South Korea’s Lee urges speed in launching mega chip projects

South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.

He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country’s bid to dominate advanced ‌industries.

“In this ⁠situation, it ⁠appears the outcome will be decided by who moves faster and who ​secures the lead first,” Lee told a government meeting. “Only speed matters.”