South Korea has announced a 26 trillion won ($19 billion) support package for its semiconductor sector. What Happened: The package, revealed by President Yoon Suk Yeol, includes a 17 trillion won ($12 billion) financial support program via the state-run Korea Development Bank to encourage large-scale investments by semiconductor firms, Reuters reported on Thursday. Additionally, a 1 trillion won ($733 million) fund will be established to aid equipment manufacturers and fabless companies, which design but do not manufacture chips. Yoon also directed the industry ministry to develop innovative s…