FBI, South Korea warn of Gunra ransomware gang targeting critical infrastructure
The Gunra ransomware gang is breaching critical infrastructure organizations through vulnerabilities in popular brands of firewalls, the FBI and South Korea’s government warned.
South Korea announced on Monday a five trillion won (US$3.52 billion) semiconductor fund aimed at boosting the development of chip materials, components, equipment, and fabless companies. This initiative is part of the government's semiconductor megaproject plan, which involves collaborations between major manufacturers like Samsung Electronics and SK Hynix, as well as suppliers and local governments.
In addition to the semiconductor fund, the government will allocate a further 5 trillion won in trade finance to support suppliers. President Lee Jae Myung chaired the meeting, which focused on accelerating the development of new chip manufacturing hubs throughout the country. The measures aim to complement the semiconductor megaproject initiative, which was unveiled in June and has already attracted over US$576 billion in investments from Samsung Electronics, SK Hynix, and other stakeholders.
The government plans to create a ten-year, one trillion won program to foster cooperation between large companies and smaller suppliers in semiconductor development, testing, and production. Furthermore, a new Mega Special Zone Act will be proposed to expedite the permitting process, environmental reviews, and infrastructure construction for semiconductor projects.
This effort will be bolstered by the relocation of military functions from a Gwangju air base to a designated 8.3 million-square-meter site, scheduled for completion by mid-2028.
Power and water supplies for semiconductors projects in the southwestern Gwangju-South Jeolla region will be secured via a plan to provide 650,000 metric tons of water daily by 2030 using recycled wastewater and water from nearby dams. Meanwhile, Yongin, a flagship chip manufacturing site south of Seoul, will receive 14.7 gigawatts of electricity by 2041, generated through a mix of cogeneration facilities, LNG generation, and power imports from other regions.
The Lee administration views expanding semiconductor production capacity as a crucial component of its industrial strategy, given the rapidly increasing demand for AI-driven technologies. The government is confident that the new initiatives will help meet this demand, which currently exceeds the capacity of existing production bases in Yongin and Pyeongtaek.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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