According to the presidential office’s press briefing, President Lee Jae Myung has called for reviews to ease strict regulations on cross-ownership between financial and industrial firms to support large-scale investments, particularly after meeting with OpenAI CEO Sam Altman regarding the need for “astronomical” investment by companies like Samsung Electronics and SK hynix for new semiconductor plants to meet soaring AI demand. President Lee’s directive to explore these regulatory adjustments was caveated with a strong emphasis on maintaining safeguards to prevent monopolistic abuses and keeping the easing confined to strategic sectors. Furthermore, President Lee highlighted an envisioned 150 trillion won (US$110 billion) public-private fund launching in December 2025 as a potential source for joint investment in these major projects.
Click here for the official article/release
Disclaimer
The Legal Wire takes all necessary precautions to ensure that the materials, information, and documents on its website, including but not limited to articles, newsletters, reports, and blogs (“Materials”), are accurate and complete. Nevertheless, these Materials are intended solely for general informational purposes and do not constitute legal advice. They may not necessarily reflect the current laws or regulations. The Materials should not be interpreted as legal advice on any specific matter. Furthermore, the content and interpretation of the Materials and the laws discussed within are subject to change.
