Overview

• President Yoon Suk Yeol describes the semiconductor industry as a field of 'all-out national warfare.'
• The plan includes a $17 trillion won financial support program through the Korea Development Bank.
• A $1 trillion won fund will support fabless companies and equipment manufacturers.
• South Korea aims to increase its market share in non-memory chips from 2% to 10%.
• The government will extend tax benefits and streamline bureaucracy to aid the semiconductor sector.