Page 44 - South Korea

South Korea to surpass China in chip machine spending next year, shows data

Korea will likely increase its investment in fab equipment by 41.5% to $21 billion in 2024 while China logs only a 2% increase to $16.6 billion

North Korea test-fires 2 more missiles as tensions rise with South

North Korea fired two short-range ballistic missile toward waters off its eastern coast Monday, adding to a recent flurry in weapons tests as the United States prepared to deploy an aircraft carrier strike group to neighboring waters to step up military exercises with the South. South Korea's Joint Chiefs of Staff said the missiles flew cross-country after being fired from a western inland area south of the North Korean capital of Pyongyang but didn't immediately release specific flight details. Japan's coast guard said it believed both weapons landed outside Japan's exclusive economic zone. The launches were the North's seventh missile event this month and underscore heightening military tensions in the region as the pace of both North Korean weapons tests and the U.S.-South Korea joint military exercises has accelerated in recent months in a cycle of tit-for-tat responses. The allies last week completed an 11-day exercise that included their biggest field training in years. But ..

S Korea co-sponsors UN resolution on Pyongyang rights after 5-yr hiatus

South Korea has co-sponsored a UN draft resolution on North Korea's human rights violations for the first time in five years, a diplomatic source said on Thursday.

North Korea test-fires cruise missiles towards Eastern water, says S Korea

South Korea says North Korea has test-launched multiple cruise missiles toward the North's eastern waters. The launches on Wednesday are the North's fourth weapons tests since the US and South Korean militaries began large-scale military drills last week. North Korea views the drill as a preparation to attack it. The US-South Korean military drills are to end on Thursday. South Korea's Joint Chiefs of Staff said North Korea fired several cruise missiles from its northeastern coastal town of Hamhung. It says the South Korean and US intelligence authorities were analysing further details of the launches.

S Korea, US set for largest-ever live fire drills to mark 70th anniversary

South Korea and the US plan to conduct the largest-ever combined live-fire drills in June as part of a program to celebrate the 70th anniversary of their alliance, Seoul's Defence Ministry said

N Korea launches latest missile simulated nuclear counterattack on S Korea

North Korea said Monday it simulated a nuclear attack on South Korea with a ballistic missile launch over the weekend that was its fifth missile demonstration this month to protest the largest joint military exercises in years between the US and South Korea. The North's leader Kim Jong Un instructed his military to hold more drills to sharpen the war readiness of his nuclear forces in the face of aggression by his enemies, state media reported. The South Korean and Japanese militaries detected the short-range missile being launched Sunday into waters off the North's eastern coast less than an hour before the US flew long-range B-1B bombers for training with South Korean warplanes. The North characterizes the US-South Korea exercises as a rehearsal to invade, though the allies insist they are defensive in nature. Some experts say the North uses the exercises as a pretext to advance its weapons programmes. Pyongyang's official Korean Central News Agency said the missile, which flew ..

South Korea lifts years-long mask mandate for public transportation

The mandate however, remains in place for medical facilities, pharmacies and other vulnerable facilities, such as nursing homes

South Korean exports to Japan expected to rise if ties normalise: Report

South Korean exports to Japan will rise 3.5 trillion won ($2.69 billion) this year if Seoul's export structure to Tokyo returns to the status it had in the 2017-2018 period

US B-1B strategic bomber returns to S.Korea as N.Korea fires missile

A B-1B bomber was previously deployed to the peninsula on March 3, Yonhap news agency reported

As US-S Korea conduct military drills, N Korea launches missile into sea

Japan says North Korea has launched a suspected missile toward the sea. Japan's coast guard said it confirmed that what appeared to be a North Korean missile was fired Sunday morning. Further launch details were not immediately available, it said. South Korea's Yonhap news agency cited the South's military as saying that North Korea had fired a ballistic missile toward its eastern waters. Calls to the South's Joint Chiefs of Staff were not immediately answered on Sunday. The launch, if confirmed, would be the North's fourth round of weapons tests since the U.S. and South Korean militaries began joint military drills last week. The North views the drills as an invasion rehearsal.

