Global Trade Alert
Global Trade Alert

Republic of Korea: Adoption of KRW 26 trillion Semiconductor Ecosystem Support Package

Announcement

23 May 2024

In May 2024, the South Korean government adopted a “Semiconductor Ecosystem Support Package” with state aid of up to KRW 26 trillion (USD 19 billion). With the package, the government aims "to take a more proactive action to establish Korea’s semiconductor supremacy amid the intensified battle in the global semiconductor industry."

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Number of interventions

4

3 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

23 May 2024

Revocation date:

No revocation date

Announced: 23 May 2024
In-kind grant In force
On 23 May 2024, the South Korean government adopted a “Semiconductor Ecosystem Support Package”. Among other measures, the government will provide KRW 2.5 trillion (USD 1.8 billion) in state aid for i...
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Announced: 23 May 2024
Financial investment support In force
On 23 May 2024, the South Korean government adopted a “Semiconductor Ecosystem Support Package”. Among other measures, the government announced it will "scale up" the Semiconductor Ecosystem Fund from...
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Announced: 23 May 2024
State loan In force
On 23 May 2024, the South Korean government adopted a “Semiconductor Ecosystem Support Package”. Among other measures, the government will provide KRW 17 trillion (USD 12.5 billion) in loans to South ...
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Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 23 May 2024
Instrument unclear
On 23 May 2024, the South Korean government adopted a “Semiconductor Ecosystem Support Package”. Among other measures, the government announced it will "strengthen endeavors" to increase its investmen...
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