K-Chips Act in limbo due to DPK's 'anti-biz' politicking
The competitive edge of the local chip industry will fall behind its global peers, as stunted by the blind push of the Democratic Party of Korea (DPK) against a bill introduced to foster the growth driver industry, according to market watchers, Tuesday. The main opposition party claims the bill is designed only to “cut taxes for the rich.” Further fueling concerns is Korea's weakening standing in the global chip market, as indicated by only three Korean firms making the list of the world's top 100 semiconductor powerhouses by market cap. They are Samsung Electronics, SK hynix and SK square...
Source: koreatimes.co.kr