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In South Korea, the semiconductor industry has continued to grow since the 1980s due to the heavy use of semiconductors in computers and other devices. South Korea held a 17.7 percent share in the global semiconductor market in 2022, and continued to be the second largest in the world for the 10th consecutive year since 2013. [1]
The Employment Permit System was enacted on 17 August 2004. The existing industrial trainee system was implemented in parallel with the Employment Permit System until 2006, and was incorporated into the Employment Permit System from 1 January 2007. It is possible to extend the employment permit system up to three years with the principle of one ...
The National Samsung Electronics Union asked all of its members to take a PTO day on June 7, 2024, in the first-ever labor strike at the Samsung conglomerate in its 55-year history. [20] Industry experts predict that a full-scale strike would have wide-reaching economic impacts and global supply-chain issues. [ 21 ]
Wartime history and a global health crisis is pushing South Korea and Samsung to become self-reliant on the parts its high-tech sector needs to thrive. The government has teamed up with its ...
South Korea's share of the global fabless sector, which is dominated by companies like U.S. giant Nvidia that design chips but outsource manufacturing, stood at about 1%, Yoon's office said.
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Yoon has set a target for South Korea to become one of the top three countries in AI technology including chips, and take a 10% or more share of the global system semiconductor market by 2030.
The Korea Fair Trade Commission (KFTC) is South Korea's regulatory authority for economic competition. It was established in 1981 within the Economic Planning Board. The establishing law was the Monopoly Regulation and Fair Trade Act (MRFTA), Law No. 3320, December 31, 1980.