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At 13 months running, S. Korea faces longest trade deficit streak since Asian financial crisis South Korea’s exports continued to fall in March, which marked the sixth consecutive month of decline since October 2022. The slumps in semiconductor exports, the country\'s largest export item, and e Mon, 03 Apr 2023 17:28:45 GMT
US to require Korean chipmakers to cough up trade secrets in exchange for incentives Based on the CHIPS and Science Act, the US Department of Commerce is insisting that companies building semiconductor production facilities in the US have to submit sensitive core business secrets such Wed, 29 Mar 2023 17:21:25 GMT
Korea overwhelmingly ranks No. 1 in robot density in auto industry The automotive industry is considered to have some of the highest levels of robot use of any sector. Automation of production as we know can be attributed in large part to the pioneering of the auto i Tue, 28 Mar 2023 17:03:02 GMT
Samsung vows no “artificial” chip cutbacks Samsung Electronics is sticking to its approach of no artificial cutbacks to memory semiconductor production, even as its profitability has worsened amid an ongoing decline in demand.The decision was Tue, 28 Mar 2023 16:49:52 GMT
New US regulations allow narrow leeway for Korean chipmakers active in China The US government has put forth guidelines that will require Samsung Electronics and SK Hynix to limit their expansion of high-tech semiconductor production in China over the next decade to 5% if they Thu, 23 Mar 2023 16:43:24 GMT
S. Korea’s trade deficit as of March is already half of all of 2022 South Korea’s trade deficit is rapidly increasing as exports continue to fall sharply.According to export and import trends released by the Korea Customs Service on Tuesday, exports totaled US$30.945 Wed, 22 Mar 2023 17:10:10 GMT
Korean semiconductor industry on pace to record heavy Q1 operating losses “At least 2 trillion won for Samsung Electronics, potentially over 4 trillion won for Hynix.”Operating losses for South Korea’s memory industry during the first quarter of this year may amount to tril Mon, 20 Mar 2023 17:08:47 GMT
Hyundai Motor Group ranks top 3 in global auto sales for first time The Hyundai Motor Group has moved up to third in the world for automobile sales behind Japan’s Toyota Group and Germany’s Volkswagen Group.The Korea Automobile Manufacturers Association (KAMA) and sou Thu, 16 Mar 2023 17:32:56 GMT
S. Korea plans to build chipmaking mega cluster, with Samsung investing 300T won The South Korean government plans on establishing the world’s largest system semiconductor cluster in the greater Seoul area by attracting 300 trillion won in private investments. New national industr Thu, 16 Mar 2023 17:29:06 GMT
Korea watches for fallout of SVB collapse amid fears of recession The sudden collapse of Silicon Valley Bank (SVB) on Friday due to insufficient liquidity and insolvency has drawn attention to real and financial vulnerabilities across the global economy, while bring Mon, 13 Mar 2023 17:21:39 GMT
Kakao wins out in SM acquisition after Hybe calls it quits The game of chicken between Kakao and Hybe over the acquisition of SM Entertainment has ended with Hybe dropping its bid. The two companies came to an agreement: Kakao is to acquire managerial rights, Mon, 13 Mar 2023 17:14:40 GMT
[Interview] In “quiet war” over ESG reporting standards, will Korea rise or fall? “A quiet war is being waged around the world about enacting standards for ESG reporting.”These were the words of Ilcheong Yi, 56, a senior research coordinator at the UN Research Institute for Social Mon, 13 Mar 2023 16:54:19 GMT
Naver’s Webtoon picked as a No. 1 media innovator, beating out New York Times Webtoon Entertainment, the US-based headquarters of Naver Webtoon, came in first place in the media category on a ranking of the top innovating corporations by the US business magazine Fast Company.In Mon, 06 Mar 2023 17:52:23 GMT
S. Korea ranks No. 5 for global car production for 3 years running South Korea ranked fifth in the world in terms of automobile production for the third consecutive year last year.According to the 2022 “Korea Automobile Industry Annual Report” released by the Korea A Fri, 03 Mar 2023 17:23:54 GMT
S. Korea posts 12th straight month of negative trade balance South Korea’s exports were down for a second straight month in February, continuing a trend of five months of stagnation.The balance of trade has also remained negative for 12 months running.On Wednes Thu, 02 Mar 2023 17:10:06 GMT

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