See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

South Korea Sets Aside Record $19 Billion to Boost Chip Industry

Posted on AllSides May 22nd, 2024
From The Left

South Korea has unveiled a $19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics Co. and SK Hynix Inc. as they race to stay ahead in an increasingly competitive industry.

The 26 trillion won program includes 17 trillion won of financial support for certain investments as well as tax incentives, the presidential office said in a statement. The total is more than double the 10 trillion won Finance Minister Choi Sang-mok had proposed less than two weeks ago.

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://bloomberg.com/news/articles/2024-05-23/south-korea-sets-aside-record-19-billion-to-boost-chip-industry

More News about Technology from the Left, Center and Right

From the Left

From the Center

From the Right