nflation Reduction Act
Scope
Date
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Korean chipmakers
Samsung, SK Hynix asked to swallow tough pill over US CHIPS Act
WASHINGTON, D.C. – South Korean chipmakers on Tuesday expressed deep concerns about the detailed guidelines of the US CHIPS and Science ...
Mar 28, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea's Riiid launches learning platform to prep for US SAT, ACT tests
South Korea's Riiid, an artificial intelligence (AI)-based provider of educational solutions, on Monday said it has launched R.test, an AI diagnosti...
Mar 27, 2023 (Gmt+09:00)
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The KED View
Jury still out on Korean chipmakers’ tech upgrades in China
When the US Commerce Department announced the guardrail clauses on the CHIPS and Science Act earlier this week, South Korea’s government offic...
Mar 24, 2023 (Gmt+09:00)
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Electronics
Samsung Electro-Mechanics releases 200-megapixel camera module
South Korea's Samsung Electro-Mechanics on Monday announced its release of a smartphone camera module with 200 megapixels and double the shake reduc...
Mar 20, 2023 (Gmt+09:00)
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Business & Politics
Korean Chips Act set to pass parliament in March; coverage expanded
South Korea’s answer to the US CHIPS and Science Act is on course for National Assembly approval by the end of this month as the ruling and op...
Mar 17, 2023 (Gmt+09:00)
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Korean chipmakers
South Korea says US Chips Act subsidies have too many requirements
SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...
Mar 15, 2023 (Gmt+09:00)
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Carbon neutrality
S.Korea to establish voluntary carbon credit exchange
South Korea will introduce a voluntary carbon market (VCM) later this year, which is expected to broaden the scope of carbon credits and speed up ef...
Mar 07, 2023 (Gmt+09:00)
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Business & Politics
Korean lawmakers mull higher chip tax credits, battery subsidies
South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...
Mar 07, 2023 (Gmt+09:00)
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Business & Politics
Concerned about CHIPS Act, Korea says US investment less attractive
South Korea on Monday expressed concerns about the guidelines of the US Chips and Science Act, saying that some of the conditions the US government ...
Mar 06, 2023 (Gmt+09:00)
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Korean chipmakers
US CHIPS Act threatens Samsung, SK Hynix’s memory supremacy
WASHINGTON D.C. – The Biden administration’s “Chips for America” program aims to keep China’s growing clout in the sem...
Mar 02, 2023 (Gmt+09:00)
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Electric vehicles
SK Signet lands EV charger contract in US
SK Signet Inc., an affiliate of South Korea's SK Group that makes and sells electric vehicle (EV) chargers, on Monday said it received its first ord...
Feb 28, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor begins Genesis GV70 EV production in US
Hyundai Motor Co. has commenced production of the Genesis GV70 electric vehicle in the United States. This marks the first locally produced vehicle ...
Feb 23, 2023 (Gmt+09:00)
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Carbon neutrality
Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel
On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...
Feb 21, 2023 (Gmt+09:00)
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ESG
SK Chemicals joins global initiative to cut carbon emissions
South Korea's SK Chemicals said on Monday that it has joined a global initiative that aims to set science-based targets for reducing greenhouse gas ...
Feb 21, 2023 (Gmt+09:00)
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The KED View
Vietnam’s rise: An ominous sign for Korean chipmakers
Just a few years back, it was Taiwan that was on everyone’s lips in the semiconductor industry.The small East Asian island country, home to th...
Feb 16, 2023 (Gmt+09:00)
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Business & Politics
Korean Chips Act revision hits roadblock as opposition lawmakers balk
The proposed revision to South Korea’s answer to the US CHIPS and Science Act has hit a roadblock as the main opposition party, which controls...
Feb 15, 2023 (Gmt+09:00)
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Automobiles
Hyundai GV70 EV to be eligible for US subsidy after classification as SUV
The sport-utility vehicle (SUV) Hyundai Genesis GV70 electric vehicle in the first half of the year is expected to be eligible for subsidies in the ...
Feb 06, 2023 (Gmt+09:00)
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Carbon neutrality
SK Ecoplant passes industry-first carbon reduction target verification
South Korea's construction and engineering company SK Ecoplant Co. said on Thursday that it has passed the greenhouse gas reduction target verificat...
Feb 03, 2023 (Gmt+09:00)
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Carbon neutrality
KCCI launches Carbon Reduction Certification Center
The Korea Chamber of Commerce and Industry(KCCI) said Thursday that it has established the Carbon Reduction Certification Center, a professional org...
Jan 12, 2023 (Gmt+09:00)
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Venture capital
Disclosure obligations of venture capital accelerators to be strengthened
The Ministry of SMEs and Startups said on Monday that an amendment to the Venture Capital Investment Promotion Act, which will strengthen the disclo...
Jan 02, 2023 (Gmt+09:00)
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Cloud computing
KFTC acts on Amazon's large share of S.Korea's cloud market
Amazon controls around 70% of South Korea's cloud market, followed by Microsoft in second and Google and Naver Corp. fighting for third place.The Ko...
Dec 29, 2022 (Gmt+09:00)
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Batteries
SK On, EcoPro, China’s GEM to build battery materials plant in Indonesia
SK On Co., a South Korean electric vehicle (EV) battery maker, has joined forces with two energy materials companies to build a nickel intermediate ...
Nov 25, 2022 (Gmt+09:00)
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ESG
SK Chemicals' copolyester lines certified on carbon reduction
South Korea’s SK Chemicals Co. said on Wednesday it has earned sustainability certifications for its nine copolyester product lines from UL So...
Nov 23, 2022 (Gmt+09:00)
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Business & Politics
South Korea's economic bodies urge revision of US Inflation Reduction Act
Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...
Nov 18, 2022 (Gmt+09:00)
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Batteries
SK On to buy battery material lithium hydroxide from Chile's SQM
SK On Co., the world’s fifth-largest electric battery maker, said on Sunday it signed a deal on Nov. 4 to purchase lithium hydroxide, a key ba...
Nov 06, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea's Meritz Group likely to sell off its asset management arm
South Korea’s Meritz Financial Group Inc. is poised to sell off its subsidiary Meritz Asset Management Co., The Korea Economic Daily understoo...
Nov 01, 2022 (Gmt+09:00)
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Energy
OCI to invest $40 million to expand US solar module production facilities
OCI Co., a leading South Korean solar power cell manufacturer, said on Monday it will invest $40 million to expand the solar cell module production ...
Oct 24, 2022 (Gmt+09:00)
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Pension funds
Korea's NPS seeks new CIO as Ahn ends term Oct. 18
South Korea’s National Pension Service (NPS) is looking for a new chief investment officer (CIO) as former CIO Ahn Hyo-joon’s term ended...
Oct 19, 2022 (Gmt+09:00)
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Batteries
POSCO Holdings to invest extra $1.1 billion in Argentine lithium plant
POSCO Group, which owns South Korea’s largest steelmaker, plans to invest an additional $1.09 billion, or 5 trillion won, in its lithium produ...
Oct 11, 2022 (Gmt+09:00)
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Batteries
Battery maker SK On sweetens $1.4 bn fundraising deal
SK On Co., the world’s fifth-largest rechargeable battery maker, has sweetened its deal to attract 2 trillion won ($1.4 billion) in new share ...
Sep 21, 2022 (Gmt+09:00)