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SOUTH KOREA: SK Fires Early Shots in Trade War over Semi-Conductors. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • Korea seeks to bolster its position in the semi-conductor global supply chain with a fiscal support package announced to the value of US10bn.
  • The finance ministry released details for the financial support in the form of loans, insurances and guarantees for domestic chipmakers.
  • As potential trade wars and tariffs erupt from the incoming new US president, this appears to be a protective measure by Korea to protect its position as a dominant global player in the semi-conductor space.
  • Exports that are technology heavy represent almost 30 percent of Korean exports.
  • With GDP growth uncertain, the government has been under increasing pressure to support growth going forward. 
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  • Korea seeks to bolster its position in the semi-conductor global supply chain with a fiscal support package announced to the value of US10bn.
  • The finance ministry released details for the financial support in the form of loans, insurances and guarantees for domestic chipmakers.
  • As potential trade wars and tariffs erupt from the incoming new US president, this appears to be a protective measure by Korea to protect its position as a dominant global player in the semi-conductor space.
  • Exports that are technology heavy represent almost 30 percent of Korean exports.
  • With GDP growth uncertain, the government has been under increasing pressure to support growth going forward.