Seoul is setting up a 5 trillion won fund for chip materials, parts and equipment, aiming to loosen its reliance on foreign suppliers and shore up its own supply chain.

South Korea launches the Future Response Fund to channel semiconductor tax revenues into chips, AI data centers, and regional development as part

The government will also provide a further 5 trillion won in trade finance for suppliers, Presidential Chief of Staff Kang Hoon-sik told a press briefing after a meeting chaired…