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K-pop and semiconductors: How are they similar?

Posted : 2021-04-16 18:02 Updated : 2021-04-16 18:27 Lee Jang-woo, a professor of business administration at Kyungpook National University and the chairman of the Institute for Success and Economy, speaks during a K-pop seminar at the Korea Press Center in Seoul, Thursday. Courtesy of Institute for Success and Economy By Dong Sun-hwa At first glance, K-pop and semiconductors seem unrelated ― they have different market sizes, target audiences and business models. But from an industrial perspective, the two can still fall into the same category of being the first movers, according to experts. During Thursday s seminar titled Significance and Implications of K-pop s Success for Innovation of Korean Economy ― which was hosted by the Institute for Success and Economy, the Korea Institute for Industrial Economics & Trade (KIET) and the Korea Cultural Industry Forum ― researchers discussed common ground that the K-pop and local semiconductor industries share in terms of in

Hyundai Motor to replace battery systems in $900 million electric car recall

Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks - a costly $900 million recall that lays bare the thorny issue of how car and battery makers split the bill when problems arise. The recall is one of the first mass battery pack replacements conducted by a major automaker. The recall mostly concerns the Kona EV, Hyundai's biggest-selling electric car which was first recalled late last year for a software upgrade after a spate of fires.

Korea needs to join trans-Pacific partnership, draw foreign investment

Korea needs to join trans-Pacific partnership, draw foreign investment Posted : 2021-01-19 16:48 Updated : 2021-01-19 17:36 Korea Development Institute (KDI) researcher Song Yeong-kwan speaks during a press briefing at the Sejong Government Complex, Tuesday. Courtesy of KDI By Lee Kyung-min Korea should join a trade agreement among 11 countries in the trans-Pacific area to better navigate new U.S. trade conditions under Biden, a state-run think tank report said Tuesday. Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), will help Korea diversify its trading partners, a move that could limit its vulnerability to uncertainties involving the current China-centered global value chain (GVC), Korea Development Institute (KDI) researcher Song Yeong-kwan said.

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