Held a Seminar to attract investment of Japanese semiconductor companies in Tokyo, Japan on December 5
Promote to strengthen the domestic semiconductor supply chain by attracting Japanese advanced materials, parts, and equipment companies

Ministry of Trade, Industry and Energy (Minister Ahn Duk-geun) and KOTRA (CEO & President Kang Kyung-sung) held a seminar to attract investment from Japanese semiconductor companies for about 100 officials from 80 Japanese semiconductor materials, parts, and equipment companies interested in entering the Korean market at Peninsular Hotel, Tokyo, Japan on December 5.

Japan is globally competitive in the fields of chemical materials, parts, and equipment, which are essential to semiconductor production. The market share of Japanese semiconductor parts, materials companies amount to 40 % (No1. in the world). The market share in the global semiconductor equipment industry is more than 30%, ranked 2nd only next to the US.

The Korean government has been putting concerted efforts to strengthen the domestic semiconductor industry ecosystem, with announcing a plan to create the world's largest semiconductor cluster early this year. However, the supply of materials, parts, and equipment produced in Korea is only around 30% in the domestic semiconductor industry, raising the need to strengthen advanced technology cooperation and increase supply chain stability by attracting global companies.

At the seminar, KOTRA gave presentation on the Korea's investment environment, while Japan's SMBC bank explained the current status of Japan's investment in Korea. It was followed by the presentation of Korea's semiconductor industry trends and investment opportunities by the Korea Semiconductor Industry Association, and officials from Daegu Metropolitan Government and Free Economic Zone Authority promoted investment environment of each region. Yulchon, a law firm, and Samjong KPMG presented investment tax reduction and investment attraction incentives offered for the Korean semiconductor industry.

After the Seminar, Daegu-si and Daegu FEZA conducted one-on-one investment consultations with companies participated in the Seminar. On December 6, Daegu-si, Gyeonggi FEZA, and KOTRA will visit the Japanese companies interested in investing in Korea to listen to their plans and actively attract their investment in Korea.

Commissioner Kim of KOTRA Invest KOREA said, "Recently, both the Korean and Japanese government have made great efforts to expand semiconductor markets and strengthen competitiveness," adding "With this IR event, we will do our best to raise the chances of Japanese semiconductor materials, parts, and equipment companies making investment in Korea."



Source: Invest KOREA (2024.12.06.)