Amid geopolitical risks and supply chain realignment, South Korea has elevated semiconductors to the level of national strategy. Under its “K-Semiconductor Vision and Strategy in the AI Era,” the government plans to invest approximately 700 trillion won (around US$ 520 billion) by 2047 to build the world’s largest semiconductor cluster, with 16 new fabrication plants scheduled by 2030. It has also established a 50 trillion won (around US$ 37 billion) industry fund, offering up to 25% tax credits for facility investment and 50% for R&D, while aiming to cultivate 150,000 semiconductor professionals by 2030 to strengthen the industry’s integrated innovation ecosystem.
