Expanding semiconductor investment to 33 trillion… Establishing national funding support for undergroundization and increasing government support for special purpose complexes | Aju Economy [Korean]

Author: Kim Seong-seo | Source: Ajunews | Read the full article in Korean

The South Korean government is taking significant steps to boost its semiconductor industry, recognizing the critical importance of this technology in the global market. Facing increasing uncertainty with potential changes in U.S. trade policies and growing competition from China, the government has decided to dramatically increase its financial investment in the semiconductor sector.

The plan involves expanding semiconductor-related investments from 26 trillion won to 33 trillion won, with a focus on supporting infrastructure, research and development, and talent acquisition. This includes providing financial support for infrastructure projects, offering investment subsidies to small and medium-sized enterprises in strategic industries, and creating programs to attract and develop top-tier semiconductor talent.

To address potential challenges, the government is implementing several strategic initiatives. These include increasing funding for semiconductor supply chains, supporting the development of next-generation semiconductor technologies, establishing shared research facilities, and creating specialized training programs for young researchers. The goal is to strengthen South Korea's position in the global semiconductor market and ensure the country remains competitive in this crucial technological field.

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