(ATTN: UPDATES with more remarks in last 3 paras)
SEOUL, June 24 (Yonhap) — The presidential policy chief said Wednesday that the advent of a new artificial intelligence (AI) era requires new state infrastructure, calling for aggressive investment to bolster the country’s potential growth trajectory in AI.
Kim Yong-beom, presidential chief of staff for policy, made the point at a discussion hosted by the Kwanhun Club, a senior journalists’ association, amid a stock market boom in South Korea driven by record profits and stock gains by AI-related chipmakers.
“If the ongoing semiconductor and AI supercycle constitutes the beginning of a structural transformation that will raise South Korea’s potential growth trajectory, as well as a reorganization of its industrial structure, our response should be different,” Kim told the meeting.
He said the new AI era requires new state infrastructure to support the drive, adding that the government “needs to lay the growth foundation through preemptive investment that is aggressive enough to transform South Korea’s industrial map.”
The policy chief, in particular, cited the need for massive amounts of electricity and land, as well as a new industrial ecosystem, saying that regional areas could provide a new industrial landscape featuring data centers, future electricity networks and other infrastructure.
Kim Yong-beom, presidential chief of staff for policy, speaks during a discussion hosted by the Kwanhun Club on June 24, 2026, in Seoul. (Yonhap)
He stated that the capital region currently has no more capacity for land, electricity or water, suggesting that the government may seek to build an additional semiconductor cluster in a regional area.
A semiconductor cluster is currently under construction in Yongin, south of Seoul, to serve as a key production hub for advanced semiconductor products of major semiconductor companies, such as Samsung Electronics Co. and SK hynix Inc.
“Discussions (on the construction of an additional cluster) are nearing the final stage,” Kim said. “If they are finalized, (the government) would prepare an occasion to explain it … to the public.”
Kim argued the new AI era also requires social discussions on how to utilize excess tax revenues, as well as policies addressing social and labor issues. “We have to look into how the fruits of growth in the AI era are shared,” he said.
“AI could enrich a country, but there is no guarantee that all people could equally enjoy the benefits,” added Kim.
This year, South Korea’s economy is expected to register a real growth rate of 3 percent from the previous year, while the nominal growth rate may reach the 10-percent range, the policy chief said.
He also cited the country’s annual per capita national income reaching US$40,000, record-high corporate profits and stock market rallies as positive signs for the economy.
The official, however, voiced concerns over the continued downward trend of the Korean won against the U.S. dollar, as well as instability in the real estate market, describing them as “new tasks” to be addressed.
This file photo taken Jan. 20, 2026, shows a new semiconductor cluster under construction in Yongin, south of Seoul. (Yonhap)
Kim described a recent bonus deal reached between the management of Samsung Electronics Co. and its biggest labor over corporate profits as the world’s first such case, suggesting a need to institutionalize corporate-labor negotiations over bonuses.
In May, the labor union at Samsung Electronics reached a wage agreement allowing a substantial bonus package for chip employees, following months of threatening a general strike amid booming earnings from the AI-related semiconductor business.
“A rule should be established through discussions,” Kim said, adding that although the government is referencing France’s relevant profit-sharing rules, there are few similar cases around the world regarding corporate-labor negotiations over bonuses.
pbr@yna.co.kr
(END)
