The conglomerate will look at options from mergers to divestments as it seeks to manage its many subsidiaries and bloated main businesses weighing on its finances

Beijing has warned that Washington's efforts to further deepen ties with Seoul and Tokyo could stoke tensions in the region

The package is part of President Yoon Suk Yeol’s pledge to pour all possible resources into winning the "war" in chips

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

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

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

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

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

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

A tanker was reportedly seized on Thursday by armed men near Oman and headed toward Iran; attacks on vessels near the Red Sea are taking a toll on global commerce.

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

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