President Yoon: "Semiconductors Are National Security Assets... Drastic Efforts Needed for Talent Development"

"Our Industry's Core, the Backbone of the Economy... Regulations Must Be Boldly Lifted and Support Provided Boldly"

[Asia Economy Reporter Baek Kyunghwan] President Yoon Suk-yeol stated, "Semiconductors are a national security asset and the core of our industry," emphasizing, "The semiconductor industry’s key is nurturing outstanding talent, and all ministries should make extraordinary efforts to cultivate talent."

On the morning of the 7th, at the State Council meeting held at the Yongsan Presidential Office building, President Yoon said, "Semiconductors form the foundation of our economy, accounting for 20% of total exports."

He particularly noted, "Not only semiconductors but also enhancing our potential growth and advancing industrial competitiveness require the most important factor: talent development," adding, "There is no such thing as leapfrog growth without talent." He continued, "If there are regulations that need to be lifted to foster talent, we must boldly remove them, and if there is financial support the government can provide, we must decisively support it. Without such resolute decisions, achieving high growth or leapfrog development will be difficult."

At the State Council meeting that day, Minister Lee Jong-ho of the Ministry of Science and ICT, a world-renowned expert in semiconductors, gave a lecture titled "Understanding Semiconductors and Their Strategic Value" to the State Council members. This was to share the strategic value of semiconductors with the council members. A presidential office official explained, "It was a session for all ministries to cooperate and discuss various measures to secure a super-gap in the semiconductor field and overcome chronic manpower shortages," adding, "It signifies the intention to make the State Council meetings more substantive and practical."

Meanwhile, at the same State Council meeting, 110 laws passed by the National Assembly on May 29, including the 'Industrial Accident Compensation Insurance Act Amendment' applying industrial accident insurance to platform workers, were promulgated. President Yoon urged, "Each ministry should ensure thorough implementation so that the purpose of the law amendments is realized smoothly in the field."

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