Separately, the government plans to cover “a significant share” of the 1.8 trillion won needed to bury power cables underground in chipmaking clusters south of Seoul, it said in a statement.
South Korea plans to bolster its fiscal support for domestic chipmakers next year, shoring up an industry that may face unfavourable policies from the incoming Trump administration and more intense challenges from Chinese rivals.
Financial support including loans from state-affiliated banks is set to amount to 14.3 trillion won ($13.8 billion) next year in an elevation of continued policy stimulus, the Finance Ministry said Wednesday.
