‘No time to divide chip profits’: Industry minister

South Korea should resist calls to redistribute the record profits of Samsung Electronics and SK hynix beyond the taxes they already pay, Industry Minister Kim Jung-kwan said Thursday, warning that Korea could begin losing its grip on the global memory market within a year unless investment accelerates. “The government’s share should end with taxes,” Kim said at a debate hosted by the Kwanhun Club, a senior journalists' association, in Seoul. “Semiconductors are the only strategic asset Korea ha