Samsung and Hyundai have announced around $400 billion in domestic investments in AI just as South Korea finalized its tariff deal with the US.
South Korea offers talks with North to prevent accidental armed clash at border
South Korea has proposed talks with North Korea to clarify the rivals’ border line. South Korea says that North Korean soldiers’ repeated border intrusions have raised worries about an armed clash.
DCI secures $212m for Seoul data center build-out in South Korea
A fully-owned portfolio company of Brookfield, DCI was founded in 2015 and acquired by Brookfield in 2019. It now has more than ten data center sites with 130MW of IT capacity in development across …
Samsung, other South Korean companies pledge billions in domestic investments after U.S. tariff deal
Samsung Electronics and other major South Korean companies on Sunday announced fresh domestic investment plans at a meeting with President Lee Jae Myung, who hopes the moves will counter concerns that …
Hyundai Motor announces $86 billion investment in South Korea after US trade deal
Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing U.S. tariffs on South …
Samsung, Hyundai announce domestic investments after US-South Korea trade deal
Samsung’s announcement came as South Korean President Lee Jae Myung held a meeting on Sunday with the country’s business leaders, after a U.S. trade deal including a South Korean promise to invest …
The US will help South Korea build nuclear ‘attack’ submarines – here’s what that means
The agreement between the US and South Korea comes as leaders from both countries reached a broad trade deal earlier last month that would see reciprocal tariffs cut to 15% from 25%. US President Donald Trump had slapped a tariff rate on Seoul of 25% earlier this year – which his counterpart Lee Jae Myung managed to negotiate down to 15%,
US, South Korea unveil details on shipbuilding investment and subs in trade deal
The U.S. and South Korea released details of a trade agreement on Friday that includes a $150 billion Korean investment in the American shipbuilding sector and an additional $200 billion earmarked for …
South Korean growers sue state power utility, blaming climate change for crop damage
Rice farmer Hwang Seong-yeol and four other South Korean growers have sued the state utility Korea Electric Power Corp. and its power-generating subsidiaries, alleging their reliance on coal and other …
Factbox-US, South Korea release details of trade deal
SEOUL (Reuters) -Here are some of the details released on Friday by the U.S. and South Korea on a trade deal. The two countries released a joint fact sheet on the summit meeting last month between U.S …