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Industry

Moving fabs alone may not make South Korea\'s semiconductor relocation work, MPE ecosystem key

South Korea is pushing to disperse its semiconductor production base beyond the capital area, but simply moving fabs may deliver limited results, industry voices say. The government plans to allocate over 40 percent of its National Growth Fund to non-capital regions and offer special subsidies to relocating materials, parts and equipment firms. Officials also aim to build regional specialisation, but supply-chain depth, engineers’ response times, power costs and local settlement conditions are seen as decisive.

Finance

Hana Financial Group to back industrial park tenants with 50 billion won new growth fund

Hana Financial Group plans to create a 50 billion won fund to support technology innovation and shifts into new industries by companies located in industrial parks. It will also provide ESG management consulting, support for obtaining domestic and overseas certifications, export expansion and industrial park infrastructure investment. Hana Financial said it signed an agreement with three organisations to jointly 추진 a “K-Industrial Complex New Growth Project” aimed at innovative growth and regional economic revitalisation.