Financial regulator urges support for tech firms

Financial Services Commission Chairman Kim Byoung-hwan called for support for technology firms Tuesday. "The government and the entire financial sector must fully support the high-tech industry in ways in which the firms can actually feel the support in their line of work since the very future of our economy depends on securing the competitiveness of high-tech industries," Kim told a meeting with business leaders. "We will directly listen to the difficulties facing our businesses and continue working to come up with the most effective support measures," he added. The government launched support programs for semiconductor manufacturers and other tech businesses totaling 20 trillion won (US$14.6 billion) combined earlier in the year. Source: Yonhap News Agency