The United States and China are ramping up their competition over South Korean semiconductors. Following China's sanctions on U.S. semiconductor firm Micron, the two nations are locked in a struggle to fill the resulting gap. China, which had previously launched harsh criticisms such as “playing
The Korea Institute for Industrial Economics & Trade (KIET), a government-run research institute under the Korean Prime Minister’s Office, has concluded that export-led growth is virtually over in the Korean economy.Korea posted an export growth rate of 2.8 percent over the past decade (2013-2022) a
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.With the complexity and cost of semicon chip design continuing to increase, demand for semiconductor IP is on the rise. Openedges provides integrated IP solutions that combine NPUs and memory
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s CEO, Jaeyong Ahn presented methods for equitable access of vaccine in the world at the Regionalized Vaccine Manufacturing Collaborative (RVMC) Side
Shinhan Financial Group has revealed it has entered into a sponsorship agreement with the United Nations Environment Programme (UNEP). The deal, signed on May 23 at the Conrad Hotel in Yeouido, Seoul, is intended to advance sustainable finance within the Asia-Pacific region.Since 2008, Shinhan Finan
The U.S. Department of Justice (DOJ), which is reviewing the merger and acquisition (M&A) of Korean Air and Asiana Airlines, has indicated to Korean Air that it will be challenging to approve the merger without a competitor comparable to Asiana.According to sources in the aviation industry and inves
Korea’s display industry led by Samsung Display and LG Display will invest more than 65 trillion won in order to recapture the No. 1 spot in the market share standings in the global display market from China by 2027. The plan is to increase the global market share to 50 percent in 2027, widen its te
Huawei kicked off its Asia Pacific Partners Conference 2023 in Shenzhen, bringing together over 1,200 of its partners from more than 10 countries and regions to explore ways to seek new growth and win the future. Huawei also hosted an APAC partners alliance launch ceremony during the event.Asia-Paci
Samsung Electronics will establish a semiconductor research and development (R&D) center in Japan. The move is seen as a strategy to shorten R&D time through close cooperation with Japan’s leading material, parts, and equipment companies.Samsung Electronics is considering investing 30 billion yen (a
Despite POSCO investing more than 1 trillion won (US$757 million) over five years since 2017 in environmental improvement costs to reduce air pollutants, the amount of dust containing carcinogens has been increasing every year.According to the results of automatic chimney emission measurements by Ko
On May 3, the Federation of Korean Industries (FKI) released a report suggesting that South Korea and the United States should strengthen cooperation in the nuclear power export market dominated by Russia and China, including building a supply chain together.According to the report titled “Korea-U.S
President Yoon Suk-yeol and Vice President Kamala Harris met at the NASA Goddard Space Flight Center on April 25. There, NASA Deputy Administrator Pam Melroy and Science and ICT Minister Lee Jong-ho signed a joint statement for cooperation in fields including space science and exploration.The South
As Samsung Electronics has considered changing the default search engine for Galaxy smartphones from Google to Microsoft (MS), a crack has appeared in a 12-year-long relationship between Samsung Electronics and Google. Under these circumstances, as the launch of Google’s first foldable smartphone is
Hyundai Motor Company, Kia Corp., and Hyundai Mobis approved a proposal to establish a North American joint battery cell venture with SK On in a regular board meeting. This formalizes the establishment of a joint venture following the signing of a business agreement between Hyundai Motor Group and S
The annual bilateral trade between the United States and South Korea is expected to exceed US$200 billion for the first time in history this year.The Korea International Trade Association announced on April 24 that South Korea’s exports to and imports from the United States totaled US$26.9 billion a
SK Telecom announced on April 20 that it will help restore the communication network in Türkiye by providing communication equipment to the earthquake-hit country in February.SK Telecom received a request for communication equipment from Turkcell, the largest telecommunications company in Türkiye, t
The implementation of the Inflation Reduction Act (IRA) has been fueling market competition between Korea and Japan over the U.S. electric vehicle battery market.Japan's Panasonic is considering investing around US$5 billion (about 6.5 trillion won) to build a third electric vehicle battery plan
Two out of three South Koreans believe that the ROK-U.S. alliance has been the foundation of Korea’s economic growth.The Federation of Korean Industries (FKI) announced on April 16 the results of a survey commemorating the 70th anniversary of the ROK-U.S. alliance. The survey was conducted on 1,004
According to China’s state-run Xinhua News Agency on April 13, President Xi visited LG Display’s factory and the R&D center for electric vehicle Aion under China’s Guangzhou Automobile Group (GAC) as part of a tour of Guangzhou in Guangdong Province of China on April 12.The Chinese political leaders
The Japanese government announced on March 31 that a semiconductor manufacturing equipment export ban would be implemented in July. The ban will be applied to 23 types of equipment used for advanced chip manufacturing. Although targets were not specified, it is highly likely that the ban is to isola