South Korea prepares support package worth over $7 billion for chip industry

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South Korea News

Semiconductor Industry,Finance Minister Choi,Finance Minister

South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister...

SEOUL - South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won , the finance minister said on Sunday, after setting its sights on winning a "war" in the semiconductor industry.

South Korea is also building a mega chip cluster in Yongin, south of its capital, Seoul, which it touts as the world's largest such high-tech complex.President Yoon Suk Yeol has vowed to pour all possible resources into winning the "war" in chips, promising tax benefits for investments.Controversy follows Gov. Kristi Noem as she is banned by two more South Dakota tribes

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