Samsung to Invest $310 Billion in AI Chip Plant Opening in 2028
Samsung is doubling down on the global AI surge. It is announcing a massive $310 billion investment plan to expand its footprint across advanced chips,...
Tag : South Korea
South Korea, US Sign MoU on $350 Billion Strategic Investment
South Korea and the United States have signed an MoU to advance $350 billion in strategic investments across key US industries. South Korea’s Industry Minister...
South Korea Opens Visa-Free Entry for Chinese Tour Groups
South Korea has started a pilot programme allowing visa-free entry for Chinese tourist groups to boost its economy and strengthen ties with China. Groups of...
South Korea Rejects US Tariff Deal Before 3rd June Election
A senior South Korean official ruled out reaching a trade deal with the US before the country’s 3rd June snap election, citing challenges in finalising...
Ex-South Korean President Moon Indicted in Bribery Case
Former South Korean President Moon Jae-in was indicted Thursday over bribery charges tied to a no-show job given to his son-in-law during his presidency. Prosecutors...
South Korea’s Early Trade Data Signals Export Decline After Tariffs
South Korea’s preliminary April trade data offers an early signal of how Donald Trump’s protectionist push is affecting global trade. In the first 20 days...
South Korea Lowers Growth Forecast, Cuts Interest Rates
South Korea’s central bank cut interest rates. It lowered its growth forecast on Tuesday to support the economy amid US tariff concerns and the impact...
South Korea Spy Agency Claims DeepSeek Over-Collects Personal Data
South Korea’s National Intelligence Service (NIS) has accused Chinese AI app DeepSeek of excessive data collection and security risks, urging government agencies to take precautions....
South Korea Bans Access to DeepSeek on Government Devices
Due to security concerns, South Korea has blocked access to DeepSeek AI services on government devices. The defence, foreign, and trade ministries have restricted access...
South Korea Cuts Key Rate to Boost Slower Economy
On Thursday, South Korea’s central bank lowered its key policy rate for the second month, citing slower-than-expected economic growth. The Bank of Korea cut its...