{"slug": "korea-denies-plan-for-chip-profit-think-tank", "title": "Korea denies plan for chip-profit think tank", "summary": "South Korea's Ministry of Trade, Industry and Resources denied rumors that it urged Samsung Electronics and SK Hynix to form a government-led think tank for channeling chipmaker profits, calling the reports 'completely false.' The denial follows President Lee Jae Myung's $576B+ chip and AI investment plan and his remarks about distributing chipmakers' excess profits to the public, which the presidential office said were not directed at specific companies.", "body_md": "Korea's Ministry of Trade, Industry and Resources formally denied online rumors that Seoul sent letters to Samsung Electronics and SK Hynix urging them to form a government-led think tank for channeling chipmaker profits. The denial is notable context for AI hardware supply chain watchers: it came two days after President Lee Jae Myung unveiled a sweeping $576B+ chip and AI investment plan, and follows Lee's Economist interview remarks suggesting a basic income grant to distribute chipmakers' 'excess profits to the general public.' The ministry called the rumors 'completely false' and said it would refer the matter to investigators. The presidential office clarified Lee's remarks were not directed at specific companies but reflected a broader societal challenge Korea faces amid the AI transition.", "url": "https://wpnews.pro/news/korea-denies-plan-for-chip-profit-think-tank", "canonical_source": "https://letsdatascience.com/news/korea-denies-plan-for-chip-profit-think-tank-054c81dd", "published_at": "2026-07-01 01:37:03+00:00", "updated_at": "2026-07-01 02:22:53.580547+00:00", "lang": "en", "topics": ["ai-chips", "ai-policy", "ai-infrastructure"], "entities": ["Samsung Electronics", "SK Hynix", "Ministry of Trade, Industry and Resources", "Lee Jae Myung"], "alternates": {"html": "https://wpnews.pro/news/korea-denies-plan-for-chip-profit-think-tank", "markdown": "https://wpnews.pro/news/korea-denies-plan-for-chip-profit-think-tank.md", "text": "https://wpnews.pro/news/korea-denies-plan-for-chip-profit-think-tank.txt", "jsonld": "https://wpnews.pro/news/korea-denies-plan-for-chip-profit-think-tank.jsonld"}}