South Korea unveils $576 billion chip and AI mega-projects under President Lee Jae Myung, targeting new production hubs to secure global industry leadership.

Samsung and SK Hynix lead South Korean firms pledging 1,350 trillion won ($880B) for chips and data centers to sustain AI edge

South Korean firms including Samsung and SK Hynix will spend at least 1,350 trillion won ($880 billion) on chips and data centers as the country seeks to maintain its edge in the AI era.

South Korea aims to double semiconductor production capacity in Seoul region over next five years

South Korea aims to expand semiconductor production capacity in the Seoul region twofold over the next five years.

South Korea to invest 5-20 trillion won in new southwest region projects, President Lee says

South Korea will invest between 5 trillion and 20 trillion won in new projects in the southwest region, President Lee said.

China debuts overnight reverse repos at 1.25%, sources say, adding a new short-term liquidity tool to the banking system

China has introduced overnight reverse repos at a rate of 1.25%, according to sources.