South Korea has taken a major step forward in its semiconductor ambitions with the completion of its first 8‑inch silicon carbide (SiC) power semiconductor plant in Busan. On September 17, 2025, the Busan Metropolitan Government and IQ Lab Co. Ltd. held a ceremony to officially inaugurate the IQ Lab headquarters and production facility in Jangan‑eup, Gijang‑gun. https://www.coherentmarketinsights.com/news/south-korea-introduced-first-8-inch-sic-plant-in-busan-1540