Tag: South Korea
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory rose 28% in January, marking the fastest increase since 1996. With chips comprising 12% of exports, the surge highlights a prolonged tech recession dampening economic growth. Global demand downturn and geopolitical tensions further complicate recovery prospects.
SK Hynix to invest US$11bil in new South Korea chip plant
SK Hynix will invest 15 trillion won ($10.9 billion) to build a new semiconductor facility called M15X in Cheongju, south of Seoul. Construction begins in October 2023 and is expected to complete in early 2025, expanding the company's memory chip manufacturing capabilities.
Japan, US hold navy drills off Koreas amid nuke test worry
U.S. and Japanese warships, led by USS Abraham Lincoln, perform first joint naval exercise in five years near Korean Peninsula, demonstrating military alliance and preparedness against potential North Korean provocations.
