Tag: #korea13 results
Korean presidential policy chief Kim Yong-van proposes a 'citizen dividend' from AI industry's excess profits. He argues AI gains stem from decades of national industrial foundation, to be shared with all citizens. Idea shared in his Facebook post.
Anthropic executives will visit South Korea next week to collaborate with the government on preventing AI safety risks. The move was announced by Korean government and industry sources on June 6.
AMD CEO Lisa Su visited Korea and met Samsung Mobile Co-CEO Roh Tae-moon and Upstage's Sung Kim. Discussions focused on strengthening AI collaborations in the region. The two-day trip aims to drive AI innovation partnerships.
Hyundai Motor Group is reportedly set to announce a 10 trillion KRW investment in Korea's west coast. The funds will support expansion into AI for autonomous driving and robotics technologies. This marks a significant push by the automaker into AI-driven mobility.
The article analyzes how the semiconductor industry, specifically key AI-related chips, has become the primary driver of the South Korean stock market. It highlights the strategic importance of these components in the global capital market landscape.
Fueled by strong gains in AI-related tech giants, Korea's stock market total value soared over 45% YTD to 4.04 trillion USD, overtaking the UK's 3.99 trillion USD which grew 3%. At 2024 year-end, UK market was twice Korea's size.
South Korea plans to lift renewable energy generation to 20% by 2030 to cut import dependence and meet high-end industry power surge. Emphasizes solar/wind expansion to 100 GW and closing 60 coal plants by 2040. Also aims for 40% NEV share in new car sales.
South Korea's online shopping sales reached 24.6 trillion KRW in June, driven by strong mobile device sales and a 56.8% surge in automotive-related spending. The growth highlights shifting consumer trends in the Korean digital market.
South Korea's biopharmaceutical exports reached $4.5 billion in the first half of the year, marking a 15.3% year-over-year increase. This sector now accounts for 86.5% of the country's total pharmaceutical exports.
South Korea has begun merging provincial and municipal administrative districts, starting with the Gwangju-Jeonnam integration, to address population decline and regional economic imbalance.