Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › South Korea to Unveil Spending Plan to Cement Status as...
Technology

South Korea to Unveil Spending Plan to Cement Status as Tech Powerhouse

South Korea to Unveil Spending Plan to Cement Status as Tech Powerhouse
Bloomberg Technology Monday 29 June 2026, 04:40 UTC 1 min read
Key Points

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000
South Korea (LOCATION) Unveil Spending Plan (ORG) Cement Status as (ORG) Tech Powerhouse (ORG) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

China's Robots Try World Cup-Style Penalty Kicks

Jun 29th, 2026 China's Robots Try World Cup-Style Penalty Kicks Chinese humanoid robots are stealing the spotlight at Mobile World Congress in Shanghai — but can they keep up with the World Cup spirit? From penalty kicks to piano playing, Bloomberg's Stephen Engle puts them to the test.

Bloomberg Technology 13m ago

South Korea unveils US$650 billion megaprojects to dominate global AI, chip market

South Korea rolled out sweeping chip and AI megaprojects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry leadership with investments spanning hundreds of billions of dollars over several years. The announcement marks ⁠Lee’s boldest push yet to align South Korea’s AI and chip ambitions with ‌his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area. Lee was joined by the leaders of ‌Samsung Electronics and SK Hynix, the...

South China Morning Post 15m ago

Amazon’s Rapid Delivery Push Triggers $15 Billion Rout for Eternal, Swiggy

Amazon’s Rapid Delivery Push Triggers $15 Billion Rout for Eternal, Swiggy Eternal Ltd. and Swiggy Ltd. got the 10-minute delivery party going in India. Now, e-commerce titans Amazon.com Inc. and Walmart Inc.’s Flipkart are looking to crash it. Eternal, whose Blinkit does doorstep delivery of everything from eggs to electronics within minutes, has slipped 28% from its October all-time high as of Thursday’s close, while rival Instamart’s owner Swiggy has plunged about 47% from its recent peak...

Bloomberg Technology 23m ago

South Korea Unveils Plan to Sustain Lead in AI

Jun 29th, 2026 South Korea Unveils Plan to Sustain Lead in AI South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung Electronics Co. and SK Hynix Inc. initiating large-scale investments in memory chips, data centers and robotics. Samsung and SK Hynix leaders sat next to President Lee Jae Myung at a briefing, and are expected to give more details of their future investment plans. Bloomberg's Cat Barton reports from Seoul.

Bloomberg Technology 33m ago