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OpenAI CEO Visits South Korea as Country Seeks to Encourage AI Development 

OpenAI's CEO Sam Altman gestures while speaking at University College London as part of his world tour of speaking engagements in London, on May 24, 2023. (AP)
OpenAI's CEO Sam Altman gestures while speaking at University College London as part of his world tour of speaking engagements in London, on May 24, 2023. (AP)
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OpenAI CEO Visits South Korea as Country Seeks to Encourage AI Development 

OpenAI's CEO Sam Altman gestures while speaking at University College London as part of his world tour of speaking engagements in London, on May 24, 2023. (AP)
OpenAI's CEO Sam Altman gestures while speaking at University College London as part of his world tour of speaking engagements in London, on May 24, 2023. (AP)

Open AI Chief Executive Sam Altman is set to meet with South Korean President Yoon Suk Yeol, as the country seeks to encourage domestic competitiveness in artificial intelligence.

After crisscrossing Europe last month meeting lawmakers and national leaders to discuss the prospects and threats of AI, Altman has travelled to Israel, Jordan, Qatar, United Arab Emirates, India and South Korea - all this week.

"People are focused on not stifling innovation, and that any regulatory framework has got to make sure that the benefits of this technology come to the world," Altman said as he met with about 100 South Korean startups on Friday.

The rapid development and popularity of generative AI since Microsoft Corp-backed OpenAI launched ChatGPT last year is spurring lawmakers globally to formulate laws to address safety concerns linked to the technology.

The European Union is moving ahead with its draft AI Act, which is expected to become law this year, while the United States is leaning toward adapting existing laws for AI rather than creating new legislation.

South Korea has new AI regulations awaiting full parliament approval; those rules are seen as less restrictive than the EU's.

In February, a parliament committee passed an AI law draft that guarantees freedom to release AI products and services, and will only restrict them if regulators deem any product to be harming the lives, safety, and rights of people.

South Korea's Ministry of Science and ICT announced in April plans focused on fostering local AI development, such as measures to provide training datasets for sophisticated "hyperscale" AI, while continuing discussions on AI ethics and regulations.

South Korea is one of few countries that has developed its own foundation models for artificial intelligence in a field dominated by the United States and China, thanks to local tech firms such as Naver, Kakao, and LG .

The companies are seeking ways to tap niche or specialized markets that have not yet been addressed by big tech in the United States or China.

"In order for Korean companies to have strength in the global AI ecosystem, each company must first secure specialized technology for vertical AI," or AI designed and optimized for specific uses, said LG AI Research chief Kyunghoon Bae.

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US May Target Samsung, Hynix, TSMC Operations in China

A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
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US May Target Samsung, Hynix, TSMC Operations in China

A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)

The US Department of Commerce is considering revoking authorizations granted in recent years to global chipmakers Samsung, SK Hynix and TSMC, making it more difficult for them to receive US goods and technology at their plants in China, according to people familiar with the matter.

The chances of the United States withdrawing the authorizations are unclear. But with such a move, it would be harder for foreign chipmakers to operate in China, where they produce semiconductors used in a wide range of industries, Reuters said.

A White House official said the United States was "just laying the groundwork" in case the truce reached between the two countries fell apart. But the official expressed confidence that the trade agreement would go forward and that rare earths would flow from China, as agreed.

"There is currently no intention of deploying this tactic," the official said. "It's another tool we want in our toolbox in case either this agreement falls through or any other catalyst throws a wrench in bilateral relations."

Shares of US chip equipment makers that supply plants in China fell when the Wall Street Journal first reported the news earlier on Friday. KLA Corp dropped 2.4%, Lam Research fell 1.9% and Applied Materials sank 2%. Shares of Micron, a major competitor to Samsung and SK Hynix in the memory chip sector, rose 1.5%.

A TSMC spokesman declined comment. Samsung and Hynix did not immediately respond to requests for comment. Lam Research, KLA and Applied Materials did not immediately respond, either.

In October 2022, after the United States placed sweeping restrictions on US chipmaking equipment to China, it gave foreign manufacturers like Samsung and Hynix letters authorizing them to receive goods.

In 2023 and 2024, the companies received what is known as Validated End User status in order to continue the trade.

A company with VEU status is able to receive designated goods from a US company without the supplier obtaining multiple export licenses to ship to them. VEU status enables entities to receive US-controlled products and technologies "more easily, quickly and reliably," as the Commerce Department website puts it.

The VEU authorizations come with conditions, a person familiar with the matter said, including prohibitions on certain equipment and reporting requirements.

“Chipmakers will still be able to operate in China," a Commerce Department spokesperson said in a statement when asked about the possible revocations. "The new enforcement mechanisms on chips mirror licensing requirements that apply to other semiconductor companies that export to China and ensure the United States has an equal and reciprocal process.”

Industry sources said that if it became more difficult for US semiconductor equipment companies to ship to foreign multinationals, it would only help domestic Chinese competitors.

"It’s a gift," one said.