{"id":20382,"date":"2024-05-12T05:34:54","date_gmt":"2024-05-12T05:34:54","guid":{"rendered":"https:\/\/swn.af\/en\/?p=20382"},"modified":"2024-05-12T05:56:22","modified_gmt":"2024-05-12T05:56:22","slug":"south-korea-prepares-support-package-worth-over-7-billion-for-chip-industry","status":"publish","type":"post","link":"https:\/\/swn.af\/en\/2024\/05\/south-korea-prepares-support-package-worth-over-7-billion-for-chip-industry\/","title":{"rendered":"South Korea prepares support package worth over $7 billion for chip industry"},"content":{"rendered":"<p><strong>MONITORING (SW) &#8211; South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a &#8220;war&#8221; in the semiconductor industry.<\/strong><\/p>\n<p>Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.<\/p>\n<p>The program could include offers of policy loans and the setting-up of a new fund financed by state and private financial institutions, Choi told executives of domestic chip equipment makers at a meeting, the finance ministry said in a statement.<\/p>\n<p>South Korea is also building a mega chip cluster in Yongin, south of its capital, Seoul, which it touts as the world&#8217;s largest such high-tech complex, Reuters news agency reported.<\/p>\n<p>President Yoon Suk Yeol has vowed to pour all possible resources into winning the &#8220;war&#8221; in chips, promising\u00a0tax benefits\u00a0for investments.<\/p>\n<h6><strong><em>ENDS<\/em><\/strong><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>MONITORING (SW) &#8211; South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a &#8220;war&#8221; in the semiconductor industry.<\/p>\n","protected":false},"author":9,"featured_media":20383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[990,1,984,194,982,351,7],"tags":[],"class_list":["post-20382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-0_swnen","category-news","category-world","category-international","category-science-technology","category-headline"],"views":52,"_links":{"self":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/20382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/comments?post=20382"}],"version-history":[{"count":2,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/20382\/revisions"}],"predecessor-version":[{"id":20385,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/20382\/revisions\/20385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/media\/20383"}],"wp:attachment":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/media?parent=20382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/categories?post=20382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/tags?post=20382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}