In a meeting with economic policymakers and business leaders on Wednesday, South Korean President Yoon Suk Yeol described technology industries as the country's “key economic growth engines and security and strategic assets that are also directly linked to job creation and livelihoods." “(South Korea) has world-class manufacturing capabilities and technologies in various high-tech industries such as semiconductors, secondary batteries, and displays, but (government) support and regulatory conditions have been insufficient,” the Trade Ministry said in a statement.