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No. 13
Samsung Electronics expects over 9% growth in semiconductor sales
Samsung Electronics held an annual meeting of shareholders in Suwon, Gyeonggi Province. The world-leading chip producer announced that its growth this year would exceed the global market outlook of 9% [...]
No. 12
Gyeonggi Province to assist local SMEs affected by crisis in Ukraine
Gyeonggi Provincial Government announced the establishment of special fund, worth 20 billion Korean won, dedicated to support local SMEs directly or indirectly affected by the Ukrainian crisis, interna[...]
No. 11
Foreign investors continue to sell South Korean stocks for the second month
According to the Financial Supervisory Service, foreign investors dumped a net 2.58 trillion won worth of local stocks last month, net selling for the second straight month. This sell-off continues am[...]
No. 10
Economy on recovery track, but facing heightened uncertainty
The Korea Development Institute, a publicly-operated think tank released its monthly economic assessment and indicated that the national economy continues to show moderate recovery, backed by solid man[...]
No. 9
South Korea exempted from US sanctions regarding exports to Russia
South Korean Trade Minister Yeo Han-koo met with senior U.S. officials in Washington and agreed that South Korea is exempted from the United States government's Foreign Direct Product Rule (FDPR) on ex[...]
No. 8
Government to invest KRW 2.3 trillion for R&D projects in materials, parts and equipment industries
The Ministry of Trade, Industry and Energy convened a regular committee meeting to enhance competitive edge in the country's materials, parts and equipment industries and announced the results, includi[...]
No. 7
Biden’s sanctions on Russia may indirectly hit South Korean industries
As the US Biden administration imposes economic sanctions against Russia for invading Ukraine, South Korean chip producers and automakers including Samsung Electronics and SK hynix are expected to take[...]
No. 6
“Regulatory Sandbox” generated KRW-1.4-trillion investment for startups for three years
The National Assembly Research Service (NARS) of the Republic of Korea released a report on regulatory reforms required to overcome low growth and stated that the government's regulatory sandbox has he[...]
No. 5
Gyeonggi Province to raise funds for carbon neutrality
Gyeonggi Provincial Government announced its initiative to raise "G-Funds" for carbon neutrality. The size of the funds will start from KRW 30 billion this year, to be scaled up to KRW 120 billion in t[...]
No. 4
Foreign investors yet to confirm this year’s employment and investment plans
The Federation of Korean Industries (FKI) conducted a survey on employment and investment plans of foreign-invested businesses and disclosed the results. Nine out of ten foreign firms responded that th[...]
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