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...
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...
In recent years, Chinese semiconductor companies have been actively recruiting talent from South Korea and making strategic acquisitions and investments, triggering concerns within...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
