Moon Seung-wook, Minister of Industry, "Actively Supporting Private Investment by Implementing the K-Semiconductor Strategy"

Minister Moon attends 'Semiconductor Day' ceremony
"Public and private sectors must cooperate to respond to global supply chain restructuring"

Moon Seung-wook, Minister of Trade, Industry and Energy, is delivering a keynote speech at the 2nd Carbon Neutral Industrial Transition Promotion Committee held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul on the 17th. Photo by Moon Ho-nam munonam@

[Sejong=Asia Economy Reporter Kwon Haeyoung] Moon Seung-wook, Minister of Trade, Industry and Energy, emphasized public-private cooperation to respond to the global supply chain restructuring movement.

At the '14th Semiconductor Day' and the '30th Anniversary of the Korea Semiconductor Industry Association' ceremony held at COEX in Seoul on the morning of the 22nd, Minister Moon stated, "The government will faithfully implement the 'K-Semiconductor Strategy' announced last May to actively support private investment and build the world's best semiconductor supply chain."

Semiconductor Day was established to commemorate October 1994, when South Korea's semiconductor exports first surpassed $10 billion annually, and the government and industry commemorate it once a year. About 300 industry, academia, and research officials in the semiconductor field attended the event, including Minister Moon, Lee Jung-bae, Chairman of the Korea Semiconductor Industry Association (President of Samsung Electronics), and Lee Seok-hee, President of SK Hynix.

Minister Moon evaluated, "Large-scale investments by device companies are progressing smoothly, and ASML, which monopolizes extreme ultraviolet (EUV) equipment, completed a land contract last week to establish a 240 billion KRW-scale remanufacturing and training center," adding, "The establishment of the K-Semiconductor Belt is rapidly being realized."

He also emphasized the need to focus capabilities on nurturing professionals for the sustainable growth of the semiconductor industry. To this end, he announced plans to ▲ launch a new project to train 3,500 master's and doctoral-level personnel through public-private joint investment ▲ establish a semiconductor major track for 1,200 students next year ▲ and create education programs centered on current employees.

Minister Moon stressed, "We must strengthen the stability of the semiconductor supply chain through building global partnerships," and added, "In December, we plan to hold the Korea-US Semiconductor Partnership Dialogue to promote practical semiconductor cooperation projects between the two countries focusing on people, technology, and investment."

Additionally, on Semiconductor Day, the government awarded 52 semiconductor industry contributors who have made great efforts to develop Korea's semiconductor industry. This is the largest scale of awards ever. The Gold Tower Order of Industrial Service Merit was awarded to Lee Jung-bae, President of Samsung Electronics, who contributed to the development and mass production of the world's best mobile and server DRAM. The Silver Tower Order of Industrial Service Merit was awarded to Choi Myung-bae, CEO of YIK, who played a leading role in the localization of Korea's first memory test equipment and the export of semiconductor equipment overseas. Furthermore, 40 people received the Minister of Trade, Industry and Energy Commendation.

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