U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida met with each other in Japan on May 23. In their joint statement, the two presidents gave concrete shape to bilateral cooperation in the fields of advanced semiconductor development, space development, economic security, etc.Accordin
U.S. President Joe Biden and South Korean President Yoon Suk-yeol stressed the importance of the two countries’ technology alliance all the way through their recent summit. In this regard, experts point out that South Korea needs to increase its investment in the AI chip industry, which is still in
South Korean defense companies are expected to enter the U.S. defense market, the largest in the world with an annual scale of more than 500 trillion won. This is because the conclusion of a reciprocal defense procurement (RDP) agreement between the United States and South Korea is going to be discu
South Korea and the United States officially declared their alliance in the nuclear power industry at the recent summit. Their cooperation is likely to revolve around advanced reactor and small modular reactor (SMR) development and export, based on the United States’ technologies and South Korea’s c
Hyundai Glovis announced on May 19 that it has recently established a subsidiary in Thailand to provide logistics services to local companies.The company launched Hyundai Glovis Logistics Thailand in cooperation with its two local partners. As Thailand limits the proportion of foreign investment in
South Korea and the United States are expected to expand their cooperation in the nuclear power industry through the summit on May 21. The cooperation is expected to revolve around small modular reactor (SMR) development and their high-level bilateral commission (HLBC) in the industry is expected to
The Bank of Korea and the Fed concluded a US$60 billion deal in the FIMA Repo Facility in December last year. Since then, the central bank of South Korea has never used the supplement to their bilateral currency swap agreement. The U.S. and South Korean governments are planning to discuss further fi
Qualcomm CEO Cristiano Amon is scheduled to accompany U.S. President Joe Biden, who will stay in South Korea from May 20 to 22 for summit talks with South Korean President Yoon Suk-yeol.The U.S. president and the CEO are likely to visit Samsung Electronics’ semiconductor plant in Pyeongtaek. Samsung
The South Korean government announced on May 16 that Presidents Joe Biden and Yoon Suk-yeol would discuss South Korea’s participation in the Indo-Pacific Economic Framework (IPEF) during their summit talks.At present, South Korea, Japan, Australia and New Zealand are being mentioned as potential mem
U.S. President Joe Biden is scheduled to stay in South Korea on May 20 to 22 and have a meeting with Samsung Electronics vice chairman Lee Jae-yong, SK Group chairman Chey Tae-won, Hyundai Motor Group chairman Chung Eui-sun and LG Group chairman Koo Kwang-mo.The U.S. president is likely to demand mo
The South Korean government has decided to join the U.S.-led Indo-Pacific Economic Framework (IPEF). The decision reflects Korea's intention to take a leading role in regional trade as an initial member of the framework.The official announcement is anticipated late this month, immediately after
Pulmuone, one of Korea’s leading companies for wholesome foods, has sponsored the Global Plant-Forward Culinary Summit 2022 hosted by the Culinary Institute of America (CIA), one of the world's leading food research institutions, to showcase its sustainable, plant-oriented foods made with its to
Hyundai Motor Co. has inaugurated Hyundai Motor Manufacturing Indonesia, its first factory in Southeast Asia, located in Deltamas industrial complex near Cikarang, Indonesia, 40 kilometers east of the capital city of Jakarta.A ceremony was held on March 16 at the plant with the attendance of Preside
India, the world’s fourth-largest car market, is courting Korean battery companies to establish local battery plants. The Indian government has consistently expressed its desire to attract investment from major Korean battery makers. It launched the Go Electric campaign in January 2021. The federal
Yeonsu-gu of Incheon hosted the 5th International Conference on Learning Cities (ICLC) at the Songdo Conventia from Oct. 27-30, with some 2,000 representatives and officials from 229 member cities of 64 countries attending.While the world's biggest lifelong learning festival ended about two mont
South Korea and Australia are planning to expand their cooperation in key mineral supply chains. In addition, they are going to work together in the field of clean hydrogen so that more of the clean future energy can be produced from Australia’s abundant renewable energy.The heads of the two states
The United States announced that it would form a new economic framework in the Indo-Pacific region early next year while organizing a new trade council with Japan. According to experts, both are to suppress the influence of China. The announcement was made the day after the first online summit betwe
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. The COP26 draft has been disclosed. Global countries will be asked to raise their targets for reducing greenhouse gas emissions (vs 2020 levels). China has pu
The Ministry of Trade, Industry and Energy had a video conference with the U.S. Department of Commerce on Oct. 25. There, they decided to open a new channel of dialogue for cooperation in the semiconductor industry.In addition, they agreed to expand their existing dialogue for industrial cooperation
Hyundai Motor Group chairman Chung Eui-sun has declared that he will target the Southeast Asian electric vehicle market in earnest. Currently, the Southeast Asian automobile market is dominated by Japanese brands, including Toyota. However, Chung said he would turn the tables through a massive offen