Seoul, July 12 (IANS) Samsung Electronics is moving to begin operations at the first semiconductor fabrication plant in its Yongin chip cluster in 2029, one to two years earlier than planned, industry sources said on Sunday.The accelerated timeline comes as the government speeds up development of the Yongin National Industrial Complex, a national strategic project set to serve as the company’s next-generation semiconductor manufacturing hub, reports Yonhap news agency.Samsung is currently planni…
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Seoul, July 4 (IANS) South Korean President Lee Jae Myung on Saturday rejected criticism by opposition sides that the government’s large-scale regional investment drive is aimed at boosting his approval ratings, saying the three “megaprojects” are designed to create new hope and a future for the country.Earlier this week, the government unveiled its “three megaprojects” initiative, which envisions a national transformation driven by semiconductors, physical artificial intelligence (AI) and AI da…
Seoul, June 29 (IANS) South Korea on Monday unveiled an ambitious plan to build a new semiconductor manufacturing hub in the country’s southwestern region through 800 trillion won ($518 billion) in corporate investment.The proposed investment underscores Seoul’s determination to maintain its dominance in memory chips, which have become increasingly critical amid a global artificial intelligence (AI) boom, while advancing the government’s goal of more balanced regional development, reports Yonhap…
Seoul, June 29 (IANS) South Korea plans to develop a new semiconductor production base in the country’s southwestern region through 800 trillion won ($517.9 billion) in corporate investments that will create four memory chip fabrication plants, Industry Minister Kim Jung-kwan said on Monday.Kim unveiled the investment plan to transform the Gwangju and Jeolla regions into the nation’s second major semiconductor cluster, alongside the existing hub in the Seoul metropolitan area, during a national …
Seoul, May 26 (IANS) Shinsegae Group Chairman Chung Yong-jin said on Tuesday he would like to “ask for forgiveness” over the controversial promotional event by Starbucks Korea that evoked painful memories of a brutal military crackdown against the 1980 Gwangju pro-democracy movement.”I take very seriously the fact that many people have felt deep pain and anger due to Starbucks Korea’s inappropriate marketing,” the retail company chief said at a press conference held in southern Seoul, reports Yo…
Seoul, May 1 (IANS) Highways across South Korea were congested Friday, as outbound traffic built up on the first day of an extended holiday that began with Labour Day. Earlier this year, the government designated Labour Day as a national holiday, allowing all workers to take the day off. If people take Monday off, they can enjoy up to five days of holiday including the weekend as Children’s Day, another national holiday, falls on Tuesday this year.More than six million vehicles were estimated to…
Seoul, April 24 (IANS) The government will designate 10 cities to serve as major hubs for startup ecosystems by next year in a bid to promote balanced regional growth and create more jobs for young people, the finance ministry here said on Friday.It will first designate four cities that house the country’s major science institutes — Daejeon, Daegu, Gwangju and UIsan — as startup hubs this year, and name six more cities outside of the greater Seoul area with such potential next year, according …
Seoul, April 24 (IANS) The South Korean government will designate 10 cities to serve as major hubs for startup ecosystems by next year in a bid to promote balanced regional growth and create more jobs for young people, the finance ministry said on Friday. It will first designate four cities that house the country’s major science institutes — Daejeon, Daegu, Gwangju and UIsan — as startup hubs this year, and name six more cities outside of the greater Seoul area with such potential next year, a…
Seoul, April 6 (IANS) South Korea’s Cabinet approved a motion Monday to amend some texts in the Constitution, setting the stage for the National Assembly to vote on the proposed amendment, and, if passed by lawmakers, the amendment will be put to a national referendum.The move comes after 187 lawmakers from the ruling Democratic Party and five minor parties jointly proposed the bill on Friday to tighten the requirements for declaring martial law and incorporate the spirit of past pro-democracy m…
New Delhi, March 30 (IANS) As India’s Sheetal Devi continues her remarkable ascent in para archery, she expressed heartfelt gratitude after being named the ‘Para Archer of the Year’ by World Archery. The global governing body recognised her ‘breakthrough season’ by celebrating her outstanding performances and contributions to the sport over the past year.Devi’s award caps off a historic season in which she claimed her first world title at the World Archery Para Championships in Gwangju. …