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Unlike these 2 countries, S. Korea failed to fill the gap left by China in the US chip market Analysis findings show that products from two countries have reaped the rewards as Chinese semiconductors have withdrawn from the US market: Taiwan and Vietnam.Meanwhile, South Korea, which has been b Thu, 11 May 2023 17:28:39 GMT
Korea faces longest trade deficit in 26 years as exports shrink for 7 months in a row South Korean exports have been shrinking for seven consecutive months due to the ongoing slump in semiconductors and petrochemicals, the country’s leading export products.Korea has posted a trade defi Tue, 02 May 2023 17:05:42 GMT
S. Korea’s battery, chip industries caught in net of US economic security, says expert From the outset of his state visit to the US, President Yoon Suk-yeol, the self-professed “No. 1 salesperson of South Korea,” emphasized the importance of “economic diplomacy,” so much so that he took Tue, 02 May 2023 17:05:17 GMT
Global economic experts warn Biden’s CHIPS and Science Act is unfeasible Experts are predicting the global economic order will not be returning to its past multilateral free trade system with a resolution of trade and advanced technology conflicts between the US and China. Thu, 27 Apr 2023 16:38:25 GMT
S. Korea ekes out 0.3% GDP growth in Q1 Driven by improved private consumption, South Korea’s economy grew by 0.3% in the first quarter of 2023, narrowly escaping recession after a contraction in the fourth quarter of last year.The Bank of Wed, 26 Apr 2023 17:25:14 GMT
China’s economy is on the upswing — so why are Korean exports at a standstill? While the Chinese economy is springing back to life after a period of hibernation, South Korea’s exports continue to experience frigid conditions. Both the South Korean government and the private sect Mon, 24 Apr 2023 17:30:37 GMT
Why the won’s value is falling despite a weakening dollar The strength of the US dollar is in decline, but the South Korean won has not been able to assert its strength and is going down with it. Experts attribute this to South Korea’s weakening economic fun Fri, 21 Apr 2023 16:54:21 GMT
1 in 3 cars sold in China this year are expected to be electric The race to sell electric vehicles is heating up in China, the world’s biggest automobile market. With EVs and other eco-friendly vehicles expected to account for one in every three new car sales in C Thu, 20 Apr 2023 16:40:32 GMT
Only American EVs eligible for US clean vehicle tax credit Only electric vehicles made by US companies have been selected to be eligible for up to US$7,500 in tax credits from the US government under the Inflation Reduction Act.That leaves out not only Korean Tue, 18 Apr 2023 17:24:10 GMT
Rising car exports force Korean automakers to contend with Tesla’s EV price-cutting Automobiles are turning into the main driver of South Korean exports as they make up for poor exports of semiconductors.Last month, South Korea’s auto exports reached a historic monthly high of US$6.5 Tue, 18 Apr 2023 17:20:51 GMT
Will Intel’s partnership with Arm give Samsung, TSMC a run for their money? Intel’s venture into the foundry market with its new partner, the semiconductor chip designer firm Arm, is raising questions about possible repercussions for the second-largest foundry operator, Samsu Fri, 14 Apr 2023 16:37:35 GMT
After 20 years, top importer of Korean exports is shifting from China to US South Korea’s exports, which have long served as the engine driving the country’s economy, are facing structural challenges. According to analysts, the recent decline in exports and the accumulation o Thu, 13 Apr 2023 17:31:16 GMT
Park Hyeon-joo of Mirae Asset donates dividends for 13th year running On Monday, Mirae Asset Financial Group Chairperson Park Hyeon-joo donated the entirety of the dividends from Mirae Asset Global Investments he received last year, amounting to 1.6 billion won (US$1.2 Tue, 11 Apr 2023 13:57:51 GMT
Backed into a corner, Samsung moves to cut chip production With Samsung Electronics joining the industry trend of production cuts, all eyes are on whether the industry will improve in the second half of 2023. Even with reduced supply, there are concerns that Mon, 10 Apr 2023 16:49:31 GMT
Kia’s EV sales fall 31% in US after tax credit snub After recording its highest-ever first quarter performance in the US market this year, the Hyundai Motor Group’s electric vehicle (EV) sales have fallen due to the effects of the US’ Inflation Reducti Wed, 05 Apr 2023 17:00:50 GMT

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