[Deep Dive] 3·4·5 Vision: Government's H2 Economic Growth Strategy and Market Impact

3·4·5 Vision: The Core of the 2026 H2 Economic Growth Strategy

On July 14, 2026, the government finalized and announced the '2026 Second Half Economic Growth Strategy' at the 30th Cabinet meeting, officially unveiling the 3·4·5 Vision for medium- to long-term economic advancement. This vision reflects the policy commitment to ensuring that recent export booms, such as the semiconductor supercycle, translate into fundamental improvements in the national economic structure rather than remaining temporary phenomena.

The specific objectives of the 3·4·5 Vision are as follows:

• Achieving a 3% potential growth rate: Securing long-term growth foundations through structural reform and high-tech industry investments.
• Entering the top 4 global exporters: Establishing the K-supply chain and maintaining a widening gap in major export industries.
• Opening the era of $50,000 national income: Increasing income through the creation of quality jobs and resolving polarization.

Upward Revision of Economic Growth Forecast and 3 Mega Projects

The most notable metric in this strategy announcement is the upward revision of the real economic growth forecast for 2026. The government significantly raised this year's growth forecast from the previous 2.0% to 3.0%. This figure reflects the increase in exports driven by the semiconductor boom in the first half of the year and the effects of policy support. However, considering the delayed recovery of some domestic industries such as construction, the forecast for the increase in the number of employed persons was slightly downgraded from 160,000 to 150,000.

Fostering 'global super-gap growth engines' was proposed as a concrete action plan to boost the potential growth rate. In particular, the government plans to concentrate national capabilities on three mega projects: semiconductors, AI data centers, and physical AI. Furthermore, utilizing the additional tax revenue generated by the semiconductor boom, the government intends to establish a 'Future Response Fund' and allocate financial resources to youth and next-generation industries to secure sustainable growth engines.

Impact on the Domestic Stock Market and Investment Landscape

The announcement of the 3·4·5 Vision provides clear direction for the domestic stock market. Expectations for policy benefits are growing, especially for companies related to semiconductors and AI infrastructure. With the forecast of a full-cycle data economy activation policy through the enactment of the 'National Data Basic Law' during the second half of the year, there is a high probability that the medium- to long-term corporate value of companies related to cloud and data centers will be re-evaluated.

In conclusion, the 3·4·5 Vision goes beyond simple numerical targets; it will act as a catalyst for gathering national finances and private capital into high-tech fields. Investors need to review their portfolios focusing on the value chains related to the three mega projects and companies benefiting from structural innovation as government financial injections begin in earnest.