South Korea's ruling party is moving to ease holding company restrictions on capital-raising, a change designed to unlock outside investment for SK Hynix's semiconductor expansion amid surging AI-driv…
China's exports and imports exceeded forecasts in June, driven by a surge in semiconductor prices rather than volume growth, as AI demand reshapes global trade flows. Exports in May surged 19.4% year-…
South Korea will draw up a record budget of more than 800 trillion won ($530.97bn) for fiscal 2027, financed by stronger tax revenues from the booming AI chip industry, Budget Minister Park Hong-keun …
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.…
China's exports likely grew 18.2% year-on-year in June, cooling from 19.4% in May, according to a Reuters poll of 20 economists, as firms accelerated shipments to the U.S. ahead of possible tariffs an…
The relocation of Gwangju military airport is accelerating after the site was chosen for a major semiconductor production cluster, part of South Korea's three mega projects focusing on semiconductors,…
Liquefied natural gas (LNG) is regaining strategic importance in South Korea as the government reassesses its energy mix to support massive investments in AI data centers and semiconductor manufacturi…
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…
OpenAI announced new ChatGPT Ads Manager updates, including custom audiences, an overview tab, suggested ad drafts, and a refreshed ad card format, while expanding ads availability to Japan and South …
A February 2024 announcement from Swedish fintech Klarna that its AI assistant now handles two-thirds of customer service chats caused the world's largest call center company to lose over a quarter of…
The IMF raised South Korea's 2026 GDP growth forecast by 0.7 percentage points to 2.6%, the largest upgrade among major economies, driven by semiconductor exports and AI hardware demand. Samsung Elect…
South Korea's AI chip boom is creating a widening income gap, with semiconductor workers receiving huge bonuses while those in traditionally prestigious jobs feel relatively worse off.…
The Asian Development Bank raised South Korea's 2026 growth forecast to 2.6%, citing robust global demand for artificial intelligence. The bank expects AI-driven exports and the semiconductor industry…
The International Monetary Fund raised its 2025 growth forecast for South Korea to 2.6%, the largest upgrade among 30 major economies, citing strong semiconductor and AI-related exports. The IMF's Jul…
South Korea's economy remains on a recovery path as gains from the booming semiconductor industry offset a slowdown in manufacturing, the Korea Development Institute reported Wednesday. Robust AI-rela…
South Korea and the United Arab Emirates signed an agreement to strengthen cooperation on stable oil and naphtha supplies, strategic oil reserves, and AI adoption in petrochemicals. Industry Minister …
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 energy experts warned on July 7, 2026, that planned AI data centers and chip fabs could require 216.4 TWh annually, exceeding the electricity demand increase in the current national plan.…
Canada awarded its next-generation submarine contract to Germany's Thyssenkrupp Marine Systems over South Korea's Hanwha Ocean, despite both meeting operational requirements. Prime Minister Mark Carne…
Korea Aerospace Industries (KAI), Naver, and Naver Cloud signed a memorandum of understanding on July 6, 2026, to develop a defense-specialized AI foundation model and physical-AI systems for South Ko…