South Korea's Ministry of Trade, Industry and Energy launched a 130 billion won support fund on Tuesday that will invest in domestic facility investments in high-technology industries such as semiconductors.

The fund will aim to support 30% to 50% of domestic investment by small- and medium-sized enterprises. The investment is expected to support 30 companies, taking into consideration the government support limit, which is 15 billion won per building and 20 billion won per company, the trade ministry said in a Tuesday release.