Yang Hyang-ja "Unprecedented Semiconductor Support Measures to Be Announced by August"

[Asia Economy Reporter Oh Ju-yeon] "Semiconductors are a timing business where speed is crucial. The Semiconductor Technology Special Committee (Semiconductor Special Committee) will strive to present a semiconductor industry support special law with the highest level of completeness by August at the latest."

Yang Hyang-ja, Chairperson of the Democratic Party's Semiconductor Special Committee, made this statement at the committee's inauguration ceremony held on the 23rd.

Yang Hyang-ja, Chairperson of the Semiconductor Technology Special Committee of the Democratic Party of Korea, is delivering a greeting at the launch ceremony and first meeting of the Semiconductor Technology Special Committee held at the National Assembly on the 23rd. Photo by Yoon Dong-ju doso7@

That morning, the Democratic Party's Semiconductor Special Committee held its inauguration ceremony and officially began its activities. At the event, Chairperson Yang said, "The first task is to gather opinions from the field and propose possible support measures and regulatory relaxations through presidential executive orders to the President." She emphasized, "From the immediate shortage of automotive semiconductors to long-term talent development in semiconductors, if there are areas the government has not yet identified, we will examine and fill those gaps."

The Special Committee plans to introduce a Semiconductor Industry Support Special Act by August.

Yang stated, "The special law will be at a level that can overwhelm the support measures of competing countries," adding, "We will prepare ultra-exceptional support measures to the extent that the term 'radical' will seem inadequate."

She added, "Whether the Republic of Korea collapses or soars depends on this battle," and "This war will decide whether we remain at the threshold of advanced countries or become the leading nation that drives them." She further emphasized, "There is no war that can be won without the support and backing of the people," and "Just as we overcame the crisis triggered by Japan, we will once again unite our strength and repay with victory."

The vice-chairpersons of the Semiconductor Special Committee are Assemblymen So Byung-chul, Kim Kyung-man, Kim Byung-joo, and Kim Joo-young. Additionally, related standing committee chairpersons such as Lee Hak-young (Chair of the Industry Committee), Yoon Hoo-duk (Chair of the Strategy and Finance Committee), Lee Won-wook (Chair of the Science, ICT, Broadcasting and Communications Committee), and Hong Ik-pyo, the Policy Committee Chair, participated as members. Furthermore, advisors include former Samsung Electronics President Lim Hyung-kyu, SK Hynix Vice Chairman Park Sung-wook, and Kim Hyung-jun, head of the government's Next-Generation Intelligent Semiconductor Project Group.

This content was produced with the assistance of AI translation services.