South Korea prepares $34 billion fund for national strategic industries

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SEOUL : South Korea will establish a $34 billion policy fund to provide financial support to domestic companies involved in strategic technologies such as chips and autos amid intensifying global competition and protectionism, the government said on Wednesday.

Since returning to office in January, U.S.

A financial support package prepared specifically for the semiconductor industry last year will also be integrated into the fund.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Korea Fund South Strategic Technologies Industries National Support Chips Financial Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 09:39:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 284 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26672753

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