South Korea expects a record tax windfall from the AI-driven semiconductor boom, boosting its 2027 tax revenue estimate to 500 trillion won ($331.6 billion), far surpassing an earlier forecast of 412.…
South Korea's push to become a global leader in semiconductors and AI is driving an unprecedented surge in electricity demand, forcing the Lee Jae Myung administration to reconsider its energy policy …
South Korean President Lee Jae Myung pledged Monday to mobilize full government resources to ensure three semiconductor and AI mega projects proceed on corporate timetables, proposing a "future respon…
South Korean chip giant SK Hynix raised $26.5bn in a record-breaking US IPO, the largest-ever debut by a foreign firm in the US, surpassing Alibaba's 2014 listing. The offering was more than seven tim…
KakaoBank CEO Yun Ho-young joined President Lee Jae Myung's state visit to Mongolia as the only commercial bank CEO in the delegation, promoting the lender's AI-driven digital banking model at a busin…
South Korean Finance Minister Koo Yun-cheol met with Mongolian counterpart Jadamba Enkhbayar in Ulaanbaatar, proposing expanded cooperation in supply chains, renewable energy, and artificial intellige…
Rep. Koh Min-jung entered the Democratic Party of Korea leadership race on Wednesday, joining Rep. Song Young-gil and former Prime Minister Kim Min-seok, with Rep. Jung Chung-rae expected to follow. C…
South Korea's proposed RE100 industrial complex remains stalled without a passed special bill or selected site more than a year after its introduction, while the 800 trillion won southwestern semicond…
South Korean President Lee Jae Myung and Canadian Prime Minister Mark Carney discussed future cooperation in artificial intelligence during a brief meeting at the NATO summit, hours after Canada selec…
South Korea policy chief Kim Yong-beom defended a 10-year national AI strategy on July 6, tying semiconductor, AI data-center and physical-AI projects to long-term investment plans from Samsung Electr…
President Lee Jae Myung defended his government's three megaprojects—semiconductors, physical AI, and AI data centers—as a long-term national transformation plan, not a bid to boost approval ratings. …
President Lee Jae Myung will preside over a meeting next week to review progress on a mega semiconductor cluster project in southwestern South Korea, involving Samsung and SK hynix investments worth 8…
Major Korean conglomerates including Hanwha, Hyundai, Samsung, SK, LG and Doosan announced a combined 312 trillion won ($204 billion) in investment plans for the Yeongnam region, targeting AI, robotic…
South Korean President Lee Jae Myung announced that Hanwha, Hyundai Motor, Samsung, SK, Doosan, and LG will invest a combined 312 trillion won ($204 billion) to transform the country's southeast into …
Han Seong-sook was sworn in as South Korea's first female prime minister in two decades, succeeding Kim Min-seok. She pledged to ease regulations for AI and tech innovation, and to promote shared econ…
Newly appointed South Korean Prime Minister Han Seong-sook vowed on her first day to accelerate AI investment and deregulate advanced industries, aligning with the government's 800 trillion won semico…
Newly appointed Prime Minister Han Seong-sook vowed to fast-track South Korea's artificial intelligence push on her first day in office, aiming to position the country as a leader in the AI era. She p…
Samsung Electronics and SK Hynix pledged 3,200 trillion won ($2.07 trillion) in investments to expand South Korea's memory chip production capacity, betting on sustained AI demand. The plan aims to do…
South Korea's industry ministry denied rumors that the government plans to establish a think tank to utilize chipmakers' profits from the AI boom, calling the claims false and threatening legal action…
South Korea's Ministry of Trade, Industry and Resources denied rumors that it urged Samsung Electronics and SK Hynix to form a government-led think tank for channeling chipmaker profits, calling the r…