The Korean construction industry is on edge due to the conflict between Israel and Iran and between Israel and Hamas, which has led to a decline in orders from the Middle East and concerns about lower profitability due to rising raw material prices. The Middle East is a big overseas market for Korea
China’s Alibaba Group, the parent company of AliExpress, which has been embroiled in controversy for selling knockoffs and distributing low-quality, unauthorized goods in Korea, is reportedly considering making a 100 billion won equity investment in Korean women’s fashion application Ably, causing a
Taiwan, a major hub for the world’s top semiconductor companies, has experienced a series of earthquakes, leading to temporary delays in semiconductor supply and potential price hikes.On April 23, the industry reported that over 50 aftershocks, ranging from magnitude 3.0 to 6.3, struck eastern Taiwa
As the final bid for the sale of Asiana Airlines’ cargo business approaches, attention is turning to the future owner. The acquisition is expected to amount to around 1 trillion won, including debt. Out of the four low-cost carriers (LCCs) that have entered the bidding, three are experiencing capita
Seoul is considering establishing an international school in the international financial center of Yeouido in Seoul. The idea is to create a comfortable environment for foreigners to live in Seoul in order to attract more overseas investment.The Seoul Metropolitan Government will launch a service to
Japanese NAND flash semiconductor manufacturer Kioxia is reportedly reigniting merger plans with Western Digital (WD), but SK hynix remains steadfast in its opposition.According to industry sources on April 18, including reports from the Yomiuri Shimbun, Kioxia may pursue a listing on the Tokyo Stoc
Tension was palpable in front of Samsung Electronics’ DSR Tower in Hwaseong, Gyeonggi Province at noon on April 17. It marked the first collective action in the history of Samsung, initiated by the National Samsung Electronics Union (National Samsung Union), with an event named “Gather 1,000.” The o
Samsung Electronics announced on April 15 that it is investing US$40 billion in its semiconductor factory in Taylor, Texas, which is more than double its initial plan of US$17 billion. The U.S. government has offered a higher subsidy ratio (16% or US$6.4 billion) compared to Intel and TSMC, and the
It has been more than a month since AliExpress received a voluntary agreement proposal from the Korea Consumer Agency (KCA) to block hazardous and harmful products but the agreement has not yet been signed yet. Recently, AliExpress has been caught selling deleterious products one after another and i
Much attention is paid to geopolitical risks in the Middle East, which have accounted for the largest share of overseas construction orders to Korean construction companies in the first quarter of this year.A total of 183 Korean construction companies won 171 orders in 63 countries around the world
Samsung Electronics is set to establish an advanced semiconductor complex in Taylor, Texas, in the U.S. The plan includes building state-of-the-art foundries for 2-nanometer (nm) process production and advanced packaging facilities to preempt the artificial intelligence (AI) semiconductor market.On
Earlier this month, the automotive electronics division of LG Electronics was fully deployed at Hyundai Motor Group's R&D heartland, the Namyang Research Institute in Hwaseong, Gyeonggi Province. This week, the management of LG Innotek is also scheduled to visit Hwaseong.According to industry source
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) escalated tensions in February by adding an additional six Chinese companies to its blacklist, following the earlier inclusion of eight companies. With these new additions, the Biden administration has now blacklisted a total of
As Western Digital, the world’s third-largest NAND flash company, formalized a price hike for solid state drives (SSDs) and hard disk drives (HDDs) in the first half of the year, Samsung Electronics and SK hynix’s NAND business is expected to switch to the black in the first quarter of 2024.Western
As the commercialization of all-solid-state batteries, often referred to as the “battery of dreams,” approaches, Korean battery materials companies are pumping up their efforts to build an ecosystem.According to industry sources on April 10, Samsung SDI recently started building a domestic supply ch
Amid astronomical subsidies being poured into the semiconductor industry by countries like the United States and Japan, the South Korean government has decided to explore domestic investment incentives. There’s speculation that discussions on ‘semiconductor subsidy cash support’ could materialize, g
SK hynix has announced it will begin mass production of its 6th generation (1c) 10nm (nanometer) class DRAM within the third quarter of this year, positioning itself ahead of Samsung Electronics, which has plans for mass production by the end of the year.Industry insiders revealed on April 8 that SK
In the span of 9 months, the number of South Korean users on the Chinese e-commerce platform TEMU has increased elevenfold. With the surge in user numbers, TEMU has been actively seeking to establish a South Korean corporation and is on the lookout for domestic advertising agencies to intensify its
The global automotive industry is at a crossroads with respect to supplying advanced semiconductors for autonomous driving. There are two options. One is to purchase and equip high-performance system-on-chip (SoC) semiconductors from Nvidia, which has a virtual monopoly on Level 3 and higher autonom
In the past 2-3 weeks, a shortage of enterprise solid-state drives (SSDs), a NAND flash memory product, has been observed. This is due to the AI boom and the subsequent construction of data centers by global big tech companies, with a particularly explosive increase in demand for storage devices nee