South Korean government establishes a 5 trillion won semiconductor fund and provides 5 trillion won in trade financing, accelerating the 576 trillion won "super project."
The South Korean government announced the establishment of a 5 trillion won semiconductor-specific fund, focusing investments on chip materials, components, equipment companies, and fabless design companies. In addition, the government will provide an extra 5 trillion won in trade financing to support suppliers and invest 1 trillion won over ten years to promote cooperation between large enterprises and small and medium-sized suppliers. These measures aim to accelerate the semiconductor "super project," valued at over 576 trillion won, and the government plans to push for the National Assembly to pass the "Super Special Zone Act" within the year to simplify processes and expedite infrastructure construction.
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