Thanks to the clue provided by Diixx, a TapTechNews user! TapTechNews reported on May 12th that South Korea's Finance Minister, Hong Nam-ki, announced on the local time on the 12th that the country is preparing a plan to provide over 100 trillion Korean won (approximately 52.8 billion Chinese yuan) to strengthen the country's key semiconductor industry and prepare a comprehensive support plan for chip investment and research. The Korean Ministry of Finance stated that Hong Nam-ki said on the 10th at a meeting with local chip materials, components, and equipment manufacturers that the government is considering ways to provide funding for the plan to support the industry. Options include policy financing from the state-owned Korea Development Bank or a joint fund from public, private, and policy financing. South Korea also plans to build a super large-scale semiconductor cluster in the southern part of Seoul, claiming to be the world's largest high-tech complex of its kind. The local government has promised to provide tax incentives for relevant investments and hopes to win the war in the semiconductor industry. Similarly, earlier this month, the South Korean Ministry of Industry, Trade, and Resources announced that it will provide 9.7 trillion Korean won (approximately 51.216 billion Chinese yuan) in financial assistance to local electric vehicle battery manufacturers to establish a new supply chain compliant with US tax exemption rules to ensure the supply of key battery materials.