en.Wedoany.com Reported - South Korea's Minister of Trade, Industry and Energy, Kim Jeong-gwan, stated on the 22nd that the country needs to build a new semiconductor industrial complex in addition to existing corporate sites. During a press conference held at the government Sejong Complex that day, Kim responded to questions from some companies regarding investments in semiconductor plants in South Jeolla Province and Gwangju, saying that to cope with the rapid expansion of the semiconductor market, it is necessary to seize the market as quickly as possible, and some of the already decided investments need to be accelerated. He did not disclose specific implementation plans but added that companies also believe the existing sites are insufficient and are continuously searching for new areas.
Regarding the Manufacturing Artificial Intelligence Transformation (M.AX), Kim pointed out that the project requires appropriate attention and speed management. He stated that while speed is important, certain steps cannot be rushed, and everything from data collection to linkage with AI companies and diffusion should be carried out at an appropriate pace. Kim emphasized that the top priority of industrial policy is M.AX, because without achieving M.AX, no industry can survive, grow, or sustain itself, and thus policy should be concentrated on this area.
Regarding the recent expansion of disputes over performance bonuses between the business and labor sectors, Kim argued that it is inappropriate to list them as a subject of dispute. He explained that contributors to operating profits include management, labor unions, and investors who bear risks, but the latter are often omitted from discussions. Worker participation is premised on wage guarantees, and compensation for investors should be established through an independent mechanism, separate from compensation for labor unions or management.
On the maximum price system for petroleum products, Kim said the government is considering the timing for its termination. He noted that the current oil price level has significantly decreased compared to before, providing grounds for lowering the maximum price, but at the same time, it is necessary to consider that the international oil premium has risen from the previous level of $0.5 to $20.
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