May 13 2021, 11:46 PM
May 13 2021, 11:30 AM
May 13 2021, 11:46 PM
(Bloomberg)
(Bloomberg)
South Korea unveiled ambitious plans to spend roughly $450 billion to build the worldâs biggest chipmaking base over the next decade, joining China and the U.S. in a global race to dominate the key technology.
Samsung Electronics Co. and SK Hynix Inc. will lead more than 510 trillion won of investment in semiconductor research and production in the years to 2030 under a national blueprint devised by President Moon Jae-inâs administration. Theyâll be among 153 companies fueling the decade-long push, intended to safeguard the nationâs most economically crucial industry. Moon got a briefing from chip executives on the initiative Thursday during a visit to the countryâs most advanced chip factory, a Samsung plant south of Seoul.
South Korea unveiled ambitious plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade, joining China and the US in a global race to dominate the key technology.
Samsung Electronics Co. and SK Hynix Inc. will lead more than 510 trillion won of investment in semiconductor research and production in the years to 2030 under a national blueprint devised by President Moon Jae-in’s administration. They’ll be among 153 companies fueling the decade-long push, intended to safeguard the nation’s most economically crucial industry. Moon got a briefing from chip executives on the initiative Thursday during a visit to the country’s most advanced chip factory, a Samsung plant south of Seoul.
Time to promote innovation
Manufacturing sector needs to enhance technological prowess
Korea s manufacturing sector propped up the economy last year amid the global business slump resulting from the fallout from the COVID-19 pandemic, according to a recent report. The global economy contracted 3.3 percent in 2020, but the local economy contracted a mere 1 percent thanks to its manufacturing industry armed with top-class competitiveness, thus minimizing the crisis caused by the prolonged outbreak, it said.
The report, the Korean manufacturing industry s competitiveness shored up the economy amid COVID-19 crisis, released Wednesday by the Korea Institute for Industrial Economics and Trade (KIET), said it was impossible to overemphasize the importance and contribution of the nation s manufacturing sector. The U.N. Industrial Development Organization also ranked Korea s manufacturing competitiveness as the third highest in the world, behind Germany and China, based on its Competit
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
After 2 yrs, smartphone users still hungry for 5G, fast speed
Sun, Apr 04 2021 10:41:11 AM
Seoul, Apr 4 (IANS): When 5G networks were first rolled out in South Korea in April 2019, telecom operators claimed that their ultrafast mobile speeds and low latency would usher in a new era for smartphone users and even power future technologies from autonomous vehicles to virtual reality (VR) content to cloud gaming.
Fast forward to 2021, self-driving cars are still a way off and cloud games still work on previous 4G LTE networks.
The next-generation networks have instead faced user disappointment due to slower-than-expected speeds and patchy network connection, leading to underwhelming adoption, reports Yonhap news agency.