South Korea recorded an unfavorable trade balance of US$47.3 billion in 2022, the historically highest annual level, South Korea-based and cited the Ministry of Trade, Industry and Energy as …
South Korea 2022 trade deficit hits record
South Korea recorded an unfavorable trade balance of US$47.3 billion in 2022, the historically highest annual level, South Korea-based and cited the Ministry of Trade, Industry and Energy as …
Korean chips act: Semiconductor companies in South Korea may be granted with higher tax breaks
South Korea’s President Yoon wants bigger tax breaks under the Korean chips act to boost its semiconductor sector.
North Korea is developing a HIMARS for nuclear missiles
While inspecting 30 of the “super-large multiple launch rocket systems” on New Year’s Eve, North Korean dictator Kim Jong Un claimed that all of South Korea is within range …
(LEAD) S. Korea to spend at least 60 pct of budget in H1 amid economic fears
By Kang Yoon-seung SEOUL, Jan. 4 (Yonhap) — South Korea’s finance ministry said Wednesday it aims to spend at least 60 percent of the annual budget in the first half of 2023 amid the slowdown in …
U.S. and South Korea Coordinating Potential Responses to North Korea Provocation -White House
The U.S. and South Korea are planning for a coordinated response to a range of scenarios, including nuclear use by North Korea, White House spokesperson Karine Jean-Pierre said on Tuesday. Not all U.S.
South Korea in talks to manage US nukes amid growing threat from North Korea: report
President Biden denied reports that the U.S. and South Korea were engaged in nuclear weapons management talks, something South Korea insisted was a miscommunication.
Tesla has been slapped with a $2 million fine in South Korea over claims it falsely advertised the range of its vehicles in cold weather
The range of Teslas drops by over 50% in cold weather, South Korea’s anti-trust regulator said at a press conference.
(LEAD) S. Korea to expand tax incentives for chip industry
By Kang Yoon-seung SEOUL, Jan. 3 (Yonhap) — South Korea will seek to expand tax incentives on strategic industries such as chips amid the heightening competition in the global market, the finance …
We’re in a chip war: Samsung veteran sounds alarm on South Korea losing ground
More Korean companies could move their major production facilities to the US, and take their best engineers with them, Yang Hyang-ja said. Samsung plans to build a $17 billion semiconductor plant in Texas,