Seoul: President Yoon Suk Yeol on Thursday pledged to provide all possible resources to bolster the competitiveness of the nation's chip industry, saying that semiconductors are a strategic asset in the world's technology competition. Yoon made the remark during his congratulatory speech at the first Future Economic Forum hosted by Yonhap News Agency, South Korea's key newswire service, earlier in the day.According to Yonhap News Agency, in the message read by Wang Yun-jong, the third deputy national security adviser who oversees economic security issues, Yoon called on the research and academic sectors, along with companies, to "unite their innovative capabilities" to secure leading-edge technology. He also noted the increasing uncertainty for South Korean businesses amid the recent global shift underscored by the U.S. election and the rise of new technologies, like artificial intelligence.Yoon emphasized that the ability to go beyond the wave of uncertainty and stay ahead in this fierce competition for high-tech industries lies ultimately in technology. He added that the government will spare no effort to invest in advancing world-class technology and vowed active support in the semiconductor industry.The forum, held at Lotte Hotel under the main theme of "Post U.S. Presidential Election -- Heated Race for High-tech Supremacy," brought together over 400 government officials and experts.
- October 12, 2026
