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No. 83
White House to support battery production on the US soil
The White House in Washington D.C. announced its plan to subsidize American battery manufacturers and seek domestic supply of battery materials. About 2.8 billion dollars of subsidy will be given to 20[...]
No. 82
South Korean government to announce new policy plan for part, material, equipment industries
The Ministry of Trade, Industry and Energy announced the new administration's plan to boost part, material, equipment industries of the country. To tackle global supply chain crisis in a more effectiv[...]
No. 81
MOTIE seeks ways to be ready for European raw material act
The Ministry of Trade, Industry and Energy organized a public-private consultation meeting aimed at seeking ways to be prepared for the adoption of the European Critical Raw Material Act. The European [...]
No. 80
Gyeonggi Governor Kim meets ASMI CFO
Gyeonggi Province Governor Dong Yeon Kim met with the Chief Financial Officer of ASM International, one of the global top 10 semiconductor equipment manufacturers. Governor Kim pledged to create a favo[...]
No. 79
US Department of Commerce imposing additional restrictions on semiconductor exports to China
The U.S. Department of Commerce introduced new restrictions aimed at cutting China off from importing semiconductor chips or semiconductor manufacturing equipment that meet a certain set of specificati[...]
No. 78
Samsung Electronics unveils its roadmap for hyper growth
Samsung Electronics, a memory chip giant headquartered in Gyeonggi Province, organized a tech day conference in San Jose, California. In the first in-person event in three years, it unveiled roadmap to[...]
No. 77
Record-high FDI in 3Q, exceeding $20 billion for the first time
The Ministry of Trade, Industry, and Energy released the cumulative inbound FDI of the third quarter of the year: Up from 18.2% from the previous year, the FDI was recorded $21.52 billion, a record-hig[...]
No. 76
Gyeonggi province to create a bio-industry cluster
Gyeonggi Provincial Government is working with cities and counties to create a "K-bio valley" centered around Gwanggyo Techno Valley in Suwon. The province presided the meeting of a task force dedicate[...]
No. 75
South Korea aims to take up 12% market share of the global electric vehicle market by 2030
The Minister of Trade, Industry and Energy presided over a meeting dedicated to discuss the country's auto market strategy and announced a plan to be top 3 global power in the auto industry. In particu[...]
No. 74
South Korea ratifies FTA deals with Israel and Cambodia
The National Assembly ratified two free trade agreement (FTA) deals, with Israel and Cambodia, signed in May and October 2021, respectively, completing the final domestic procedure needed for their imp[...]
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