Korea assigns a record support for the semiconductors of approximately 19 billion dollars

South Korea has unveiled a $ 19 billion incentive package to strengthen the chips sector, in a strong boost for the Samsung Electronics and Sk Hynix, which remains at the top of the sector in which the competition is increasingly raging. The Korean presidential office said through a statement that the program amounting to 26 trillion was won 17 trillion financial support for specific investments, in addition to tax incentives. The total was won more than twice the amount of 10 billion, which was proposed less than two weeks ago by the Minister of Finance. The effect of Korean incentives on the shares after the new incentive package was announced, Samsung’s shares compensated for their previous losses and yielded up to 1.4% on the Seoul Stock Exchange. The shares of other semiconductors in Asia also climbed to the very powerful profits of “Invidia”. The “SK Hynix” shares strengthened their profits in the morning session and climbed about 3% after this news. The standard incentive program comes following the invitations that demanded the support of the local slide sector in Korea, where governments, such as the United States and China, spend billions of dollars to attract and support manufacturing projects by companies such as “Taiwan Simonokind Manovakchoring”. South Korea is the largest producer of memory chips in the world. Often, the country chose to lead investment efforts by unleashing large business blocks in the private sector, such as “Samsung” and “SK Hynix”. But the Korean government is currently playing a more powerful role and has led plans to create a group of giant disc factories located outside the capital.