The comprehensive plan was unveiled during an interagency meeting on economic issues involving relevant ministries and financial regulators.
According to the Yonhap New Agency report, the package includes financial programs, research and development (R&D initiatives and infrastructure support for chip manufacturers, materia suppliers and fabless companies specializing in chip design).
At the heart of this aid package is the creation of a 17 trillion won financial support program dedicated to infrastructure investment in the state—RU Korea Development Bank.
A 1 trillion-won chip industry fund will be created to assist fabless and chi material companies and build R&D infrastructure for small and medium-sized enterprises (SMEs).
Yoon said the aid package is designed to benefit the entire semiconductor supply chain with a special focus on SMEs.
"If companies expand investment and earn more profits through tax support, the public will benefit from more quality jobs, thereby revitalizing the economy and increasing tax revenues," Yun said during the meeting held at the Presidential Office. will increase."
To strengthen the country's position in the semiconductor industry, Yun Als called on relevant ministries to come up with measures to support system semiconductor and foundry businesses to help them close the gap with global leaders.
While Samsung Electronics and SK Hynix lead the world in memory chip production, their market share in the foundry business, where companies build chips designed by others, is trailed by Taiwan's TSMC, the world's largest contract chip maker.
According to the Yonhap New Agency report, the package includes financial programs, research and development (R&D initiatives and infrastructure support for chip manufacturers, materia suppliers and fabless companies specializing in chip design).
At the heart of this aid package is the creation of a 17 trillion won financial support program dedicated to infrastructure investment in the state—RU Korea Development Bank.
A 1 trillion-won chip industry fund will be created to assist fabless and chi material companies and build R&D infrastructure for small and medium-sized enterprises (SMEs).
Yoon said the aid package is designed to benefit the entire semiconductor supply chain with a special focus on SMEs.
"If companies expand investment and earn more profits through tax support, the public will benefit from more quality jobs, thereby revitalizing the economy and increasing tax revenues," Yun said during the meeting held at the Presidential Office. will increase."
To strengthen the country's position in the semiconductor industry, Yun Als called on relevant ministries to come up with measures to support system semiconductor and foundry businesses to help them close the gap with global leaders.
While Samsung Electronics and SK Hynix lead the world in memory chip production, their market share in the foundry business, where companies build chips designed by others, is trailed by Taiwan's TSMC, the world's largest contract chip maker.
