South Korea is aiming to become one of the world's top three AI powerhouses by 2027, following closely behind the U.S. and China, according to the nation's 'digital strategy.'
"South Korea seeks to emerge as a prominent player in rapidly growing and promising areas such as AI semiconductors," Jong-ho Lee, South Korea's minister for science and information and communications technology, told CNBC.
South Korea dominates the memory chip market, with domestic firms Samsung Electronics and SK hynix holding close to 70% of the overall market share.South Korea's dominance in the memory chip market and a robust artificial intelligence ecosystem gives it an advantage in the global AI chip race, said industry observers.
South Korea is aiming to become one of the world's top three AI powerhouses by 2027, following closely behind the U.S. and China, according to the nation's "The country's minister for science and information and communications technology, Jong-ho Lee, told CNBC the country "aims to maintain its leading position in the memory semiconductor field."
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