to Beating's monitoring, the Korea Economic Daily revealed that South Korea's Ministry of Science and ICT is in discussions with the Presidential Office and the Ministry of Finance, planning to utilize approximately 5 trillion won in excess tax revenue from the semiconductor industry to purchase about 10,000 of NVIDIA's most advanced Vera Rubin superchip GPU modules this year. This investment will be used to support elite teams developing world-class "sovereign AI" models. This decision stems directly from the sense of crisis caused by US export controls on cutting-edge AI models—Anthropic's Fable 5 and OpenAI's GPT-5.6 have been restricted from external access, forcing South Korean companies to urgently modify systems built on these models. The concept of "national strategic assetization" of AI models has thus become a reality. Currently, although four teams in South Korea—LG AI Research Institute, SK Telecom, Upstage, and Motif Technologies—are advancing independent basic model projects, each team only receives support from 700 to 800 GPUs. This dispersed investment makes it difficult to compete with globally leading models that utilize tens of thousands of GPUs. The government has therefore decided to shift to a "selection and concentration" strategy, allocating 10,000 GPUs to the best teams at once, and plans to include special funds in the supplementary budget for attracting top overseas AI talent. South Korean President Lee Jae-myung publicly stated last month that the GPU procurement pace was too slow and demanded that related funds be ensured when compiling the supplementary budget. The current global competitive window is extremely short, with companies like Anthropic and OpenAI iterating new models weekly. France, with its single-focus strategy, has surpassed Meta to become the seventh largest AI provider globally, thanks to Mistral AI. If South Korea cannot catch up in the short term, it risks becoming an "AI vassal state." The South Korean semiconductor academic community has given this positive feedback, believing that investing the funds gained from hardware prosperity into building software competitiveness is essentially an investment in the country's future. --------------------------------- Click the original link below to join the Beating · Lark AI news channel for 24/7 monitoring of global AI hotspots and news.
Tom Lee's Bitmine Adds $74M in Ethereum, Declares a Crypto Bull Market 'Underway'
The purchase lifts Bitmine's stash to nearly 5.99 million ETH—4.9% of supply—as chairman Tom Lee argues Ethereum's outperformance signals a stronger move ahead and institutions remain underweight.
Tom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June
The purchase lifts Bitmine's stash to 5.9 million ETH—4.9% of supply—as chairman Tom Lee points to crypto's strong third quarter.
Tom Lee’s Bitmine Buys Another $19 Million in Ethereum as Stash Nears 5% of Total Supply
The firm says it's 96% of the way to owning 5% of Ethereum's total supply, according to Chairman Tom Lee.
Tom Lee: The rise in the ETH/BTC exchange rate indicates that investors expect improved visibility of crypto use cases.
According to BlockBeats, on July 6, Tom Lee, chairman of BitMine, the largest Ethereum treasury, wrote that although there is still widespread skepticism about ETH in the market, the rise in the ETH/BTC exchange rate shows that investors are expecting improved visibility of cryptocurrency "use cases," which is a good thing for the market.