South Korea To Launch $3.5 Bln Chip Fund, Speed Development Of Semiconductor Hubs
The fund aims to bolster domestic chip hubs as Chinese rivals gain ground and pressure grows on Samsung Electronics and SK hynix, officials said.
- South Korean President Lee Jae Myung ordered moving military operations from Gwangju Air Base to other airfields by mid-2028 to rapidly develop a semiconductor industrial complex in the Honam region.
- The government launched megaprojects focusing on semiconductors, physical AI, and AI data centers to boost investment outside the Greater Seoul area.
- Samsung Electronics and SK Hynix committed major investments supported by government infrastructure plans for power, water, transport, and housing.
- Lee emphasized easing regulations and early construction with oversight to prevent delays and ensure the Gwangju site quickly develops as a semiconductor hub similar in speed to TSMC's chip plant in Japan.
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17 Articles
South Korea will launch a fund of semiconductors worth 5 trillion won (US$ 3.52 billion) aimed at promising companies of materials, parts, equipment and Fables (without its own factories), said a presidential officer, while Seoul seeks to speed up plans for new chip manufacturing poles across the country. The government will also provide another 5 trillion won in financing for trade for suppliers, declared the head of presidential cabinet, Kang …
South Korea to launch $3.5 billion chip fund, speed development of semiconductor hubs
South Korea will launch a 5 trillion won semiconductor fund targeting promising chip materials, parts, equipment and fabless companies, a presidential official said, as Seoul seeks to accelerate...
South Korea President Lee Orders Gwangju Air Base Relocation by Mid-2028 for Chip Hub
Get latest articles and stories on Business at LatestLY. South Korean President Lee Jae Myung on Monday ordered military operations to shift from Gwangju Air Base to other airfields by mid-2028 to accelerate the construction of a second semiconductor belt, according to a news report by Korea Herald. Business News | South Korea President Lee Orders Gwangju Air Base Relocation by Mid-2028 for Chip Hub.
South Korean President Lee Jae-myung has ordered the Ministry of Defense to expedite the relocation of the military air base in Gwangju by mid-2028 to make way for the development of a large-scale semiconductor manufacturing hub project.
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