Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.

This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...

Important lessons from loosening regulations for foreign investment

To attract international investment, banking regulators in South Korea have unveiled a new set of rules, one of which is the elimination of the country's decades-old investor registration system. As of the end of June 2022, foreign investors own around 30.7% of the local stock market, as repo...

Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.

The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...

In Nigeria, Daewoo E&C has opened a new construction instruction facility.

Daewoo E&C, a construction firm in South Korea, announced on Friday that as part of a community service initiative, it has opened a vocational school to educate future generations of welding and scaffolding specialists. Daewoo E&C announced that it has opened a training center in Nigeria,...

Threat from North Korea's missile testing, nuclear ambitions cited by South Korean leader

South Korean President Yoon Suk Yeol warned Tuesday that North Korea's increasing number of missile tests, its developing nuclear goals, and other provocative activities represent a major threat that might lead to a disastrous miscalculation and trigger a wider confrontation. While playing do...

Players in South Korea's electric vehicle battery market are aiming for the world's best.

Puddles of all sizes could be seen all over the ground around a massive steel structure that was thickly embedded with millions of steel beams because of the rain that had wetted most of the clay soil on the ground. Nonetheless, many of the 800 engineers and construction employees had shown up fo...

The initial shipment of Pfizer's Covid-19 pills has arrived in South Korea.

On Thursday, Pfizer started shipping its antiviral Covid-19pills to South Korea for use on individuals with moderate or severe symptoms. To combat what could be another outbreak of diseases caused by the highly contagious omicron variety, health officials have hailed the Paxlovid pills as a poten...

South Korea will extend its quarantine period for people with Covid.

On Friday, Prime Minister Han Duck-soo said that South Korea would extend the current seven-day quarantine mandate for Covid-19 patients for four more weeks. This is because to concerns that easing the obligation could hasten a reappearance of the virus. Han stated in a virus response meeting tha...

When new cases of COVID-19 appear, South Korea increases its booster injections.

As new cases of COVID-19 start popping up all throughout South Korea, health officials there are deciding to offer booster doses to everybody aged 50 and up. The 40,226 new cases recorded on Wednesday were the biggest daily increase in over two months, despite constant numbers for both hospitaliz...

For the purpose of justifying its recent restrictions on Chinese tourists, South Korea has released some startling Covid figures.

On Tuesday, South Korea responded to criticism that its Covid limitations for Chinese tourists amount to "discrimination" by noting that more than half of its imported cases originate in China. Deputy head of the Korea Disease Control and Prevention Agency Seung-ho Choi told CNBC that u...

The use of drones by the South Korean military in an attack on the North was justified as a "exercise in self-defence,"

On Monday, the opposition party claimed that South Korean drones dispatched to North Korea violated the inter-Korean peace. The military, however, said that the South was only exercising its right to self-defence. Five North Korean drones violated a 2018 military deal agreed between the two sides...

As traditional marketing agencies see a decline in demand, big names are moving into the NFT space to maintain competitiveness.

By 2022, South Korea's NFT market is predicted to be worth $938.6 million, a 47.3% annual increase from 2017. Consistent expansion of the NFT market is anticipated over the projected period, with a CAGR of 33.8% from 2022-2028. The value of national expenditures on next-generation financial t...

Success or Failure of Health Care Reform in South Korea

In just 12 years, SOUTH KOREA established universal healthcare. The government first required medical insurance for employees and their dependents in large businesses with more than 500 employees in 1977, marking the modest beginning of this extraordinary achievement. The entire country was given...

To address the rising demand in hospitals, South Korea prioritizes AI-based imaging solutions, according to Global Data

In order to address the rising demand in hospitals, a number of South Korean health technology companies that provide artificial intelligence (AI)-based imaging solutions are collaborating more frequently with national and foreign multinationals. In light of this, Global Data predicts that the So...

Creating a bright future for South Korean chemical firms

South Korean chemical firms had a large global presence. They succeeded successfully due to operational excellence, the benefits of strong regional demand, and a conglomerate structure that gave prospects for growth. However, South Korean chemical businesses confront enormous problems today. Mark...

South Korea's Chemical Industry: Past and Future - Part 2.

Today, Korean chemical industry executives are focusing on technology and research to propel the country's future success in the chemicals business. Knowing that chemical goods with low or no environmental impact will be in high demand, the trend has been to develop environmentally friendly c...

Throughout 2021, cancer remained the leading cause of death in South Korea.

For every 100,000 people, the death rate from lung cancer was 36.8; next highest was liver cancer at 20.0; then came colorectal at 17.5; then stomach at 14.1; and finally pancreatic at 13.5. New statistics from the South Korean Statistical Office showed on Tuesday that despite the ongoing expansi...

To keep up with the rising demand in healthcare facilities, South Korea places a premium on imaging systems that utilize artificial intelligence.

To fullfill the rising demand in hospitals, a number of South Korean health tech firms are forming partnerships with domestic and international corporations to provide AI-based imaging solutions. In this context, Global Data predicts that between 2023 and 2030, the diagnostic imaging market in So...

Lotte Chemical, an ambitious South Korean company, is counting on mergers and acquisitions to help them expand during the coronavirus outbreak.

Lotte Group chairman Shin Dong-bin had been pursuing an ambitious plan to triple the conglomerate's revenue from its chemicals business over a 10-year period, putting it in competition with the likes of Dow and ExxonMobil Chemical, after years of turmoil punctuated by a family feud and a brie...

North Korea launches ballistic missiles in response to US-South Korea drills.

North Korea fired two short-range ballistic missiles toward its eastern waters on Friday, according to South Korea's military, its latest weapons display following days of joint drills between US and South Korean warplanes that North Korea views as an invasion rehearsal.

South Korea...