South Korea plans to launch a $3.5 billion chip fund and allocate 5 trillion won in trade finance to accelerate semiconductor hub development, officials announced Monday.

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…