US CHIPS Act
Scope
Date
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Korean chipmakers
Samsung develops world’s fastest graphics DRAM chip
Samsung Electronics Co. on Thursday unveiled a sample of the industry’s fastest graphics DRAM, designed to significantly advance the graphics ...
Jul 14, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc buys US e-waste recycling firm for $332 mn
Korea Zinc, the world’s largest lead and zinc smelter, agreed to buy a majority stake in a US-based electronic waste recycling company for $33...
Jul 12, 2022 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 showcases guided rocket at top navy exercise
South Korea’s defense exporter LIG Nex1 Co. showcased its guided rocket at the world’s largest international maritime warfare exercise l...
Jul 11, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SD Biosensor seeks more M&As, to build diagnostic kit plant in US
SD Biosensor Inc., the world's largest COVID-19 test kit seller, is seeking additional merger and acquisition targets in the US following its recent...
Jul 10, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SD Biosensor, SJL Partners to acquire Meridian Bioscience for $1.53 bn
SD Biosensor Inc., the world's largest COVID-19 test kit seller, and private equity firm SJL Partners LLC are jointly acquiring Meridian Bioscience ...
Jul 07, 2022 (Gmt+09:00)
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Electric vehicles
POSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...
Jul 07, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor raises N.America workforce, cuts China staff
Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...
Jul 07, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung Elec's Q2 earnings signal end of upward run
Samsung Electronics Co. on Thursday estimated that its second-quarter operating profit and sales edged down from three months before, reversing its ...
Jul 07, 2022 (Gmt+09:00)
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Korean chipmakers
LG Innotek to invest $1.1 bn to ramp up substrate, camera module output
South Korea’s LG Innotek Co. said on Wednesday it will invest 1.4 trillion won ($1.1 billion) in expanding facilities for semiconductor substr...
Jul 06, 2022 (Gmt+09:00)
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Healthcare
Precision to supply to Antech for US vet diagnostics market entry
A number of veterinary diagnostics companies are struggling to differentiate themselves in the global market. According to Grand View Research Inc.,...
Jul 05, 2022 (Gmt+09:00)
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Corporate investment
Hyundai Motor to launch investment affiliate in US for further growth
South Korea’s Hyundai Motor Group will establish an investment company in the US state of Delaware to expand its presence in the North America...
Jul 01, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung's 3 nm chip narrows microchip gap with TSMC
Samsung Electronics Co. has kicked off mass production of 3-nanometer chips based on the industry’s smallest process node as a global first, a...
Jun 30, 2022 (Gmt+09:00)
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Korean food
Washington D.C. recognizes Korea as origin of kimchi
Washington D.C. has joined the three US states of California, Virginia and New York to designate Nov. 22 “Kimchi Day,” and has acknowled...
Jun 29, 2022 (Gmt+09:00)
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Korean chipmakers
SK Materials, Showa Denko to jointly seek US semiconductor gas business
SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., and Japanese chemicals company Showa Denko K.K. have agr...
Jun 29, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai showcases IONIQ 6, electrified streamliner
Hyundai Motor Co. on Wednesday unveiled the design of the IONIQ 6, its first all-electric sedan on an exclusive EV platform, with which South Korea&...
Jun 29, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s US partner Aptiv invests in self-driving startup StradVision
Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...
Jun 29, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung nears 3-nano chip mass production ahead of TSMC
Samsung Electronics Co. is close to mass producing 3-nanometer chips based on a next-generation ultramicro fabrication process as a global first and...
Jun 28, 2022 (Gmt+09:00)
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Artificial intelligence
South Korea to invest $794 million in AI chips, nurture 7,000 experts
The South Korean government has decided to invest 1.02 trillion won ($794 million) in the artificial intelligence semiconductor sector and foster ov...
Jun 28, 2022 (Gmt+09:00)
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Korean startups
Translink: Startup fundraising barely affected by economic downturn
Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...
Jun 26, 2022 (Gmt+09:00)
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Korean chipmakers
Ex-Samsung exec says Korea chip sector needs more support
South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...
Jun 22, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung to boost chip substrate investment after Apple order
Samsung Electro-Mechanics Co. will expand its manufacturing facilities for high-performance package substrates in both South Korea and Vietnam, afte...
Jun 22, 2022 (Gmt+09:00)
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Electric vehicles
Kia Sportage speeds up Hyundai’s eco-friendly push
Kia Corp.'s Sportage plug-in hybrid electric vehicle (PHEV) was recently recognized as the best model in the segment by two influential German auto ...
Jun 19, 2022 (Gmt+09:00)
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Electronics
LG Elec looks to pluck AI talent from Amazon, Microsoft
LG Electronics Inc.’s artificial intelligence head Lee Hyun-chul flew to Seattle this week to lure AI talent from Microsoft Corp. and Amazon.c...
Jun 17, 2022 (Gmt+09:00)
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Bio & Pharma
LianBio teams with Korean MediRama to ease US biotechs' foray into Asia
LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...
Jun 17, 2022 (Gmt+09:00)
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Beauty & Cosmetics
K-beauty makers focus on US as China business slows
South Korea’s major cosmetics makers are trying to lure more customers in North America as the K-beauty boom has been weakening in China, the ...
Jun 16, 2022 (Gmt+09:00)
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Bio & Pharma
Lotte plans to expand bio capacity in Korea and US
Lotte Group is preparing to kickstart its biopharmaceutical business as a contract development and manufacturing company (CDMO) by building a new pl...
Jun 16, 2022 (Gmt+09:00)
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Korean chipmakers
Doosan adds chip post-processing to list of growth drivers
Doosan Group has added semiconductor post-processing services to its core businesses and plans to invest 1 trillion won ($774 million) in its microc...
Jun 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Voice Caddie, Daol PE acquire US golf grip brand SuperStroke
Voice Caddie, a South Korean maker of golf course rangefinders and related golf products, and Daol Private Equity are jointly acquiring SuperStroke,...
Jun 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea webtoon startup Kenaz acquired by hedge fund
South Korea’s leading webtoon production startup Kenaz was taken over by a domestic hedge fund as it aims to reduce dependence on major platfo...
Jun 15, 2022 (Gmt+09:00)
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North Korea
North Korea missile tests drawing tougher response from US, South Korea
SEOUL—The U.S. and South Korea are responding to North Korea’s unprecedented number of missile tests this year with a greater show of ...
Jun 13, 2022 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators