Minister Bang Moon-gyu, "Full-scale Operation of 300 Billion Won Semiconductor Ecosystem Fund"

Visit to Samsung Electronics Pyeongtaek Semiconductor Plant
Meeting with SoBuJang Entrepreneurs

The Ministry of Trade, Industry and Energy announced on the 14th that Minister Bang Moon-kyu visited Samsung Electronics' Pyeongtaek Campus to discuss key industry issues and challenges with young entrepreneurs in the semiconductor sector and inspected semiconductor production sites.

The meeting was attended by semiconductor fabless and materials, parts, and equipment entrepreneurs from Samsung Electronics, FRD, GigaRain, Open Edge Technology, Mobilint, Rebellion, and others. They requested that government support for mass production performance evaluation and facility investment be further expanded so that technologies and products developed by fabless and materials, parts, and equipment companies can quickly enter domestic and international markets.

Minister Bang Moon-kyu announced that to support their growth, a semiconductor ecosystem fund worth 300 billion KRW will be fully operated, and policy financing, which amounts to 2.8 trillion KRW this year, will be further expanded next year. Minister Bang said, "We will also strengthen cooperation measures such as joint technology development between fabless and materials, parts, and equipment companies, semiconductor chip manufacturers, and demand companies in sectors like automotive and electronics," adding, "Since the semiconductor market is expected to recover next year, we will make every effort to support our fabless and materials, parts, and equipment companies to grow together as global companies."

Following this, Minister Bang visited the P1 line producing memory semiconductors such as DRAM and NAND flash within Samsung Electronics' Pyeongtaek Campus, inspected the production process, and had lunch with executives and employees at the Samsung Electronics cafeteria. Attendees requested continued government interest in semiconductor workforce development and greater efforts to improve working and living conditions for young employees.

Minister Bang stated, "Through expanding semiconductor research and development (R&D) and designating more specialized semiconductor graduate schools, we will create an environment where excellent talents flow into the semiconductor industry and young semiconductor entrepreneurs can feel a sense of fulfillment."

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