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flag South Korean presidential candidate pledges tax incentives to boost domestic semiconductor production.

flag South Korea's presidential candidate Lee Jae-myung pledges a 10% production tax credit for domestically made semiconductors if elected on June 3rd. flag This move aims to bolster South Korea's chip industry and protect supply chains, following similar actions by the U.S. under the CHIPS Act. flag Lee also plans to push for a "semiconductor special bill" to enhance industry competitiveness and support R&D in digital innovation and AI.

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