SK HYNIX’S PROJECT TO BUILD NEW SEMICONDUCTOR COMPLEX APPROVED

Highlights –

• SK Hynix’s project to build new semiconductor complex approved.
• The project is said to be of $106 billion and is a move to ease supply shortages.
• The company has completed all the necessary administrative procedures...

S. KOREA LAUNCHES NEW COMMITTEE WITH BUSINESS GROUPS TO CUT GREENHOUSE GASES

Highlights –

• S. Korea launches new committee with business groups to cut greenhouse gases.
• The new committee has been formed from businesses of chip and display industries.
• The committee will make joint efforts to develop environmenta...

HYUNDAI ANNOUNCES TO START PILOT PROJECT TO REUSE BATTERIES FOR ELECTRIC VEHICLE

Highlights –

• Hyundai announces to start pilot project to reuse batteries for electric vehicle.
• S. Korea has decided to give regulatory exemptions for business models on the reuse of EV batteries.
• Hyundai has also decided to provide a ...

S. KOREA EXPECTS EXPORTS OF CHIPS TO TOP AT US$100 BILLION IN FY 2021

Highlights –

• S. Korea expects exports of chips to top at US$100 billion in FY 2021.
• The expected projection is said to increase by 10.2 percent on-year to $109.3 billion in 2021.
• The country’s two leading memory chipmakers are S...

SOUTH KOREA’S RETAIL SALES IN NOVEMBER PEAKED TO 6.3 PERCENT

Highlights –

• South Korea’s retail sales in November peaked at 6.3 percent.
• The combined of 26 major offline and online retailers reached 12.41 trillion won in November.
• Online platforms saw their sales jump 17 percent over the p...

Japan partially lifted curbs on exports to South Korea of a chip content

SEOUL, Dec. 20 (Yonhap) — In an apparent gesture of goodwill ahead of next week's trilateral summit with Seoul and Beijing, Japan partially lifted curbs on exports to South Korea of a chip content, one of three items subject to recent restrictions.

Yet Seoul said that while it...