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Leading South Korea presidential candidate vows strong support for chips sector

By Choonsik Yoo ( April 28, 2025, 06:41 GMT | Insight) -- The leading candidate for South Korea’s presidential election in early June promised his government will take steps to safeguard the country’s semiconductor industry against multiple challenges. Lee Jae-myung of the Democratic Party of Korea also said in his first sectoral policy pledge issued after winning the party’s nomination late yesterday, that his government will quickly enact a special law on the semiconductor industry, and expand tax benefits for companies, given that the sector requires massive upfront capital investment.The leading candidate for South Korea’s presidential election in early June promised today that his government will take steps to safeguard the country’s semiconductor industry against multiple challenges, amid the increasing influence of AI innovation on the sector....

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