According to reports, South Korea is actively promoting the development of the chip industry and plans to establish a new fund with an investment scale of 300 billion Korean won to promote the development of related enterprises.

According to the report, the South Korean Ministry of Trade, Industry and Energy announced on Monday that it will establish a new fund for the chip industry, with an investment scale of 300 billion Korean won. This new fund is expected to be established within this year.

The newly established fund for the chip industry in South Korea will be funded by many parties. Samsung Electronics and SK Hynix, two chip manufacturers, have committed to invest 75 billion won. The Korea Development Bank, Korea Development Bank and several other entities will provide another 75 billion won of policy financing for the master fund, and the remaining 150 billion won will come from private investors.

South Korea has established a new fund worth 300 billion won, aiming to strengthen the strength of logic chips and related materials and components companies, and enhance the strength of the chip ecological industry chain.

According to the report, South Korea established 240 billion won and 120 billion won funds in 2017 and 2020 respectively, but the funds of these funds are expected to run out next year.

It is reported that South Korea has established a new fund with a scale of 300 billion won for the chip industry, aiming to solve the financing difficulties of related enterprises. The report states that the new fund will support fabless manufacturers, as well as material manufacturers, component manufacturers, and equipment manufacturers related to the chip industry. Due to the industry downturn and rising interest rates, these companies face challenges in financing.