South Korea has announced a $23.25 billion support package for its semiconductor industry in response to potential US tariffs and Chinese competition. The comprehensive plan includes increasing financial assistance to 20 trillion won, offering subsidies for underground power transmission lines to chip hubs, and raising infrastructure funding in advanced industrial complexes from 30% to 50%. Home to industry giants Samsung Electronics and SK Hynix, South Korea's semiconductor exports contributed $141.9 billion to its total exports in 2024. The news boosted the Kospi index by 0.68%, with Samsung shares rising 1.07%.