Wednesday 29 November 2023
Quantum collaboration between South Korea and the UK gains momentum
With the recent signing of the new Downing Street Accord by South Korean President Yoon Suk-yeol and British Prime Minister Rishi Sunak, both countries are poised for a new era of...
Thursday 23 November 2023
Chemtronics to expand EUV photoresist material production in South Korea
Chemtronics, a wholly owned subsidiary of Illinois Tool Works Inc., announced an investment of KRW17 billion (US$13.08 million) to expand its capacity of ultra-high concentration...
Tuesday 21 November 2023
China's aggressive poaching of South Korea's semiconductor talents and resources raises alarm
In recent years, Chinese semiconductor companies have been actively recruiting talent from South Korea and making strategic acquisitions and investments, triggering concerns within...
Tuesday 24 October 2023
Detroit and Korea's $28 billion battery bets risk going sideways
Weeks of tense bargaining around Detroit are making battery manufacturers some 6,600 miles (10,600 kilometers) away nervous.
Thursday 19 October 2023
South Korea K-Network 2030 Strategy (Part 3)


Monday 16 October 2023
South Korea semiconductor exports approach 11-month high thanks to memory and EVs
South Korea's economic backbone, its exports, is displaying promising signs, injecting much-needed vitality into its sluggish economy. Analysts are pointing to the combined factors...
Wednesday 27 September 2023
South Korea sharply cuts R&D budget for 2024, with 1,200 new researchers likely to be axed
The South Korean government has unveiled a substantial 16.6% reduction or KRW5.2 trillion (US$3.89 billion) in research and development (R&D) spending in its budget proposal for...
Tuesday 26 September 2023
Hyundai, Kia to cut EV prices in South Korea as demand slows
Hyundai Motor Co. and Kia Corp. plan to slash the prices of some electric vehicles as the South Korean government expanded subsidies in a bid to boost flagging demand for clean car...
Tuesday 26 September 2023
South Korea to invest KRW2.2 trillion in building advanced industry clusters
The South Korean government plans to invest KRW2.2 trillion (US$1.66 billion) in the next five years to strengthen the competitiveness of cutting-edge industries such as semiconductors,...
Friday 22 September 2023
South Korea to spend US$360 million on domestic LEO satellite network
In the face of overseas low Earth orbit (LEO) satellite communication services like StarLink and OneWeb soon available in South Korea, the South Korean government has unveiled a blueprint...
Thursday 14 September 2023
Global fab equipment spending to return to growth in 2024
In 2023, global spending on fab equipment for front-end facilities is projected to decrease by 15% before rebounding with a 15% year-over-year increase in 2024, according to a recent...
Thursday 7 September 2023
South Korea focuses on domestic production of materials and components, despite rare R&D budget cuts
The South Korean Ministry of Trade, Industry, and Energy (MOTIE) has allocated a budget of KRW11.22 trillion (approximately US$84.9 billion) for the year 2024. Based on President...
Wednesday 6 September 2023
Corning said to build bendable glass plant in South Korea, targeting mobile, automotive apps
US-based specialty glass supplier Corning reportedly plans to invest KRW 2 trillion (US$1.5 billion) to set up a bendable glass manufacturing plant in South Korea, targeting immense...
Thursday 31 August 2023
South Korean battery makers could hardly recoup investments in US despite IRA grants
Driven by significant grants under the US Inflation Reduction Act (IRA), South Korean battery makers LGES, SK On, and Samsung SDI have expanded their production investments in North...
Wednesday 30 August 2023
BYD reportedly to set up EV battery plant in Korea
BYD is reportedly in talks with KG Mobility (KGM), South Korea's fourth-largest car maker, to jointly set up an electric vehicle (EV) battery plant in South Korea that is expected...