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South Korea to Boost Aid for Chip Makers to $23 Billion, Expanding Extra Budget

Korea Economic Daily LogoKorea Economic Daily11h ago

South Korea to Boost Aid for Chip Makers to $23 Billion, Expanding Extra Budget - Korea Economic Daily

Quick Summary:

Around 4 trillion won of state investments and economic support has also been earmarked for South Korea’s commerce sector and artificial-intelligence industries, with the government planning to dedicate some of the extra spending to securing supplies of advanced graphics processing units for AI computing infrastructure.

South Korea’s acting president, Han Duck-soo, who spoke with Trump over the phone last week, said Monday that Seoul would start tariff negotiations with the U.S.as soon as possible, and will send a negotiating team led by the trade minister to Washington.

South Korea’s government is planning to increase support for chip makers to around $23 billion, proposing a bigger-than-expected supplementary budget that will also dial up financial aid for the broader economy and wildfire disaster relief.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 09:55:12 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Korea Economic Daily

News ID: 27935771

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 9 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 3 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

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The story "South Korea to Boost Aid for Chip Makers to $23 Billion, Expanding Extra Budget" was covered 11 hours ago by Korea Economic Daily, a news publisher based in South Korea.

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Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

The outlet is headquartered in South Korea and publishes an average of 9 news stories per day.

It's most recent story was published 3 hours ago.

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  • News ID: #27935771
  • URL: https://chronographically.beamstart.com/news/south-korea-to-boost-aid-17447650388604

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