SEOUL – South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion support plan for the country's crucial semiconductor industry.South Korea is home to the world's top memory chipmakers Samsung Electronics and SK hynix, and last year pledged to build the world's largest chip center using $456 billion of private investment as it seeks an edge in the global industry.
'I believe that these difficulties will be largely resolved through the Korea Development Bank's support program,' he added.Key sectorThe plan will also create a 'semiconductor ecosystem fund' worth a trillion won, which will support fabless companies, and small and medium enterprises linked to the industry.
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