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Wed, November 30, 2022 | 10:28
Amid US-China row, Tesla's growth benefits Korean suppliers
Tesla's continuing growth in the electric vehicles (EVs) business is providing a clear rationale for why it makes sense to invest in the company's parts suppliers in Korea.
[ANALYSIS] Korea under pressure to mediate chip issue
The current semiconductor shortages have illustrated the strategic significance of semiconductor manufacturing. The central point of today's chip shortages is a classic supply-demand mismatch.
Moderna approves local use of COVID vaccines
Moderna has approved the domestic use of its COVID-19 vaccines to be produced by its South Korean business partner Samsung Biologics, two sources directly involved with the matter said, Thursday. While chances are low the mRNA-based biotech Moderna will let Samsung Biologics handle the total distribution process of its vaccines to be manufactured at Samsung's facility in Inch...
Korea's top business lobby seeks more influence in US
The Korea Chamber of Commerce and Industry (KCCI) is considering opening up its first liaison office in Washington D.C., in a bid to defend the best interests of Korean companies in the United States, sources familiar with the issue told The Korea Times, Wednesday. The KCCI is the country's most-influential business lobby and is headed by SK Group Chairman Chey Tae-won.
LG says battery recall issue with GM settled
LG Energy Solution (LGES), a global top-tier electric vehicle (EV) battery producer, said Tuesday it has agreed with General Motors to settle all outstanding issues regarding a recent battery recall.
Bank of Korea set to freeze key rate in October
The local equity market is still full of uncertainties and many investors are taking a wait-and-see approach, while bond market participants expect the Bank of Korea (BOK) to leave its key rate unchanged at 0.75 percent during an October monetary policy meeting.
Korea backs Samsung, SK over US moves for defense law
South Korea is on track to defend the best interests of the country's top two chipmakers - Samsung Electronics and SK hynix - as Korea's top trade negotiator officially stated his “grave concerns” regarding the Biden administration's move to apply the Defense Production Act (DPA).
Samsung eyeing expanded business ties with AMD, Intel
Samsung Electro-Mechanics, a Samsung Group affiliate specializing in the manufacture of electronic and electrical components, is pushing to expand its collaborations with top-tier tech companies as global chip shortages are expected to continue well into next year.
NongHyup's donation campaign on Jeju Island
NongHyup Financial Group Chairman Son Byung-hwan, second from left, poses after holding a corporate social responsibility program for welfare centers on Jeju Island, Friday. Under the program, NongHyup delivered 1,500 packages of agricultural products for islanders in need. Courtesy of NongHyup Financial Group
[ANALYSIS] Inflation concerns to push Bank of Korea to remain hawkish next year
The central bank continues to signal a benchmark rate hike as the latest developments in economic growth and inflation are forcing the Bank of Korea (BOK) to take pre-emptive steps.
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