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Live Updates  >  Live Update Details

2026-07-16 10:24:11

[South Korean Minister of Trade, Industry and Energy: AI, Regional Development and Industrial Ecosystem are Key to Economic Breakthrough, Beware of Semiconductor Prosperity Illusion] (1) South Korean Minister of Trade, Industry and Energy Kim Jung-gwan pointed out that artificial intelligence, regional development and industrial ecosystem are the core battlegrounds for South Korea's economy to escape the "zero growth" crisis, and called on business leaders to work together to actively address challenges while expanding into global markets. (2) He said that the era of relying on free trade and exports is fading, and "going it alone" and "survival of the fittest" have become the norm; if we cannot remain highly vigilant, the rankings of enterprises, industries and even the country will face changes. (3) Regarding artificial intelligence, which is listed as the primary battleground, Kim Jung-gwan is cautious about the current semiconductor prosperity, emphasizing the importance of being prepared for the future, and pointing out that most companies outside of semiconductors are in a difficult situation, but the chip industry has created an illusion of overall prosperity for society.

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