US Overtakes China as South Korea’s Top Export Market
In December, shipments of goods produced by South Korean companies to the United States exceeded exports to China.
South Korea - page 3
South Korea Chip Output Grows Rapidly
The semiconductor industry in South Korea is currently recording the best state of affairs in recent years, the material form of expression of which is associated with a rapid increase in production volumes.
South Korea Fines Global Banks for Illegal Naked Short Selling
South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
Samsung and ASML to Invest in Chip Plant in South Korea
The Dutch company ASML, which specializes in the production of equipment necessary for making chips, together with the South Korean firm Samsung Electronics, engaged in manufacturing microcircuits, is investing $760 million in the building of a plant for the development of cutting-edge semiconductor processing technologies.
Bank of Korea Plans to Launch Retail CBDC Pilot Program
The Bank of Korea intends to launch a pilot program for its retail central bank digital currency (CBDC).
Ant Group Partners PayNet for Cross-Border Digital Payments
Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia
AnyMind Enters South Korean Market
South Korean e-commerce businesses looking for cross-border expansion can now tap into the AnyMind influencer marketing and e-commerce management platforms
Samsung Competes With SK Hynix for Leadership in AI Sphere
The dynamic of changes in the value of shares of Samsung Electronics Co. currently demonstrates a movement in the direction of giving way to similar indicators of a smaller competitor of this company in the sphere of memory chip production SK Hynix, which is currently actively developing against the background of the bet of many […]
South Korea’s Nand Flash Memory Chip Exports Show Growth
According to the results of last month, an increase in South Korean exports of Nand flash memory chips was recorded.
Samsung Reports Slowing Fall in Profits
Samsung Electronics reported on the preliminary results of operations for the third quarter of 2023, which showed a less intense decline in profit compared to the expected figure.
Head of Bank of Korea Welcomes Decline in Chip Prices
The governor of the Bank of Korea, Rhee Chang-yong, announced an improvement in the prospects for the development of the situation in the semiconductor market.
South Korean Companies to Supply Chip Equipment to Its Factories in China
Last Monday, October 9, the administration of the President of South Korea reported that local companies Samsung Electronics and SK Hynix will receive permission to supply chip equipment to their factories located in China.
South Korean Bank to Launch a Joint Crypto Custody Project With BitGo
KEB Hana Bank and BitGo are preparing to offer joint digital asset custody services
SK Telecom Invests Additional $100M in Anthropic AI
In addition to the investment, South Korea’s telecom operator has entered into a partnership agreement with AI provider Anthropic to build a large language model (LLM) customized for telcos
Samsung Cuts in Memory Chip Production
Samsung Electronics continues to implement a strategy to reduce the production of memory chips, including NAND flash memory, which is used in smartphones and computers.
Levit Raises $46 Million
Seoul-based e-commerce company Levit, the operator of the Alwayz shopping app, announced the raising of investment funds for $46 million following the results of the Series B financing round.
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