Korea eyes $19.8b Texas gas power project as 1st US investment deal

South Korea is nearing a decision to back a $19.8 billion gas-fired power project in Texas as the first investment under its strategic US investment commitment, according to government and industry sources Tuesday. The project, planned for Encinal, Texas, would have 6.4 gigawatts of generation capacity and is under final discussion between Seoul and Washington. Korea is expected to invest in the project through an equity stake in a special-purpose vehicle, with major Korean engineering and plant

2026-07-28 21:11:47:00

SK hynix scouts sites for Seoul headquarters

SK hynix is considering establishing a new office in Seoul — potentially in the Gangnam district — as the world's leading memory chip maker expands its operations amid an artificial intelligence-driven chip boom. The chipmaker, whose headquarters and main production base are in Icheon, Gyeonggi Province, is reviewing sites for a larger foothold in the capital, according to the company on Tuesday. "We are reviewing venues for a new office in Seoul as there are divisions that need office space to

2026-07-28 13:58:17:00

LG Innotek expands from robot 'eyes' to 'skin' with TDK

LG Innotek is expanding its robotics push from the "eyes" to the "skin," teaming up with Japan’s TDK to develop next-generation vision and tactile sensing modules for physical AI applications. The companies said Tuesday they have formed a strategic partnership combining LG Innotek’s optical and precision engineering capabilities with TDK’s broad portfolio of sensor technologies. Under the partnership, LG Innotek will integrate TDK sensors, including inertial measurement units, position sensors a

2026-07-28 13:58:06:00

Why Korea faces another US tariff fight

South Korea is stepping up negotiations with Washington to prevent another rise in US tariffs as the Trump administration increasingly turns to Section 301 of the Trade Act to pursue targeted trade action. The US last week finalized tariffs of up to 12.5 percent on goods from Korea and dozens of other economies over their controls on imports made with forced labor. Seoul is also subject to a separate investigation into structural overcapacity that could lead to additional duties. Korean trade ex

2026-07-27 15:12:15:00

China's CXMT eyes memory's 'Big 3' with $8.5b IPO

China’s ChangXin Memory Technologies is throwing its hat into the ring with a roughly $8.5 billion initial public offering as it seeks to challenge the dominance of Samsung Electronics, SK hynix and Micron Technology. Set to list on Shanghai’s STAR Market on July 27 in the largest flotation by a Chinese chipmaker, CXMT is using the offering as a global debut, billing itself as China’s largest and the world’s fourth-largest DRAM maker by capacity despite a far smaller market share than the indust

2026-07-19 16:41:21:00

Korea joins FIT-P to shape supply chain, digital trade rules

South Korea has joined the Future of Investment and Trade Partnership (FIT-P) to expand its global trade network and work with like-minded economies to tackle rising protectionism, geopolitical tensions and disruptions to multilateral trade. Trade Minister Yeo Han-koo formalized Korea’s accession at the second FIT-P ministerial meeting held Thursday to Friday in Auckland, New Zealand, the Ministry of Trade, Industry and Resources said Friday. Thailand and Peru also joined the meeting, expanding

2026-07-17 11:18:50:00

Micron locks in auto memory deals with Hyundai Mobis, Harman

Micron Technology is doubling down on automotive AI chips, signing multiyear supply agreements with major industry players including Hyundai Mobis, Harman and Qualcomm. The US memory chip-maker said Thursday it has signed strategic customer agreements with seven automotive technology partners: Qualcomm, Visteon, Harman, Joynext, Denso, Astemo and Hyundai Mobis. "As vehicles become increasingly intelligent, memory and storage are critical enablers of technology experiences that consumers demand,"

2026-07-17 10:52:43:00

Britain's Princess Anne calls for stronger support for women leaders in Korea

Britain’s Princess Anne said highly qualified women in South Korea need greater confidence, stronger networks and sustained support to move into leadership roles, as she attended the launch of a British-backed career development program in Seoul on Wednesday. The Princess Royal and younger sister of King Charles III joined a reception for the fourth cohort of the Empower Program at the Four Seasons Hotel Seoul, meeting women from science, technology, engineering, mathematics and other fields. “H

2026-07-16 14:39:30:00

LG Electronics maps H2 strategy around AI, robotics

LG Electronics convened about 300 executives from Korea and overseas on Thursday to review its second-half strategy and accelerate growth in robotics, AI data center cooling and other future businesses. The company’s expanded management meeting, chaired by CEO Lyu Jae-cheol, brought together headquarters and business-unit executives as well as regional chiefs and overseas subsidiary heads, both in person and online. The meeting follows a record first half, with LG Electronics reporting prelimina

2026-07-16 14:39:16:00

Business leaders seek AI-led growth at Jeju Forum

South Korea’s leading business figures gathered Wednesday on Jeju Island to seek new sources of growth as artificial intelligence reshapes the country’s industries, workplaces and education system. The Korea Chamber of Commerce and Industry opened its 49th Jeju Forum at the Shilla Jeju hotel, bringing together about 500 corporate executives, regional chamber leaders and senior government officials for four days of talks through Saturday. KCCI Chairman Chey Tae-won, who also heads SK Group, opene

2026-07-15 18:20:21:00