Following the report by *The Korea Economic Daily*, the government announced a plan to lower the cost of securing funds for key companies such as semiconductor and artificial intelligence (AI) – core growth industries – in order to provide long‑term capacity that can withstand competition in the US–China technology rivalry. The plan involves cooperation with Korean banks and large financial institutions to enable small and medium‑sized enterprises to obtain necessary capital at lower interest rates.
A government official said, “This measure will reduce the R&D outlays of Korean companies and will be a great help for securing technical superiority in the global market.” He emphasized that lowering financing costs for mid‑size firms can lead to economic recovery and creation of high quality jobs. Companies in advanced technology fields such as semiconductor and AI are expected to increase project pace by reducing funding costs, enabling faster new product launches compared with overseas competitors.
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