Ruling Party: "Government to Actively Respond to Maximize National Interest in 'Chip4 Alliance'"

June 1 Ruling Party Semiconductor Party-Government Policy Meeting

No Mention of Membership or Specific Countries like US and China

Kwon Seong-dong, floor leader of the People Power Party, and Sung Il-jong, chairman of the Policy Committee, are moving to attend the 'Party-Government Policy Council for Strengthening Semiconductor Industry Competitiveness' held at the National Assembly on the afternoon of the 1st. (Image source=Yonhap News)

[Asia Economy Reporter Moon Chaeseok] Kwon Seong-dong, Acting Leader and Floor Leader of the People Power Party, attended the party-government-semiconductor council on the 1st and requested, "Regarding the 'Chip 4 Alliance' proposed by the United States, the government should respond strategically to maximize national interests." He did not disclose opinions on whether to join or on specific countries.

In his opening remarks at the council held that afternoon, Floor Leader Kwon said, "The opposition party must actively cooperate so that semiconductor industry support bills and budgets can be prioritized for processing in this regular National Assembly session."

He mentioned that to solidify the government's 'super semiconductor power' strategy, it is necessary to establish a collaborative system among government ministries, dispel concerns about regional neglect during workforce development, strengthen the materials, parts, and equipment ecosystem, and realize the principle of maximizing national interests in the Chip 4 Alliance.

He said, "We must break down walls between ministries and collaborate with the responsibility that all ministries are the main ministry when it comes to semiconductor work," and requested, "(The government) actively communicate with regional universities so that regions are not neglected in workforce development and industrial support."

Sung Il-jong, Chairman of the Policy Committee, emphasized, "Although Korean companies (Samsung Electronics, SK Hynix, etc.) hold an unrivaled number one position in the memory semiconductor field through fierce technological development, national support is essential to establish ourselves as a leading country."

Chairman Sung recalled, "No matter how much we want to invest in the semiconductor industry, it is difficult to build even one factory," and said, "The reason the People Power Party formed the Special Committee to Strengthen Semiconductor Industry Competitiveness is to abolish regulations that hinder industrial development at the National Assembly level and to seek realistic support measures."

He added, "We will also publish a white paper on the activities the special committee has conducted so far to present a vision for the future to the public," and "The party will discuss more concrete support measures with the government in today's meeting."

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