Other measures include introducing training and research programs for domestic master's and doctoral students as well as global joint research programs for foreign talent.
South Korea is home to some of the world's top chipmakers, including Samsung Electronics and SK Hynix, with semiconductors a key export of the country.
On Tuesday, the South Korean Kospi was up 0.68%, with Samsung climbing 1.07% and SK Hynix up 0.17%.
In 2024, South Korea's exports of semiconductors stood at $141.9 billion, just over 20% of the country's $683.6 billion exports.