The A-share semiconductor sector followed the South Korean stock market in rising, with the Science and Technology Innovation Semiconductor Equipment ETF up 8.57%.

BlockBeats News, June 29th. Monday morning, the A-share semiconductor sector once fell in line with Korean-related assets. The Korean KOSDAQ Index triggered a circuit breaker during intraday trading, with the maximum decline reaching 3.8%. Samsung Electronics and SK Hynix, the two major chip leaders, opened with a rapid plunge, but the decline was quickly interrupted by the news of a new round of expansion in the Korean memory chain.

In the afternoon, the Korean government announced its latest industrial plan. President Lee Jae-myung stated that Korea must expedite the construction of chip production facilities. The existing industrial parks have nearly reached their water resource and infrastructure limits. The focus in the future will be to expand semiconductor supply capacity through investment in the southwest region. According to the plan, Korea is expected to build four chip manufacturing plants in the southwest region with a total investment of approximately 80 trillion Korean won. In the next 15 years, Korea plans to invest at least 30 trillion Korean won in next-generation memory, edge AI, national defense, and other semiconductor fields.

Impacted by this news, the Korea Composite Stock Price Index (KOSPI) reversed from a decline to a rise in the afternoon. A-share related assets also rebounded simultaneously. Among them, the Sci-Tech Innovation Semiconductor Equipment ETF rose by 8.57%, Hua Hai Qingke surged by 19.01%, SMIC rose by 8.58%, Unisoc rose by 9.46%, Huahong Group rose by 11.30%, VeriSilicon rose by 9.06%, and Huafeng Test Control rose by 10.21%.