South Korea's finance ministry has announced a $12.2 billion financial support package, including low-interest loans, to boost its semiconductor industry amid escalating global competition. The government will launch the financial support program worth 17 trillion won in July, which will be available for domestic and foreign companies. Additionally, South Korea plans to create a 5 trillion-won fund for supply chain resilience and economic security, and a $3.6 billion fund to reduce its dependence on foreign supplies.
South Korea plans to launch a $3.6 billion fund to reduce its dependence on foreign supplies as it seeks to safeguard supply chains https://t.co/66XhNYGowe
Asia Pacific companies and governments sold close to $14 billion of bonds in their busiest week of the year https://t.co/A8L0k1BXKl
S. Korea to create 5 tln-won fund for supply chain resilience, economic security https://t.co/dIPfWOpZMr
#SouthKorea's finance ministry has announced a $12.2 billion financial support package, including low-interest loans to boost its semiconductor industry amid escalating global competition.
South Korea to provide 17 tln won ($12.2bn) of policy financing for chip industry investment via @YonhapNews Under the plan, the government will launch the financial support program worth 17 trillion won in July to be available for domestic and foreign companies that make a…