{"id":2203481,"date":"2024-01-16T08:00:57","date_gmt":"2024-01-15T23:00:57","guid":{"rendered":"https:\/\/koreapro.org\/?p=2203481"},"modified":"2024-01-15T17:32:25","modified_gmt":"2024-01-15T08:32:25","slug":"south-korea-bets-on-semiconductor-mega-cluster-for-global-edge","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/","title":{"rendered":"South Korea bets on semiconductor mega cluster for global edge"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korean President Yoon Suk-yeol <\/span><a href=\"https:\/\/www.president.go.kr\/newsroom\/press\/fHH6Kp6M\"><span style=\"font-weight: 400;\">stressed<\/span><\/a><span style=\"font-weight: 400;\"> during a public forum on Monday that his administration would focus on expanding the semiconductor industry. Emphasizing the sector\u2019s importance in job creation and economic growth, Yoon announced an investment exceeding $472 billion (622 trillion won) in a <\/span><a href=\"https:\/\/koreapro.org\/2023\/04\/how-south-koreas-k-chips-act-balances-strategic-priorities-and-foreign-affairs\/\"><span style=\"font-weight: 400;\">semiconductor mega cluster<\/span><\/a><span style=\"font-weight: 400;\"> in Gyeonggi Province, aiming to generate at least 3 million new jobs. The government estimates the mega cluster will be completed in 2047. He also stressed the need for increased nuclear power to supply the sector\u2019s energy requirements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The forum included presentations from science ministers Lee Jong-ho and industry minister <\/span><a href=\"https:\/\/koreapro.org\/2023\/12\/how-south-koreas-industry-minister-nominee-will-implement-yoons-trade-strategy\/\"><span style=\"font-weight: 400;\">Ahn Duk-geun<\/span><\/a><span style=\"font-weight: 400;\"> on support measures for the semiconductor initiative. These measures involve tax incentives and competitiveness enhancement in the global semiconductor market.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Yoon\u2019s announcement of the government\u2019s plans to proceed with the semiconductor mega cluster indicates the administration\u2019s commitment to strengthening the country\u2019s position in the global semiconductor industry. Coupled with the addition of a third deputy director to the National Security Office (NSO) <\/span><a href=\"https:\/\/koreapro.org\/2024\/01\/south-koreas-new-focus-on-economic-security-reflects-china-us-trade-concerns\/\"><span style=\"font-weight: 400;\">focusing on economic security<\/span><\/a><span style=\"font-weight: 400;\">, this initiative will likely improve South Korea\u2019s competitiveness against key global players like the U.S., China and Taiwan in the long term. Additionally, the investment will have secondary effects on small and medium enterprises within the semiconductor and related sectors, potentially leading to growth and innovation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yoon\u2019s remark about the need for increased nuclear power is highlighted by the <\/span><a href=\"https:\/\/www.koreatimes.co.kr\/www\/tech\/2023\/12\/129_365741.html\"><span style=\"font-weight: 400;\">$2.3 billion contract<\/span><\/a><span style=\"font-weight: 400;\"> awarded to a consortium led by Hyundai Engineering &amp; Construction in December to construct Shin-Hanul nuclear reactors 3 and 4 in Uljin, North Gyeongsang Province. While the main opposition Democratic Party (DP) has <\/span><a href=\"https:\/\/theminjoo.kr\/main\/sub\/news\/view.php?brd=11&amp;post=1201704\"><span style=\"font-weight: 400;\">criticized<\/span><\/a><span style=\"font-weight: 400;\"> other aspects of Yoon\u2019s economic policies, including tax cut proposals and easing real estate regulations, the party has not opposed the mega cluster project, likely indicating broad political consensus.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korean President Yoon Suk-yeol stressed during a public forum on Monday that his administration would focus on expanding the semiconductor industry. Emphasizing the sector\u2019s importance in job creation and economic growth, Yoon announced an investment exceeding $472 billion (622 trillion won) in a semiconductor mega cluster in Gyeonggi Province, aiming to generate at least [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2203482,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,27],"class_list":["post-2203481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-domestic-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea bets on semiconductor mega cluster for global edge - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea bets on semiconductor mega cluster for global edge - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korean President Yoon Suk-yeol stressed during a public forum on Monday that his administration would focus on expanding the semiconductor industry. Emphasizing the sector\u2019s importance in job creation and economic growth, Yoon announced an investment exceeding $472 billion (622 trillion won) in a semiconductor mega cluster in Gyeonggi Province, aiming to generate at least [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-15T23:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-15T08:32:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2024\/01\/eb-11.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea bets on semiconductor mega cluster for global edge\",\"datePublished\":\"2024-01-15T23:00:57+00:00\",\"dateModified\":\"2024-01-15T08:32:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/\"},\"wordCount\":306,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/01\/eb-11.png\",\"keywords\":[\"Business &amp; Economy\",\"Domestic Politics\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/\",\"url\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/\",\"name\":\"South Korea bets on semiconductor mega cluster for global edge - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/01\/eb-11.png\",\"datePublished\":\"2024-01-15T23:00:57+00:00\",\"dateModified\":\"2024-01-15T08:32:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/01\/eb-11.