Korea Tech Daily — 2026-06-02
Samsung Electronics broke through the ₩2 trillion ($1.32 trillion) market cap barrier for the first time, cementing its position as Korea's most valuable company. Meanwhile, Jensen Huang's anticipated Korea visit is expected to unlock major AI partnerships across Samsung, SK hynix, and other tech leaders. Korea's government pledged to reinvest semiconductor boom tax revenues into AI and chips development.
Korea Tech Daily — 2026-06-02
Top Story
Samsung Electronics became Korea's first ₩2 trillion company on Monday, surpassing a historic market capitalization milestone that underscores the nation's semiconductor dominance amid the global AI chip boom. The achievement marks 27 consecutive years of market leadership for Samsung in the Korean stock market. Analysts expect Nvidia CEO Jensen Huang's ongoing Korea visit to deepen AI ties across major Korean tech companies, with Samsung and SK hynix positioned as the biggest beneficiaries due to their high-bandwidth memory (HBM) chip production. The visit coincides with record-high valuations for Korean semiconductor makers, reflecting structural demand for AI infrastructure.
Samsung · SK Hynix · LG
Samsung, SK hynix to Be Top Winners of Jensen Huang's Korea Visit Hana Securities analysis identifies Samsung Electronics and SK hynix as the primary beneficiaries of Nvidia CEO Jensen Huang's Korea meetings, citing HBM supply chain bottlenecks as the key opportunity. Both chipmakers control critical supply of memory chips driving the AI infrastructure buildout globally.
Korea Investment Management Launches Covered Call ETF Combining Samsung and SK hynix Korea Investment Management introduced the ACE High-Dividend Plus Covered Call Active ETF, merging Samsung Electronics and SK hynix with 20 other high-dividend stocks to deliver monthly distributions to retail investors seeking passive income from Korea's chip rally.
Nvidia CEO Jensen Huang Expected to Visit Korea This Week for Talks with Industry Leaders Nvidia Chief Executive Jensen Huang is conducting a Korea visit to meet with executives from SK Group, LG Group, Naver, Samsung, and other major South Korean technology and automotive firms, signaling accelerated AI collaboration between the U.S. chip giant and Korea's tech ecosystem.
Naver · Kakao · LINE
No fresh announcements from Naver, Kakao, or LINE in the past 24 hours. Most recent AI initiatives from these companies—including Naver's AI shopping agent and Kakao's ChatGPT integration plans—were announced earlier this year.
Startups & Investment
Korea Expands Foreign Founder Support Beyond Capital Region South Korea's Ministry of SMEs and Startups is expanding Global Startup Centers beyond Seoul to attract international entrepreneurs, as the nation's startup visa population reached a record 594 holders by April—exceeding the prior year's 538. The initiative aims to boost foreign investment and talent inflows into the Korean startup ecosystem beyond the Seoul metropolitan area.
Korea's Top Economic Officials Pledge to Reinvest Excess Tax Revenue in AI and Chips Finance Minister Koo Yun-cheol and Senior Presidential Secretary Park Hong-keun announced plans to reinvest excess tax revenue generated by the semiconductor boom into AI infrastructure, chip R&D, and youth entrepreneurship programs, signaling government commitment to sustaining Korea's tech leadership through policy-driven investment.
Policy & Industry
Government Pushes AI as Growth Engine—Implementation Phase Begins During his first year in office, President Lee Jae Myung pursued aggressive AI policy initiatives to elevate Korea into a top global AI powerhouse. Recent government statements and cabinet appointments indicate the policy framework is now entering the execution phase, with specific focus on infrastructure buildout, workforce development, and international R&D partnerships to translate AI commitments into tangible commercial outcomes.
What to Watch
- Jensen Huang's detailed announcements: Watch for official statements from Nvidia regarding specific partnerships, manufacturing commitments, or technology roadmaps disclosed during the CEO's Korea meetings this week.
- Samsung HBM4E production ramp: Monitor supply chain updates on Samsung's 12-layer HBM4E shipments and competitive positioning against SK hynix in the AI memory market.
- Government AI reinvestment details: Expect the Ministry of Finance to release specifics on budget allocation and timeline for deploying excess semiconductor tax revenues into AI R&D and startups by end of June.
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