South Korea on Tuesday, April 15, announced a 33 trillion won ($23.25 billion) support package for its vital semiconductor industry, as high levels of tariff uncertainty from the United States threaten companies based in the Asian country.
Last Sunday, March 30, China, Japan, and South Korea held their first economic dialogue in five years, reflecting the desire of these Asian countries to facilitate regional trade in preparation for countering the negative impact of tariffs from President of the United States Donald Trump.
Samsung Electronics Co. pledged to strengthen its position in the high-bandwidth memory chip market in the current year.
On Monday, February 17, South Korea announced its plans to secure 10,000 high-performance graphics processing units in a bid to keep pace as the global artificial intelligence race escalates.
South Korean company SK Hynix, one of the largest manufacturers of memory chips in the world, on Thursday, January 23, published information about its earnings for the fourth quarter of 2024.
South Korea on Monday, January 20, pledged to set aside a record amount of financial support for exporters to mitigate any potential consequences of a likely change in United States trade policy after the inauguration of Donald Trump.
In December, South Korean exports showed an acceleration in growth, exceeding preliminary market expectations and ending 2024 with record indicators, as evidenced by trade data released on Wednesday, January 1, which does not negate the risks relevant for 2025.
The value of shares of Boeing is currently on a downward trajectory.
In South Korea, factory output in November showed a decline at a rate that exceeded preliminary expectations regarding the intensity of the relevant process.
Alibaba Group Holding Ltd. has agreed to form a joint venture for its South Korean operations with the e-commerce platform E-Mart Inc.
Deutsche Bank Merchant Solutions capabilities are officially available in Australia, India, Indonesia and South Korea. They provide the bank’s clients with a global payment acceptance platform with a diverse range of local payment methods.
South Korea has ordered Meta Platforms to pay a fine of 21.62 billion won ($15.67 million).
In South Korea, a slowdown in the export dynamic was recorded last month.
New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.
Eastern Asia is the sixth largest cryptocurrency economy in the world this year, accounting for 8.9% of global crypto value received between July 2023 and June 2024. South Korea and Hong Kong stand out as the most crypto-active countries in the region, with institutions driving increased adoption.
Stripe’s Optimized Checkout Suite and Radar Assistant powered by AI complement Stripe’s new Adaptive Pricing feature in an offering for Asian businesses involved in cross-border commerce.
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