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Tuesday, 11 August 2026 Reading Room
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The reason for the recent surge in public support for promoting the late Lee Sang-ryong's official honors is because of his low official grade. Lee Sang-ryong was the representative of the Provisional Government of the Republic of Korea. Despite his prominent role in the country's struggle for independence from Japan, he was only given the third-class honor of "Taegeuk Order of Merit for National Foundation". Many people feel that this is an injustice, given that other key leaders of the independence movement, such as Syngman Rhee and Kim Gu, were awarded higher grades. The campaign to promote Lee's official honors has gained momentum, with many Koreans calling for a reevaluation of his contributions to the country's history. The issue has sparked a heated debate about how to properly recognize and honor the country's independence heroes. The government has yet to respond to the growing calls for a promotion of Lee's official honors.

·hani.co.kr

China's semiconductor industry is rapidly catching up. There are three key factors behind its ultra-high-speed growth. China's semiconductor industry has achieved remarkable growth over the past decade, with its market size increasing from 65.4 billion yuan in 2012 to 359.9 billion yuan in 2021, at a compound annual growth rate of 17.5 percent. The growth rate far exceeds the global average of 7.4 percent during the same period. The domestic semiconductor industry has also made significant progress in technology development. In 2020, China's 28nm process technology, which is considered a mid-to-high-end level, reached mass production. The country's chip design sector has also seen rapid growth, with the number of design companies increasing from 542 in 2012 to 2,218 in 2021. China's semiconductor industry has grown rapidly due to three major factors. First, the Chinese government has provided strong policy support. Since 2014, China has launched a series of policies to support the development of the semiconductor industry. These include the "Made in China 2025" plan, the "Semiconductor Industry Development Plan (2014-2020)", and the "Special Fund for the Development of the Integrated Circuit Industry". These policies have provided significant financial support, with the total investment estimated to be over 300 billion yuan. Second, China has made significant investments in research and development. In 2020, China's semiconductor industry invested 17.5 billion yuan in research and development, accounting for 5.5 percent of its sales revenue. This is significantly higher than the global average of 2.5 percent. Third, China's semiconductor industry has a large and growing market. China is the world's largest consumer of semiconductors, accounting for over 30 percent of global demand. This has provided a huge market for domestic semiconductor companies to grow and develop. China's rapid growth in the semiconductor industry has significant implications for the global industry. It is expected that China's semiconductor market will continue to grow rapidly, driven by the increasing demand for chips in 5G, artificial intelligence, and other emerging technologies. However, the industry also faces challenges, including a shortage of talent and a lack of core technologies. Despite these challenges, China's semiconductor industry is expected to continue to grow rapidly, driven by strong policy support, significant investments in research and development, and a large and growing market.

·hani.co.kr

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