SEOUL/GUANGZHOU -- South Korea's government is considering spending 1 trillion won ($850 million) a year to support domestic production of chipmaking equipment and materials, as Japan's tightened export controls underscore the risks of relying too heavily on a single country.
Seoul will soon announce a package to deal with the restrictions, Economy Minister Hong Nam-ki said Wednesday. While he gave no specifics, the plan is expected to center on deregulation and a supplementary budget to cover subsidies.
