South Korea Unveils 50 Tril. Won Fund to Boost Semiconductor Industry

During the Economic Ministers’ Meeting and the Industrial Competitiveness Enhancement Ministers’ Meeting on April 15, Vice Prime Minister and Minister of Economy and Finance Choi Sang-mok announced a substantial financial initiative aimed at bolstering South Korea’s semiconductor industry.

The government introduced a 50 trillion won (approximately $34.4 billion) Advanced Strategic Industry Fund, set to invest over 20 trillion won in the semiconductor sector starting this year. This marks an increase of 3 trillion won from previously announced plans. The move comes amid heightened uncertainties in global trade dynamics, particularly due to U.S.-initiated tariff wars.