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International Business Times
International Business Times
Business

S. Korea Govt Plans $4.9 Bn More Help For Semiconductors As US Tariff Risk Bites

South Korea is home to the world's largest memory chip maker Samsung, and largest memory chip supplier SK Hynix (Credit: AFP)

South Korea on Tuesday announced plans to invest an additional $4.9 billion in the country's semiconductor industry, citing "growing uncertainty" over US tariffs.

"An aggressive fiscal investment plan has been devised to help local firms navigate mounting challenges in the global semiconductor race," the finance ministry said in a press release, adding the country's chip support package would be increased by $4.9 billion.

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