S. Korea's finance ministry to increase support for semiconductor industry

Finance Minister Choi Sang-mok also announced a plan to increase its support for the semiconductor industry from 26-trillion won to 33-trillion won, or over 22-billion U.S. dollars.

The plan aims at strengthening the global competitiveness of key sectors amid rising uncertainty from U.S.-led trade tensions.

As part of the plan, the government will introduce new investment subsidies for small and mid-sized firms in advanced materials, components, and equipment.