Industrial Policy
Korea K-Chips Act
South Korea's K-Chips Act, expanded in February 2025, raises tax credits on semiconductor facility investment to 20% for large firms and 30% for SMEs, part of a broader roughly KRW 340 trillion ($255 billion) national semiconductor investment roadmap. The strategy aims to keep Samsung Electronics and SK hynix — which together produce roughly two-thirds of the world's memory chips — globally competitive against US, EU, and Chinese subsidy programs.
Sources
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Evidence
2 sources · 67% avg. source confidence
- DIGITIMES — South Korea's Lee proposes 10% tax credit for domestic chip production68% source confidence
- Yahoo Finance — South Korea eyes $65 billion chip tax windfall fund65% source confidence
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The Story So Far
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Korea K-Chips Act's Timeline
A sourced, dated history of Korea K-Chips Act's key moments — founding to present.
Feb 2025 · K-Chips Act expanded
South Korea's National Assembly passed an expanded K-Chips Act, raising the facility-investment tax credit to 20% for large enterprises and 30% for SMEs, up from 15% and 25% respectively.
Jan 2026 · KRW 340 trillion investment roadmap
Korea unveiled a roughly KRW 340 trillion (about $255 billion) semiconductor investment roadmap, with total related private investment commitments from Samsung and SK hynix estimated near $880 billion.