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Visitors look at the SK Hynix Inc. demonstration. 12-layer memory HBM3E at Semiconductor (SEDEX) in Seoul, South Korea, Wednesday, October 23, 2024.
Bloomberg | Bloomberg | Gets the image
South Korea announced a 33 trillion support package ($ 23.25 billion) on Tuesday for a vital semiconductor industry because it has increased uncertainty compared to tariffs in the United States threatens domestic companies.
This happens after as reported Last Friday, they are released from their steep “mutual” tariffs.
In Monday’s social media report, Trump promised to investigate an “whole chain of electronics supplies” on national security.
The US Department of Commerce also published a message stating that it would tell about the investigation “to determine the impact on the national security of semiconductors, production equipment of semiconductors and their derivative products.”
South Korea’s financing support was approximately a quarter of more than 26 trillion last year, the Ministry of Finance said in a press release.
Within the framework of the events, the government will subsidize the construction of underground electricity transfer lines to semiconductor clusters, as well as increase infrastructure funding in the advanced industrial complexes to 50%.
A total of 20 trillion, low -interest loans for semiconductor companies will be offered between 2025 and 2027, which is 17 trillion.
Other measures include the introduction of training and research programs for students of the Magistrate and doctoral students, as well as global joint research programs for foreign talents.
South Korea lives some of the best chips in the world, including Samsung Electronics and SK Hynix, and semiconductors are key exports of the country.
On Tuesday South Korean Kospi It increased by 0.68%, with Samsung rise by 1.07%and SK Hynix by 0.17%.
In 2024 South Korea exports semiconductors stood at $ 141.9 billionJust over 20% of exports of $ 683.6 billion.
The US is The second largest export place for South KoreaExports increased by 10.5% compared to last year to $ 127.8 billion in 2024, reaching a new annual maximum for the seventh consecutive year.
It was reported to be Monday, which is acting President of South Korea Khan Dak-S According to local media, Yonhap.