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/01\/eb-11.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Korea bets on semiconductor mega cluster for global edge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. Up-to-date analysis on foreign relations, politics, society and economy. Made by the producers of NK PRO and NK News.\",\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/koreapro.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/koreapro.org\/#organization\",\"name\":\"KOREA PRO\",\"url\":\"https:\/\/koreapro.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2022\/11\/logo.png\",\"contentUrl\":\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2022\/11\/logo.png\",\"width\":360,\"height\":50,\"caption\":\"KOREA PRO\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/nknewsorg\/\",\"https:\/\/x.com\/southkoreapro\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"South Korea bets on semiconductor mega cluster for global edge - KOREA PRO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/","og_locale":"en_US","og_type":"article","og_title":"South Korea bets on semiconductor mega cluster for global edge - KOREA PRO","og_description":"South Korean President Yoon Suk-yeol stressed during a public forum on Monday that his administration would focus on expanding the semiconductor industry. Emphasizing the sector\u2019s importance in job creation and economic growth, Yoon announced an investment exceeding $472 billion (622 trillion won) in a semiconductor mega cluster in Gyeonggi Province, aiming to generate at least [&hellip;]","og_url":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/","og_site_name":"KOREA PRO","article_publisher":"https:\/\/www.facebook.com\/nknewsorg\/","article_published_time":"2024-01-15T23:00:57+00:00","article_modified_time":"2024-01-15T08:32:25+00:00","og_image":[{"url":"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2024\/01\/eb-11.png","width":1024,"height":548,"type":"image\/png"}],"author":"johnleenknews","twitter_card":"summary_large_image","twitter_creator":"@southkoreapro","twitter_site":"@southkoreapro","twitter_misc":{"Written by":"KOREA PRO","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#article","isPartOf":{"@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/"},"author":{"name":"johnleenknews","@id":"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d"},"headline":"South Korea bets on semiconductor mega cluster for global edge","datePublished":"2024-01-15T23:00:57+00:00","dateModified":"2024-01-15T08:32:25+00:00","mainEntityOfPage":{"@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/"},"wordCount":306,"publisher":{"@id":"https:\/\/koreapro.org\/#organization"},"image":{"@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#primaryimage"},"thumbnailUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/01\/eb-11.png","keywords":["Business &amp; Economy","Domestic Politics"],"articleSection":["Briefings"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/","url":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/","name":"South Korea bets on semiconductor mega cluster for global edge - KOREA PRO","isPartOf":{"@id":"https:\/\/koreapro.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#primaryimage"},"image":{"@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#primaryimage"},"thumbnailUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/01\/eb-11.png","datePublished":"2024-01-15T23:00:57+00:00","dateModified":"2024-01-15T08:32:25+00:00","breadcrumb":{"@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#primaryimage","url":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/01\/eb-11.png","contentUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/01\/eb-11.png","width":1870,"height":1000},{"@type":"BreadcrumbList","@id":"https:\/\/koreapro.org\/2024\/01\/south-korea-bets-on-semiconductor-mega-cluster-for-global-edge\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/koreapro.org\/"},{"@type":"ListItem","position":2,"name":"South Korea bets on semiconductor mega cluster for global edge"}]},{"@type":"WebSite","@id":"https:\/\/koreapro.org\/#website","url":"https:\/\/koreapro.org\/","name":"KOREA PRO","description":"Be smart about South Korea. Up-to-date analysis on foreign relations, politics, society and economy. Made by the producers of NK PRO and NK News.","publisher":{"@id":"https:\/\/koreapro.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/koreapro.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/koreapro.org\/#organization","name":"KOREA PRO","url":"https:\/\/koreapro.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/koreapro.org\/#\/schema\/logo\/image\/","url":"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2022\/11\/logo.png","contentUrl":"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2022\/11\/logo.png","width":360,"height":50,"caption":"KOREA PRO"},"image":{"@id":"https:\/\/koreapro.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/nknewsorg\/","https:\/\/x.com\/southkoreapro"]}]}},"_links":{"self":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2203481"}],"collection":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/users\/10407"}],"replies":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/comments?post=2203481"}],"version-history":[{"count":1,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2203481\/revisions"}],"predecessor-version":[{"id":2203483,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2203481\/revisions\/2203483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/media\/2203482"}],"wp:attachment":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/media?parent=2203481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/categories?post=2203481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/tags?post=2203481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}