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Korean battery makers cut jobs at US plants amid sluggish EV demand LG Energy Solution, SK On, and other South Korean rechargeable battery companies that have expanded into the US for electric vehicle battery production are now reducing their local production staffing Wed, 15 Nov 2023 17:18:59 GMT
Korea losing ground to China in intermediate goods imports by Vietnam The market share of South Korean-made intermediate goods has been in decline since 2017 even as more and more exporting businesses have left the Chinese market for Vietnam over the past few years, a n Thu, 09 Nov 2023 16:56:12 GMT
US drops S. Korea from currency manipulation watch list after 7 years South Korea has been pulled from the US Department of the Treasury’s list of countries that are monitored for suspicious exchange rate behavior, the first time it has been off the list in seven years. Thu, 09 Nov 2023 16:53:31 GMT
Japan, China make strides in cutting-edge chipmaking tools, accelerating tech competition As the competition to acquire advanced semiconductors becomes a core part of industry policies for countries around the world, the race has been heating up to acquire the next-generation lithography e Wed, 08 Nov 2023 17:37:08 GMT
Speculators swoop in on first day of Korea’s ban on short selling After a ban on short selling took effect, intense herd behavior drove Korean stock prices up on Monday. Foreign investors hurried to buy shares to close short positions, and secondary battery stocks r Tue, 07 Nov 2023 16:49:02 GMT
As China seeks chip manufacturing self-sufficiency in response to US export controls, S. Korea pays price A new report is predicting that South Korean chipmakers will be negatively affected in their competition with Chinese firms by China’s accelerating self-sufficiency in semiconductor manufacturing equi Tue, 07 Nov 2023 16:48:48 GMT
Apple’s growing sway in Indian smartphone market could threatens Samsung’s spot at No. 1 Apple’s dominance in India’s 1.4 billion-person smartphone market is continuing to grow, threatening the current market leader Samsung Electronics.According to data from Counterpoint Technology Market Mon, 06 Nov 2023 17:19:29 GMT
Korea bans short selling through June 2024 as ruling camp targets voters The South Korean government announced Sunday that it was temporarily imposing a full-scale ban on short stock selling as of Monday, with the ban to remain in place through the first half of next year. Mon, 06 Nov 2023 16:57:38 GMT
Automobile exports help S. Korea reverse negative trade growth South Korean exports are back in positive territory after a year of declines. Korea also posted a trade surplus for the fifth month in a row.According to figures released Wednesday by Korea’s Ministry Thu, 02 Nov 2023 16:53:07 GMT
Are rebounding exports a sign of full recovery for S. Korean trade? Korea’s exports have recovered from a year of stagnant growth thanks to improvements in the semiconductor sector and exports to China. However, some observers say it is too early to see this as a full Thu, 02 Nov 2023 16:50:11 GMT
Samsung’s faltering status as undisputed industry leader fuels talk of crisis When Lee Jae-yong became the chairperson of Samsung Electronics last October, the semiconductor cycle was heading into a steep decline. In a sense, the industry outlook at the time foreshadowed how ro Wed, 01 Nov 2023 16:38:42 GMT
Slowing demand for EVs cool investments in Korea’s auto, battery sectors Amid faltering demand for electric vehicles, automakers are scrambling to slow down investments in vehicle electrification one after another.Some project that EV and battery companies may be heading t Tue, 31 Oct 2023 17:12:44 GMT
Higher-for-longer US interest rates could spark insolvency explosion in Korean economy Two years ago, a man in his 40s surnamed Han bought an apartment worth 600 million won (around US$443,500) by putting everything but his soul on the line. He took out a mortgage and a credit loan tota Mon, 30 Oct 2023 16:51:59 GMT
Higher production in China means lower exports from Korea, report finds When it comes to South Korean exports, industrial production in China and the US has a bigger impact than the won-dollar exchange rate, a new report has found.According to a report titled “An Analysis Wed, 25 Oct 2023 16:45:30 GMT
Surprise new US restrictions on chip tech to China show intensifying rivalry The additional restrictions on semiconductor exports to China that the US government unexpectedly announced on Tuesday show that the power battle between the two sides is heating up.The market reacted Thu, 19 Oct 2023 16:48:36 GMT

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