South Korea announces more than 23 billion dollars for the chips sector, where semiconductor imports are looming on the horizon

South Korea announced on Tuesday a support package of 33 trillion Won (23.25 billion dollars) on the semiconductor industry, as the increasing uncertainty over American definitions threatens local companies.

This comes after US President Donald Trump According to what he said, he said He was announcing the rate of tariffs on the semiconductors imported soon, after that Exempt them from the “mutual” sharp definitions last Friday.

In a post on social media on Monday, Trump Pledge “Full Electronics Supply Series” on national security.

The US Department of Commerce also issued a notification, saying that it would begin an investigation “to identify the effects of national reserves for semiconductor, and semiconductor manufacturing equipment, and its derivative products.”

The support of South Korea’s financing was about a quarter of more than 26 trillion committed last year, according to a press statement issued by the Ministry of Finance.

As part of the measures, the government will support the construction of underground energy transport lines to semiconductor groups, in addition to increasing the infrastructure financing rate in advanced industrial complexes to 50 % of 30 %.

A total of 20 trillion Won of low -benefit loans will be offered to semiconductor companies between 2025 and 2027, an altitude of 17 trillion Won.

Other measures include providing training and research programs for local masters and master’s students, as well as international joint research programs for foreign talents.

South Korea is home to some of the world’s best numbers, including Samsung Electronics and SK Hynix, with semiconductors a major export of the country.

South Korean Tuesday KosPI It increased by 0.68 %, with Samsung 1.07 % climbing and SK Hynix by 0.17 %.

In 2024, South Korea exports of semiconductors It amounted to 141.9 billion dollarsMore than 20 % of the country’s exports of $ 683.6 billion.

US The second largest export destination for South KoreaWith exports increasing 10.5 % on an annual basis to 127.8 billion dollars in 2024, reaching a new annual higher for the seventh year in a row.

On Monday, South Korean President Han Dac Soo said that Trump was “apparently” his administration to conduct immediate tariff negotiations with South Korea, According to the local media outlet Yonhap.