( August 4, 2026, 05:14 GMT | Official Statement) -- MLex Summary: South Korea’s cabinet approved Tuesday the enforcement decree for the Semiconductor Special Act, allowing both the act and the decree to take effect simultaneously on Aug. 11 as scheduled, in line with the country’s push to advance its artificial intelligence capabilities, the Ministry of Trade, Industry and Resources said. The decree sets out detailed provisions governing the establishment and operation of a special committee to enhance semiconductor competitiveness, procedures for designating semiconductor clusters and the support available to them, measures to develop the industry's workforce, and the operation and management of a special government budget account dedicated to strengthening the sector's competitiveness.The statement is attached (in Korean)....
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