The South Korean government plans to boost investment to speed up the development of local semi-conductor materials and parts.<br />The decision was made at a meeting Wednesday between the ruling Democratic Party, the government and presidential office,... to discuss the economic policy direction for the second half of 2019.<br />They said through annual investments of about 850 million U.S. dollars,... they are seeking to raise the country's competitiveness in the sector.<br />This comes after Japan said it's tightening exports on key chip materials to South Korea.<br />As for policies for the second half,... they said the focus will be improving people's livelihoods,... providing tax incentives to boost investment,... and measures to support the vulnerable.<br />They also called for the swift passage of the five-point-seven billion dollar extra budget bill,... saying they plan to use 70-percent of it within the first two months of implementation.<br />
