Turbulence-hit Singapore Airlines flight: Three Malaysians in ICU conscious but closely monitored, six others stable and under surveillance, says country’s ambassador to Thailand
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 centre using US$456 billion of private investment as it seeks an edge in the global industry. With the new package, Yoon said there would be a “new semiconductor financial support programme worth 17 trillion won” run through the Korea Development Bank, to allow companies to make crucial new investments.
Earlier this month, Seoul said it would set up an aid package worth more than US$7 billion to support its chip industry, as part of its drive to boost the semiconductor sector, which is critical to the world’s fourth-largest economy. Samsung in May 2022 unveiled a massive 450 trillion won five-year investment blueprint aimed at making the country a frontrunner in key sectors from semiconductors to biologics.