South Korea

South Korea Backs AI, Chip Sectors With $7 Billion Pledge

Seoul is desperate to retain its world-leading role in semiconductors as AI takes chip development on to the next level

2 weeks ago

Samsung Poised For Nine-Fold Profit Jump Thanks to Chip Rebound

The key driver of the profit growth would be Samsung’s chip division, which is expected to report its first quarterly…

3 weeks ago

South Korea’s $313bn Loan Plan For Carbon-Cutting Projects

Five state financial institutions will provide loans to encourage companies to switch to low carbon production

1 month ago

As Korea Mulls Joining US Chip War, China Says ‘Don’t Give In’

The US has reportedly been pressing Seoul, since the second-half of 2023, to implement export curbs targeting chip supplies to…

1 month ago

TSMC, Samsung May Bag Billions in Subsidies for US Chip Fabs

The Joe Biden Administration is expected to begin handing out subsidies to top semiconductor companies in the coming weeks, according…

3 months ago

South Korea Warns Against Brokering US Bitcoin ETFs Locally

South Korea does not recognise cryptocurrencies as financial assets and has laws that effectively prohibit ETFs linked to virtual assets

3 months ago

Global Trade Shrinks on Red Sea Woes But China Bucks the Trend

A tanker was reportedly seized on Thursday by armed men near Oman and headed toward Iran; attacks on vessels near…

3 months ago

Hyundai Motor to Sell Russian Plant at $219 Million Loss

Many automakers have sold their assets in Russia for a nominal fee, but included buyback options that could one day…

4 months ago

Japan, South Korea Share Tech, Energy Tie-Up Ambitions

Concerns about a more aggressive China and the nuclear ambitions of North Korea have forced the two key nations to…

5 months ago

South Korea Green Lights Robots on Its Streets – Register

Seoul’s Ministry of Trade has urged its citizens to remain calm if they meet robots delivering parcels or on patrol…

5 months ago

South Korea to Ban Short-Selling Until June 2024 Starting Monday

The ban is aimed at promoting a "level playing field" for retail and institutional investors, South Korean financial authorities said

6 months ago

Schumer Demands ‘Level Playing Field’ For US Firms on China Trip

US Senate leader Chuck Schumer’s bipartisan congressional delegation hopes to meet Chinese President Xi Jinping, ahead of visits to South…

7 months ago