A Support Package (26 Trillion Won) for Chip Industry to be Implemented - The 2nd Economic Issue Review Meeting (5.23) Korean government will provide expanded financial support to bolster all aspects of the domestic semiconductor ecosystem, ranging from manufacturing facilities, fabless and material-parts-equipment to human resources. ㅇ Financial Support (18.1 trillion won+a) 1) Establish a new 17 trillion won loan program at preferential interest rates 2) Scale up the semiconductor ecosystem fund (current 300 billion won → 1.1 trillion won) ㅇ Infrastructure Support (2.5 trillion won+a) 1) Bolster support for roads, water supply, and electricity for the rapid launch of the semiconductor mega-cluster ㅇ Tax Support 1) Extend the applicable period for the national strategic technology tax credits 2) Expand the scope of R&D tax credits ㅇ R&D and Human Resources Support (5 trillion won+a) 1) Promote new R&D projects related to advanced packaging, mini-fabs, ect. 2) Foster professionals to meet the needs of the industry *A more detailed support plan will be unveiled in June