Samsung Electronics plans to increase its semiconductor investment in Taylor, Texas, to US$44 billion, as reported by The Wall Street Journal (WSJ) on the April 5 (local time). Two years ago, Samsung announced a US$17 billion investment in the same area to build a state-of-the-art semiconductor manu
With the global surge in artificial intelligence (AI) prompting major tech companies like Apple to consider incorporating next-generation glass substrates in semiconductor processes, South Korean conglomerates including SKC, Samsung Electro-Mechanics, and LG Innotek have joined the fray, heralding a
With the amendment of the Export-Import Bank of Korea Act, the legal capital limit for the Export-Import Bank of Korea (Korea Eximbank) has significantly increased. However, there is a discrepancy between the government and industry regarding how and how much the government will invest in Korea Exim
LG Energy Solution is investing 7.2 trillion won to build a battery production plant in Arizona in the U.S. This investment represents the largest single battery plant investment in history. Despite concerns about a “chasm” in the electric vehicle market, which refers to a temporary slowdown in mass
SK hynix is planning to invest 5.2 trillion won to establish a next-generation high bandwidth memory (HBM) semiconductor production facility for artificial intelligence (AI) in Indiana in the U.S. This venture represents the company’s first HBM production plant abroad, with mass production slated to
Korea’s shipbuilding order intake surpassed China’s for the first time in three years in the first quarter of 2024.The Korean Ministry of Trade, Industry and Energy (MOTIE) announced that shipbuilding orders in the first quarter of this year totaled US$13.6 billion, surpassing China’s US$12.6 billio
Samsung E&A (formerly known as Samsung Engineering) has announced its first overseas order from Saudi Arabia after changing its name.Samsung E&A announced on April 3 that it held a signing ceremony with Saudi Arabia’s national oil company Aramco for the Fadhili Gas Increment Program’s Packages 1 and
Hyundai Engineering announced on April 3 that it has signed a business agreement with Trimble Solutions Korea to collaborate on the development of a building information model (BIM) process management program.BIM is a smart construction technology that can build two-dimensional information from pape
Gyeongbuk Governor Lee Cheol-woo had an in-depth discussion on various mutual cooperation measures including the Saemaul movement between the two countries with Sri Lankan Prime Minister Dinesh Gunawardena at the Gyeongbuk Provincial Office on April 3.During the visit, which was attended by key gove
Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg and Purdue University President Mung Chiang joined federal partners and executives of South Korea-based SK hynix Inc., the world’s leading producer of High-Bandwidth Memory (HBM) chips, today as the company announced plans to establish
The government plans to invest 500 billion won over the next five years in five additional specialized complexes for materials, parts, and equipment, aiming to develop them into core bases for the supply chain. Space, aerospace, defense, and hydrogen are newly added as strategic technology sectors,
K-Beauty’s diversification of export products and destinations has been evident. The continued success of products like color cosmetics since last year, and a decreasing dependence on China in favor of exports to a variety of other countries, has been a notable trend.According to the Korea Customs S
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
As the announcement of Samsung Electronics’ preliminary results for the first quarter of the year approaches, the success of the Galaxy S24 series, highlighted by its artificial intelligence (AI) features, is raising expectations for the company’s performance.According to market research firm Counte
LG Electronics emphasized its commitment to leading the global AI home appliance market by applying its proprietary AI chip, developed for the implementation of “empathetic intelligence,” to its major products. This move is seen as a direct response to Samsung Electronics’ vision to lead the AI home
Samsung Electronics has emerged victorious in a lawsuit over memory semiconductor module patents against Netlist, a U.S. semiconductor company. Netlist, headquartered in Irvine, California, was founded by Hong Chun-gi, a former employee of LG Semiconductor.According to foreign media and industry sou
As Taiwan, located on the “Ring of Fire” in the Pacific Ocean, faces its strongest earthquake since the “921 Earthquake” of 1999, concerns about the spread of the damage are growing.Taiwan, a leading nation in advanced semiconductor production, is in the spotlight due to production disruptions at TS
Domestic individual investors have surpassed the milestone of holding over 113 trillion won in overseas stocks, marking a historic high. With the KOSPI index rising by 3 percent in the first quarter of this year, major foreign markets such as the United States and Japan surged by over 10 percent, de
On April 3, both the KOSPI and KOSDAQ indices began trading with declines of over 1 percent.With foreign capital inflows continuing throughout the year, the market capitalization share in the securities market has been steadily increasing. There are expectations that the optimism surrounding the gov
It has been revealed that South Korea’s foreign reserves in March increased by approximately US$3.5 billion compared to the previous month.On April 3, the Bank of Korea announced the “Foreign Reserves at the End of March.” According to this data, South Korea’s foreign reserves last month amounted to