"Supporting Semiconductor Companies"... Park Jong-pil, Daegu City Council Member, Introduces Ordinance as Lead Sponsor

Park Jong-pil, a member of the Daegu Metropolitan Council (People Power Party, proportional representation), announced on the 6th that he will representatively propose the enactment of the "Ordinance on the Promotion and Support of the Semiconductor Industry in Daegu Metropolitan City" at the 307th extraordinary session.

With the development of new industries such as artificial intelligence, the Internet of Things, and autonomous driving, the semiconductor market is expected to expand further. However, according to the Korea Institute for Industrial Economics and Trade, South Korea's share of the global non-memory semiconductor market is only 3.3%.

Daegu City Council Member Park Jong-pil

In response, the Ministry of Trade, Industry and Energy announced the "New Industry Policy 2.0 Strategy" in February this year, planning to strengthen semiconductor competitiveness by investing in relatively weak areas in South Korea such as fabless and materials, parts, and equipment (SoBuJang) in the semiconductor industry.

Daegu City has also selected semiconductors as one of the five future new industries and is making multifaceted efforts such as infrastructure construction, training of specialized personnel, and attracting companies to preoccupy the non-memory semiconductor market, which can still be called a blue ocean in the semiconductor field.

Council member Park Jong-pil of Daegu Metropolitan Council is representatively proposing this ordinance to establish institutional grounds to foster the semiconductor industry as a regional specialized industry and to continuously support it in line with Daegu City's semiconductor promotion policy.

This ordinance includes contents such as establishing basic plans and annual implementation plans for fostering and supporting the semiconductor industry, conducting surveys for the establishment and implementation of basic plans, support projects such as technology development, company attraction, human resource development, and marketing for semiconductor industry promotion, and building cooperative systems with related organizations, groups, research institutes, companies, and universities.

Park Jong-pil, a member of the Daegu Metropolitan Council, pointed out, "Continuous technological innovation is necessary to gain competitiveness in the globally fiercely competitive semiconductor market," and emphasized, "Daegu City must actively support local semiconductor companies to secure global competitiveness."

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