Yoon, Yang Hyang-ja and Others Attend Semiconductor Special Committee Lunch... Urge Development of 'K-Semiconductor'

Semiconductor Industry, a Core Policy Task of the Yoon Administration... Likely to Seek National Assembly Cooperation on 'Semiconductor Special Act'

[Image source=Yonhap News]

[Asia Economy Reporter Baek Kyunghwan] President Yoon Suk-yeol will invite the People Power Party's Special Committee on Strengthening Semiconductor Industry Competitiveness (hereinafter Semiconductor Special Committee) to the Yongsan Presidential Office on the 14th to discuss ways to develop 'K-semiconductors.' Independent lawmaker Yang Hyang-ja, a former member of the Democratic Party and currently the chairperson of the Semiconductor Special Committee, will also attend.

According to the Presidential Office, President Yoon will have lunch with members of the People Power Party's Semiconductor Special Committee on the day. The Semiconductor Special Committee, chaired by lawmaker Yang, includes members from the People Power Party such as Kim Young-sik, a former professor of mechanical engineering at Yeungnam University (secretary), Yang Geum-hee, who majored in electronic engineering, and Jo Myung-hee, who comes from the scientific community.

Fostering the semiconductor industry is a core national agenda of the Yoon administration. President Yoon has planned special lectures on semiconductors at Cabinet meetings and showcased the Pyeongtaek Samsung Electronics semiconductor campus to U.S. President Joe Biden during his visit to Korea in May. In July, the government announced a 'comprehensive plan for semiconductor talent development,' and at the 100-day press conference in August, President Yoon emphasized the importance of nurturing semiconductor talent, stating, "We will prioritize talent supply policies by expanding the enrollment capacity of related universities and graduate schools and strengthening private sector cooperation to cultivate 150,000 core semiconductor experts."

The Special Committee was launched at the end of June and held several meetings until early August, during which it proposed the 'K-Chips Act' (Semiconductor Special Act). The committee plans to establish a permanent special committee at the National Assembly level beyond the ruling party starting in the second half of the year to prepare for the leap of Korea's semiconductor industry.

Accordingly, at the lunch meeting, President Yoon is expected to reiterate the importance of the semiconductor industry and urge active cooperation from the National Assembly. Chairperson Yang also emphasized bipartisan cooperation, stating, "There is no partisanship in semiconductors. It is urgent to establish a control tower at the National Assembly and government levels for Korea to become a semiconductor powerhouse."

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