South Korea to Cover 100% of Semiconductor Cluster Infrastructure Costs

Seoul mandates full fiscal coverage for semiconductor cluster infrastructure, establishing special committees and talent support frameworks under the Semiconductor Special Act.

Woofun AI reports that the South Korean government will utilize national fiscal funds to cover up to 100% of infrastructure construction costs, including electricity and water resources, for designated semiconductor industry clusters. This policy implements detailed rules authorized by the "Semiconductor Special Act," covering the strengthening of the Semiconductor Industry Competitiveness Special Committee, cluster designation procedures, talent development support, and the management of the Semiconductor Industry Competitiveness Special Account.

Under these regulations, central and local governments share the burden for industrial infrastructure construction and operation, with contribution ratios ranging from a minimum of 50% to a maximum of 100% of total project costs.

Additionally, the government may prioritize support for semiconductor companies recruiting talent outside the capital area, as well as initiatives for local professional talent development and job transition training.