SEOUL, Jun. 26 (Korea Bizwire) — The finance ministry said Wednesday it will provide low-interest loans of 17 trillion won (US$12.22 billion) next month for corporate investment in the semiconductor industry and will push to extend tax benefits for investment in strategic technologies. It is part of execution plans for the comprehensive support package worth [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s chip industry, heavily dependent on China for production and exports, faces a dilemma due to the United States government’s policy of promoting sanctions against Beijing, a report showed Thursday. The global chip supply network is projected to undergo reorganization between 2025 and 2030, aligning with the anticipated [...]
SEOUL, Aug. 29 (Korea Bizwire) – The industry ministry said Tuesday it signed a memorandum of understanding (MOU) with Samsung Electronics Co., SK hynix Inc. and other chip firms to cooperate on technology development for advanced semiconductor packaging. Under the MOU, the government and chipmakers agreed to work together to secure leading technologies in advanced [...]
SEOUL, June 26 (Korea Bizwire) — South Korea will create a fund worth 300 billion won (US$229.25 million) to ensure the stable value chain of the chip industry by strengthening the logic chip sector and related materials, parts and components firms, the industry ministry said Monday. Samsung Electronics Co. and SK hynix Inc. vowed to [...]
SEOUL, Feb. 20 (Korea Bizwire) — The shortage of skilled employees is emerging as another problem for South Korea’s chip industry, which is already struggling due to the repercussions of the global economic slump. The number of students who gave up enrollment in the semiconductor departments of the nation’s four major universities even after being [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea will seek to expand tax incentives on strategic industries such as chips amid the heightening competition in the global market, the finance ministry said Tuesday. Under the proposed tax code revision, the government will apply a higher tax credit rate of 15 percent on facility investment in [...]
SEOUL, Aug. 5 (Korea Bizwire) — DRAM prices went south for the second straight month in August amid flagging demand, data showed Friday, boding ill for the chip industry down the road. The average contract price of 8-gigabit DDR4 DRAMs came to US$2.91 on the spot market Thursday, down 11 percent from $3.27 a month [...]
SEOUL, July 21 (Korea Bizwire) – South Korea will offer more tax incentives and financial support to chipmakers and nurture 150,000 experts in the field in an effort to encourage the firms to push ahead with their investment plans without a hitch, the industry ministry said Thursday. Major tech companies, including Samsung Electronics Co. and [...]
SEOUL, May 30 (Korea Bizwire) — South Korea aims to nurture over 3,000 semiconductor talents by 2027 to maintain its competitive edge in the global market that has faced a severe chip shortage in recent years, according to the science ministry Monday. Science Minister Lee Jong-ho laid out the vision in a meeting with executives [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s chipmakers vowed to expand their domestic investment this year to more than a combined 56.7 trillion won (US$47.36 billion) amid heated global competition and supply chain disruptions, the industry ministry said Wednesday. The plan was announced by the Korea Semiconductor Industry Association based on a recent survey [...]