Key facts
- South Korea will launch a 5 trillion won ($3.5 billion) semiconductor fund.
- The fund aims to support promising chip materials, parts, equipment, and fabless companies.
- An additional 5 trillion won in trade finance will be provided for suppliers.
- These measures are part of President Lee Jae Myung's semiconductor megaproject initiative.
South Korea is set to launch a significant semiconductor fund, valued at 5 trillion won (approximately $3.5 billion), aimed at bolstering promising companies in the chip materials, parts, equipment, and fabless sectors. This initiative is part of President Lee Jae Myung's broader semiconductor megaproject. In addition to the fund, the government will allocate another 5 trillion won to provide trade finance for suppliers within the semiconductor ecosystem. These measures are designed to accelerate the development of the nation's semiconductor hubs and strengthen its position in the global chip industry.