Korea vows to ease regulations to support 3 megaprojects

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Aug. 17, 2026 –

The government plans regulatory changes to unlock 4.2 trillion won ($2.96 billion) in investment for semiconductor, physical AI and data center projects.

The government vowed to ease a set of regulations, including administrative procedures, to support the country's three megaprojects centered on semiconductors and AI facilities, the Ministry of Economy and Finance said Thursday.

Finance Minister Koo Yun-cheol unveiled the plan during a meeting with economy-related ministers, with the government expecting the measures to generate a total of 4.2 trillion won ($2.96 billion) in investment.

"The government came up with measures to promptly address investment-related challenges on the ground, focusing on projects that are ready to proceed but have been held up by regulatory hurdles," the Finance Ministry said.

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