Establishing a special committee directly under the President’s office, with the President serving as the chairperson
Government and local governments to directly establish power and water infrastructure
Mandatory incorporation of basic plans for power supply related to the semiconductor industry,
Rep. Go Dong-jin of the People Power Party is submitting a special bill to enhance the competitiveness of the semiconductor industry at the National Assembly in Yeouido, Seoul on the morning of the 19th. News1,
, ‘[Seoul Economy] ‘,
,
, “On the 19th, Rep. Go Dong-jin, a former Samsung Electronics CEO and member of the People Power Party, proposed a ‘Special Law to Strengthen the Competitiveness of the Semiconductor Industry’ to allow the government to formulate and support semiconductor industry strategies at the national level through the establishment of a presidential task force.”,
,
, “The bill includes the establishment of a ‘Special Committee for Strengthening the Competitiveness of the Semiconductor Industry’ directly under the President to △centralize semiconductor industry regulations △introduce fast-track approvals △quickly support the establishment of power and water infrastructure as part of government responsibility △formulate a ‘Semiconductor Industry Competitiveness Enhancement Plan’ every five years △designate and implement semiconductor clusters △provide subsidies for production facilities and infrastructure. The President is expected to directly lead the committee as its chairperson.”,
,
, “If the bill is passed, the national and local governments will proactively install industrial infrastructure for power, water supply, and more to facilitate the smooth operation of semiconductor clusters, bearing the associated costs. Furthermore, to ensure a stable power supply, the government must mandatorily incorporate provisions related to the installation and expansion of the national power grid for the semiconductor industry in the ‘Basic Power Supply Plan.'”,
,
, “The government will also attract and nurture domestic and foreign talent for semiconductor design and research and development, and establish the ‘National Semiconductor Industry Promotion Center’ and ‘Semiconductor Industry Special Account’ to effectively promote research and development support programs needed for the advancement of the semiconductor industry.”,
,
, “Support for semiconductor industry research and development costs, workforce development expenses, investment in commercialization and research and development facilities and equipment will be provided through tax deductions from corporate income tax without a sunset period.”,
,
, “Rep. Go, who aims for the bill to pass during the regular session of the National Assembly in September, stated, “The semiconductor industry is not only a key driving force of the national economy but also a crucial strategic asset directly linked to national security. We must all come together as a unified team, including the government, to engage in an all-out struggle in the semiconductor war that will determine the fate of our country.””,
,
, “Regarding the possibility of cooperation from the opposition parties, he mentioned, “There seems to be little chance of contention over semiconductors at the moment” and added, “Since there is still time, we have prepared with a long-term view. I think there will be opportunities to officially discuss with Democratic Party members along the way.””,
,