Finance Minister Koo Yun-cheol will visit Europe to attend the Group of Seven (G7) finance ministers’ meeting and to encourage investment in South Korea, his office said Sunday. Koo will first depart …
A window into South Korea’s AI Basic Act
South Korea’s new AI law clarifies who must comply, what systems are covered, and how risk-based obligations will be enforced.
Japan’s global defense business may be on the cusp of a big breakout
Can Japan be a major player in the international defense sector, like its neighbor South Korea?
Threatened Samsung strike poses significant risk to South Korea growth, finance minister says
SEOUL, May 14 (Reuters) – A threatened strike by Samsung Electronics’ union would be a significant risk to South Korea’s economic growth, exports and markets, Finance Minister Koo Yun-cheol said on …
Korea Zinc’s Crucial Role in Global Semiconductor Supply Chain Sparks Concerns Amid Potential Acquisition
The semiconductor sulfuric acid market in South Korea currently stands at approximately 380,000 tons per year, with Korea Zinc supplying 240,000 tons and LS MnM Inc. providing 140,000 tons. Samsung …
Trump immigration raids clash with push for foreign investment
ICE raid at Hyundai’s Georgia plant detained 300 workers. South Korea warns raids could chill billions in U.S. investment. Experts call shackling workers “performative” enforcement. Talks underway on …
Amprius Taps Intralink for South Korea Drone Battery Push
Amprius hires Intralink to expand its silicon-anode drone battery sales in South Korea’s drone and robotics market.
South Korea’s punitive real estate tax faces reform calls
A call to reform South Korea’s real estate tax system from a “punitive system” to a “fair system” emerged on the 11th. Critics argue that the current system, which operates a progressive national real …
Korea Institute of Finance upgrades growth forecast to 2.8% amid semiconductor surge
The Korea Institute of Finance significantly raised its economic growth forecast for South Korea this year. This revision reflects strong semiconductor exports driven by expanded AI infrastructure …
People Power Party urges reform of South Korea’s punitive real estate tax
A call to replace South Korea’s current “punitive tax system” with a “fair tax system” emerged on the 11th. The argument emphasizes the need to reform the existing system, which uniquely operates a …