00:02korea semiconductor talent just became a global bidding war foreign chip makers including lamb
00:09research micron asml and tokyo electron are offering korean engineers salaries above 100
00:16million won plus company stock that's on top of a projected global shortfall in semiconductor
00:22workforce heading toward 2030 separately hyundai steel says its new hpls electric furnace could
00:29generate 5 trillion won in annual revenue once fully operational it's tuesday september 8th let's
00:36take a look at a key development in korea's industry sector global chip makers are targeting korea
00:42specifically because of its deep pool of trained semiconductor engineers that competition is
00:47intensifying as the industry heads into a new capacity expansion cycle here's what the numbers
00:53show over 100 million won in salary that's what foreign chip makers including lamb research
00:59micron asml and tokyo electron are offering to recruit korean engineers these firms are also adding
01:07equity compensation on top of base salary to win talent away from korean chip makers separately
01:14hyundai steel ceo kim changjin said the company's hpls electric furnace could generate 5 trillion won in
01:22annual revenue once fully operational according to today's industry page so what does this mean
01:28for global supply chain managers watching korea's talent pipeline earlier we said foreign chip makers
01:34are offering over 100 million won plus stock to korean engineers here's what that actually means for you
01:41korea's chip sector now faces a retention problem layered on top of its usual competition with taiwan
01:47and the u.s which could slow domestic r and d timelines if key engineers leave that talent drain
01:54risk sits alongside separate capacity bets like hyundai steel's hpls furnace both of which depend on korea
02:01keeping its skilled workforce in place three things to watch first whether korean chip makers respond with
02:08matching salary and equity packages second how many korean engineers actually moved to foreign chip makers
02:15this year third progress on hyundai steel's hpls furnace toward full operational capacity that's today's ai prism
02:24industry daily this episode was produced with ai assistance based on sole economic daily reporting
02:30and reviewed by a human editor ai prism is a juan ifra award-winning series we'll be back tomorrow
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