South Korea Increases Support for Semiconductor Industry Amid Tariff Threats

April 15, 2025, 7:21 am

Facing uncertainties from U.S. tariff actions, South Korea has committed to expanding its financial support package for its crucial semiconductor sector. The government plans to raise the package to about 33 trillion won, a 26% increase, to help domestic chip manufacturers counterbalance the impact of potential U.S. tariff hikes. This proactive measure aims to bolster the industry’s competitiveness and secure its leading position in the global semiconductor market while addressing emerging trade tensions.

winnipegfreepress.com / South Korea to boost support of semiconductor industry in the face of Trump’s tariffs

citynews.ca / South Korea to boost support of semiconductor industry in the face of Trump’s tariffs

SEOUL, South Korea (AP) — South Korea said Tuesday it will expand its financial support package for its crucial semiconductor industry to 33 trillion won (about $23 billion) in part of efforts to address uncertainties posed by the Trump administration’s tariff hikes. The package represents...

2 stories from 2 sources in 2 days ago ... #economy #global-trade #business #tariffs #foreignpolicy

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South Korea Increases Support for Semiconductor Industry Amid Tariff Threats

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