Korea passes tax break-driven 'Chips Act' as protectionism fears mount

Plus: Complains criteria for foreign companies to access US funding too strict. It's not a great sign, is it?

South Korea has passed legislation giving tax breaks to its semiconductor companies in a bill being labelled as the "Korean Chips Act." At the same time, the nation's trade minister repeated its complaints that the criteria for Korean companies to access US funding are unpalatable in a possible sign of growing protectionism in the worldwide chip market.…