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Lee Sets Second-Year Agenda to Make South Korea 'Irreplaceable'

Lee framed the package as a push to invest semiconductor windfalls for long-term growth, pursue tougher market rules, reinforce defense.

Overview

  • President Lee held a first‑anniversary press conference and outlined four second‑year goals to turn South Korea into a supergap industrial power, a global diplomatic and security actor, a normalized society, and a government that protects citizens.
  • He said the government will soon unveil a large‑scale investment project intended to reshape the country’s growth strategy and diversify the economy beyond semiconductors.
  • Lee argued excess tax revenue from the semiconductor boom should be used for long‑term public investments to raise national growth potential rather than for immediate redistribution.
  • He warned that mandating firms to distribute a fixed share of operating profits could deter domestic and foreign investment and urged caution on any compulsory profit‑sharing rules.
  • Lee pledged concrete security and diplomatic moves including revising the Korea‑U.S. nuclear cooperation framework, pursuing nuclear‑powered submarines, accelerating return of wartime operational control, and tougher enforcement against market abuses.