Roh a key player in brutal crackdown on pro-democracy protesters; first elected president

Samsung Electronics Co. will quickly decide on a foundry investment in the United States, a senior executive said Tuesday, as the South Korean tech giant seeks to become the world's No. 1 player in the logic chip and foundry sectors. Samsung Electronics, the world's No. 2 foundry firm behind Taiwan's TSMC, announced in May that it will build a $17 billion fab in the US Samsung's de facto leader Lee Jae-yong is widely speculated to visit the US, possibly next month, to finalize the site, with t

Loan guarantees among affiliates of South Korea's conglomerates soared this year from a year earlier due to the addition of more large business groups to the corporate watch list, the antitrust regulator said Tuesday. Of 40 conglomerate affiliates on the list, the total corporate debt payment guarantees by eight units reached 1.16 trillion won ($993 million) as of May 1, up 1,242 percent from 86.4 billion won the previous year, according to the Korea Fair Trade Commission (KFTC). The jump was

Despite a complicated assessment of his political career, the late former President Roh Tae-woo is widely credited for opening a new chapter in South Korea's diplomatic ties with communist nations under his signature Nordpolitik and laying the groundwork for promoting inter-Korean relations. Roh, who died at the age of 88 Tuesday, was the country's first president to establish diplomatic relations with the traditional allies of North Korea in the late 1980s and early 1990s, including the Sovie

CJ OliveNetworks CEO Cha shares ‘small, but meaningful’ success stories

The main opposition People Power Party (PPP) expressed condolences over the death of former President Roh Tae-woo but also promised not to repeat the faults of his political legacy. Roh, who served as president from 1988-93, died Tuesday at 88 after failing to recover from health problems. The former general who succeeded Chun Doo-hwan as president has been credited for building ties with socialist states, including the establishment of diplomatic relations with the Soviet Union in 1990 and C

Green, digital and metaverse among keywords for the future of industries

Executive behind SKT’s “ifland” platform touts metaverse as place where all can happen

Seoul and Washington have agreed to set up a hotline to discuss cooperation for the stable supply of semiconductors, and raised the level of an existing dialogue channel for industrial cooperation amid a worldwide shortage of chips. The South Korean government also repeatedly expressed concern over a recent US request for Samsung Electronics as well as other global chipmakers to provide information on their supply chains by Nov. 8, the Ministry of Trade, Industry and Energy said Tuesday. Seoul

Database replication solution companies DataStreams and Arkdata announced Monday they agreed to cooperate on big data. The two companies signed a memorandum of understanding on exchanging technologies to enhance data replication and create a joint business model to expand into the market. DataStreams has a change data capture, or CDC, solution, which can merge data real-time through its transaction system and sends changes recorded in the source database to the target database. Arkdata was t

South Korean stocks advanced for a second consecutive day Tuesday, backed by expectations for strong corporate earnings. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) advanced 28.54 points, or 0.94 percent, to close at 3,049.08 points. Trading volume was moderate at about 547 million shares worth some 9.2 trillion won ($7.9 billion), with gainers outnumbering losers 574 to 271. Foreigners bought a net 106 billion won, while retail investors

Science Minister and AmCham Korea chief say transformation is key to joining post-pandemic world order

‘Dr. Waste’ Hong Su-yeol calls for transition to circular, zero-waste economy, where resources are reused