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

Author: 김성서 기자 | Source: 아주경제 | Read the full article in Korean

The South Korean government is significantly increasing its investment in the semiconductor industry, raising the total to 33 trillion won, which is 7 trillion won more than previously planned. This decision comes as a response to growing uncertainties in the global semiconductor market, particularly due to potential tariffs from the United States. The government aims to enhance its competitiveness in this crucial sector by providing additional financial support for infrastructure and technology development.

To facilitate this investment, the government will allocate funds for various initiatives, including the construction of a mega-cluster for semiconductor production and support for small and medium-sized enterprises in the industry. The plan also includes measures to improve the supply chain for essential materials and components, ensuring that domestic companies can thrive amid international competition.

Furthermore, the government is focusing on nurturing talent in the semiconductor field by introducing new training programs and research opportunities for students and professionals. This comprehensive approach aims to strengthen South Korea's position in the global semiconductor market and address the challenges posed by foreign competitors.

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