Hedge funds turn to South Korea for next wave in AI
By Summer Zhen HONG KONG (Reuters) – Hedge funds hunting for artificial intelligence-related stock market bargains are rushing into South Korea‘s chipmakers, betting a new wave of demand for high-end…
Samsung workers’ union in South Korea kicks off three-day strike
By Heekyong Yang HWASEONG, South Korea (Reuters) – Samsung Electronics workers in South Korea began a three-day strike for better pay on Monday, with their union flagging further action against…
South Korea’s SK Hynix to invest $75 billion by 2028 in AI, chips
By Hyunsu Yim SEOUL (Reuters) – South Korea’s SK Hynix, the world no.2 memory chip maker, will invest 103 trillion won ($74.6 billion) through 2028 to strengthen its chips business,…
South Korea plans to detail tax incentives, chip industry support
Βy Jihoon Lee SEOUL (Reuters) – South Korea‘s finance minister said authorities would put forward detailed tax incentives under corporate reforms aimed at boosting the value of listed companies after…
South Korea announces $19 billion support package for chip industry
By Jack Kim and Heekyong Yang SEOUL (Reuters) – South Korea announced on Thursday a 26 trillion won ($19 billion) support package for the country’s vital semiconductor industry, the country’s…
South Korea, UK to co-host second global AI summit as boom fans risks
By Joyce Lee SEOUL (Reuters) – South Korea and the United Kingdom will co-host the second global AI summit in Seoul this week, as the breathtaking pace of innovation since…
South Korea prepares support package worth over $7 billion for chip industry
By Ju-min Park SEOUL (Reuters) – South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance…
Meet three young women in tech in South Korea
Women in tech: International Girls in ICT Day is annually celebrated on the last Thursday of April. The day is to encourage women to pursue careers in the information and communications technology (ICT) industry and find their…
South Korea’s Hanwha Aerospace to spin off industrial solutions businesses from defence
By Joyce Lee SEOUL (Reuters) – South Korea’s Hanwha Aerospace said on Friday it will spin off its semiconductor equipment and video surveillance businesses, carving out units that contributed about…
South Korea hosted summit warns of AI risks to democracy
By Ju-min Park and Jack Kim SEOUL (Reuters) – South Korean President Yoon Suk Yeol on Monday called fake news and disinformation based on AI and digital technology threats to…