Korea Bolstering Its Supplier Infrastructure

I’ve pointed out on several occasions that Korea has a weak supplier infrastructure even if it has become a high tech powerhouse.

Samsung and Hynix, the two top contenders in the memory sector, have agreed to use the semiconductor equipments developed by the Korean SMEs. They have imported five times more equipment from overseas. In the meantime, the Korean government is providing R&D funding for the equipments and promise to buy their products if SMEs meet the performance requirements.

Good seems to come out of the economic crisis.