[Korea Chips Act] Korea sets out own Chips Act, in less ambitious fashion
TechnologyJan 24, 2022
The Korean government has so far unveiled plans to spend 880 billion won ($737.5 million) this year for financial aid, in the country where tech titans Samsung and SK hynix is poised to spend a combined 55 trillion won in 2022. It is unclear how much government spending would entail for future tax breaks starting next year. Lee of Seoul National University said the law “will allow the experts to...