Geopolitical events
On August 24, 2026, the South Korean National Assembly ratified the "Semiconductor Resilience Act," a $35 billion strategic investment framework designed to fortify the domestic microchip ecosystem. The legislation introduces a 40% tax credit for advanced logic chip fabrication and establishes a "Sovereign Technology Fund" to secure critical mineral supply chains through new bilateral alliances in Central Asia. President Yoon Suk--yeol characterized the policy as a "foundational pillar for national economic security" amidst increasingly fragmented global trade corridors. This fiscal intervention is projected to catalyze significant private sector capital expenditure in the Gyeonggi Province semiconductor cluster.