South Korea will use national fiscal funds to cover up to 100% of power, water
and related infrastructure costs for areas designated as semiconductor industry
clusters, under implementing rules of the Special Semiconductor Act. The rules
specify governance of the Special Committee on Semiconductor Industry
Competitiveness, cluster designation procedures and support measures,
talent-development programs, and operation of a dedicated
industry-competitiveness account. Central and local governments will jointly
finance industrial infrastructure at a minimum 50% share of project costs and up
to 100%. The government will also prioritise recruitment matching, local
specialist training and job re-skilling for semiconductor firms outside the
Seoul capital region.
