South Korea's KRW500B SiC push stalls as low returns deter major companies

South Korea's 500 billion KRW SiC power semiconductor initiative stalls due to lack of major industry participation, highlighting a disconnect between policy push and market-driven momentum. Upstream material and equipment vendors will face weak demand, while midstream foundries and packaging firms may delay capacity expansion. Without key players, the entire ecosystem lacks commercial synergy. Regulatory risks intensify if subsidies or tax incentives are insufficient, prompting companies to reallocate resources toward more profitable markets. Competitors in Japan and China Taiwan, already with established tech loops, may seize market share. Over the next 12 to 24 months, if Korea fails to implement effective incentives, its SiC policy may become symbolic, missing the global power semiconductor transformation window.