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[BUSINESS] · South Korea, United States · 3 sources

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Part of situation: South Korean stock market volatility and regulatory response (3 clusters)

SK Group Chairman Chey Tae-won warns of stock market volatility

Chey Tae-won SK Group stock market volatility AI infrastructure semiconductor industry

SK Group Chairman Chey Tae-won warned during a lecture at Seoul National University that the stock market will continue to experience a “rollercoaster” pattern. He attributed the heightened volatility to excessive global liquidity following the 2008 financial crisis and the COVID-19 pandemic.

Chey noted that recent market fluctuations, including a drop in semiconductor stocks, appear to be a reaction to the U.S. midterm election results. Concerns have risen that Democratic victories in states like Texas and Georgia, which host many data centers, could lead to stricter regulations on AI infrastructure expansion. This sentiment contributed to a decline in Nvidia shares and the Philadelphia Semiconductor Index.

Addressing the scale of the AI race, Chey highlighted that investment requirements have grown exponentially. He referenced SK’s previously announced “three mega projects” involving 2,100 trillion won, noting that current investment scales are ten times larger than what was previously considered massive.

To navigate the shifting global economic order caused by U.S.-China competition, Chey proposed four strategic directions for South Korea: “New Capitalism,” becoming an “AI Native Nation,” expanding economic cooperation with Japan, and implementing incentive systems to promote growth.

Entities

Chey Tae-won · SK Group · SK Hynix · Samsung Electronics · Seoul National University

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Sources

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