The South Korean government plans to boost investment to speed up the development of local semi-conductor materials and parts.
The decision was made at a meeting on Wednesday between the ruling Democratic Party,.... the government and presidential office,... to discuss the economic policy direction for the second half of 2019.
They said,.... through annual investments of about 8-hundred-50 million U.S. dollars,... they are looking to raise the country's competitiveness in the sector.
This comes after Japan said,... it's tightening exports on key chip materials to South Korea.
As for policies for the second half,... they said,... the focus will be improving people's livelihoods,... providing tax incentives to boost investment,... and measures to support the vulnerable.
They also called for the swift passage of the five-point-seven billion dollar extra budget bill,... saying they plan to use 70-percent of it within the first two months of implementation.