SEOUL, Dec. 19 (Korea Bizwire) – South Korean industry and academia have proposed creating a “KSMC” (Korea Semiconductor Manufacturing Company), modeled after Taiwan’s TSMC, to address challenges facing the nation’s semiconductor industry. Experts estimate that a KRW 20 trillion ($13.9 billion) investment in KSMC could generate KRW 300 trillion ($208.7 billion) in economic benefits by 2045. “KSMC, launched with government support, could play a similar role in Korea.”Concerns were raised about whether a public corporation like KSMC could handle advanced processes. Proposed solutions included strengthening the semiconductor ecosystem, increasing R&D investment, and implementing policies to attract and retain talent. The Semiconductor Industry Association’s Ahn Ki-hyun emphasized the urgency of timely investments, advocating for KRW 300 trillion ($208.7 billion) in government support—via subsidies and tax credits—by 2047 to sustain Korea’s semiconductor leadership.