South Korea

South Korea Eyes $3.1 Billion Foundry to Supercharge Its Chip Industry

ByAmna Habib

South Korea is making a bold move to strengthen its semiconductor sector. The government is considering building a new foundry worth about $3.06 billion (4.5 trillion won) to support chip manufacturing at home. This plan signals how serious the country is about competing globally as demand for chips, especially for AI, data centers, cars and electronics, continues…

South Korea Pushes to Extend U.S. Tariff Freeze Beyond 90 Days

South Korea Pushes to Extend U.S. Tariff Freeze Beyond 90 Days

ByAmna Habib

South Korea is making an urgent push to convince the United States to extend a temporary freeze on steel and aluminum tariffs beyond the current 90-day period. The move highlights Seoul’s concerns over economic stability and the future of trade relations with Washington, especially as global supply chains remain fragile. The request comes amid growing…