South Korea set to normalise military intelligence sharing with Japan

South Korea's Defence Ministry initiated the process to normalise the General Security of Military Information Agreement

Japan, South Korea agree to mend ties as leaders meet after 12 year gap

As Japan and South Korea continue to deal with North Korean threats and growing concerns about China, the leaders of two neighbours promised to rekindle ties in a fence-mending summit in Tokyo

South Korea's battery giants Samsung, LG in hot demand from US to Europe

Eight US states - including Kentucky, Georgia, North Carolina, Tennessee and Indiana - delivered presentations on the benefits they can offer Korean firms as a base for new manufacturing plants

Launched ICBM to give stronger warning to US, S Korea over drills: N Korea

North Korea said that launch of the intercontinental ballistic missile (ICBM) Hwasongpho-17 was a stronger warning to the US and South Korea for their provocative and aggressive large-scale war drills

Japan needs South Korea to defend against North Korea's missile tests

The prosecutor-turned-politician Yeol made it a high priority six months ago to find a way to pay people forced to work at Japanese colonial-era mines and factories that was acceptable to Tokyo

N Korea launches ICBM before S Korea-Japan summit to display military might

North Korea test-launched an intercontinental ballistic missile in a display of military might Thursday just hours before the leaders of South Korea and Japan were to meet at a Tokyo summit expected to be overshadowed by North Korean nuclear threats. The launch, the North's first ICBM test in a month and third weapons testing this week, also comes as South Korean and U.S. troops continue joint military exercises that Pyongyang considers a rehearsal to invade. South Korea's military said the North Korean ICBM flew toward the Korean Peninsula's eastern waters after being launched from North Korea's capital, Pyongyang, around 7.10 a.m. The statement said South Korea's military is maintaining readiness in close coordination with the United States. The Sunan neighbourhood is the site of Pyongyang's international airport and has emerged as a major testing site where the North launched most of its ICBMs in recent years, all flown on a high angle to avoid the territory of neighbours. Japan

North Korea fires another missile toward eastern waters: South Korea

North Korea launched another ballistic missile toward its eastern waters Thursday, South Korean officials said, the third such weapons test this week. South Korea's Joint Chiefs of Staff said the launch occurred in the morning but did not immediately give further details, such as how far the missile flew. Pyongyang had already staged two launch events this week amid joint military exercises being held by South Korea and the United States. North Korea views such drills as a rehearsal for invasion.

One Impression raises $10 mn in series A led by South Korean firm KRAFTON

Firm to expand its offerings, grow presence in globally; It already transacts with several creators, from top celebs to nano influencers, generating 100,000 pieces of content for more than 500 brands

Samsung to build 'mega' chip cluster near Seoul, sets aside $230 billion

Samsung Electronics said on Wednesday it expects to invest 300 trillion won (USD 230 billion) over the next 20 years as part of an ambitious South Korean national project to build the world's largest semiconductor manufacturing base near the capital, Seoul. The chip-making mega cluster, which will be established in Gyeonggi Province by 2042, will be anchored by five new semiconductor plants built by Samsung. It will aim to attract 150 other companies producing materials and components or designing high-tech chips, according to South Korea's Ministry of Trade, Industry and Energy. Samsung's new plants will be located near its existing domestic factories and will produce both computer memory chips used for storing data and higher-margin logic chips designed to perform a broader range of functions, the company said. A giant in the global memory business, Samsung is trying to expand its presence in advanced chips, anticipating that demand will soar in coming years with the adoption of

Samung joins South Korean govt's $400 billion bid to lead in key tech

The company plans to build five memory and foundry fabs in a new chip cluster in Yongin by 2042, where it seeks to attract more than 150 local and foreign chip companies