South Korea plans a big economic program. The country spends over 569 billion Euro. The money goes to computer chips and artificial intelligence. President Lee Jae Myung announced this on Monday.
Big companies like Samsung and SK Hynix help. They build new factories for chips in the south-west. These places are called Gwangju and South-Jeolla. Big data centers will also grow there.
The economy is often strong only in the capital Seoul. The president wants a change. He wants more jobs in the country-side. He wants to reduce differences between regions.
Some experts criticize the plan. They do not know about enough skilled workers. Roads and cables might be missing. Critics believe the president wants more popularity.
