South Korean President Lee Jae Myung is hosting an AI summit in San Francisco on July 25, bringing together CEOs from Nvidia, OpenAI, Anthropic, and Broadcom alongside executives from Samsung, SK Group, Hyundai, and Naver to establish a global AI cooperation framework. The Lee administration announced three national megaprojects on June 29 focused on semiconductors, hyperscale AI data centers, and physical AI (robotics, autonomous vehicles, industrial automation). The strategy notably excludes any blockchain or crypto initiatives, despite South Korea being one of the world’s most active retail markets for digital assets. This repositioning signals that AI and semiconductors have become the top priorities for South Korea’s economic policy, with direct engagement with Silicon Valley VCs suggesting the country wants to attract startup ecosystem capital beyond corporate partnerships.
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