Politics · South Korea · 4 hrs ago
South Korea creates semiconductor task force and India trade office
South Korea’s industry ministry is creating a senior-level semiconductor task force to support major projects and strengthen the industry’s competitiveness.
The cabinet approved the changes on October 13, and they take effect on October 20.
The new team will handle semiconductor policy, advanced chip competitiveness and support for the industry’s supply chain, including materials, parts and equipment.
It will also help move forward major projects, including a planned semiconductor cluster in the country’s southwest, and carry out duties under a new semiconductor support law.
A separate office will focus on trade and industrial cooperation with India, including investment and support for South Korean businesses operating there.
The India office responds to expanded cooperation following a leaders’ meeting in April, while the new teams are intended to turn government plans into practical support for companies.
South Korea’s Ministry of Trade, Industry and Energy is creating a semiconductor task force and an India trade cooperation division.
The cabinet approved the ministry’s revised organisational rules on October 13, and they are due to take effect on October 20.
The semiconductor unit will support major projects, strengthen industry competitiveness and carry out duties under the semiconductor special law.
The India division will promote industrial and investment cooperation and help South Korean companies expand in India.
- Who
- South Korea’s Ministry of Trade, Industry and Energy.
- What
- It is creating a semiconductor task force and an India trade cooperation division.
- When
- The cabinet approved the changes on October 13, 2026. They are due to take effect on October 20.
- Where
- South Korea’s Ministry of Trade, Industry and Energy.
- Why
- To support semiconductor projects and competitiveness, and to advance cooperation with India.
This story does not have two clearly opposing sides.
A South Korea-India summit led to expanded cooperation tasks between the two countries.
The cabinet approved changes to the ministry’s organisational rules, including the creation of the two units.
The revised organisational rules are due to take effect.
- Semiconductor unit
- Semiconductor Innovation Growth Support Group
- India unit
- India Trade Cooperation Division
- Semiconductor teams
- Semiconductor Policy Division, Advanced Semiconductor Division and Semiconductor Ecosystem Division
- Effective date
- October 20, 2026
- India cooperation
- Industrial and investment cooperation, renewed CEPA improvement talks and energy and resource security cooperation
What people are saying
Amid intensifying competition for semiconductor supremacy, through the Semiconductor Innovation Growth Support Group we will support companies’ investments and technological innovation, including mega-projects, and further strengthen our semiconductor competitiveness.
We will turn the momentum for cooperation created at the summit into tangible results for our companies, with the India Trade Cooperation Division at the center.
Sources
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