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☆ South Korea prepares support package worth over $7 bln for chip industry
▼ + stars: | 2024-05-12 | by ( ) www.cnbc.com time to read: +1 min

A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesSouth Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a "war" in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. South Korea is also building a mega chip cluster in Yongin, south of its capital, Seoul, which it touts as the world's largest such high-tech complex. President Yoon Suk Yeol has vowed to pour all possible resources into winning the "war" in chips, promising tax benefits for investments.

Persons: SeongJoon Cho, Choi Sang, mok, Choi, Yoon Suk Yeol Organizations: Samsung Electronics Co, Galaxy, Bloomberg, Getty Images, Finance Locations: Seoul, South Korea, Korea

☆ South Koreans mourn as country’s first celebrity panda, Fu Bao, heads to China
▼ + stars: | 2024-03-12 | by ( Yoonjung Seo | ) edition.cnn.com time to read: +5 min

Fu Bao fandomBorn to parents Ai Bao and Le Bao in July 2020 as part of China’s “panda diplomacy” program, Fu Bao is South Korea’s first naturally-bred panda. Some South Koreans said Fu Bao provided them with moments of joy during the pandemic. In one video, Fu Bao clings tightly to Kang’s leg, unwilling to let go, as he spins gently around the room. The other short video shows Fu Bao clinging to Kang’s arm while relaxing on a wooden bench. Once Fu Bao departs for China, there will be four giant pandas left at Everland – Fu Bao’s mother Ai Bao, father Le Bao, and their twin babies Rui Bao and Hui Bao, who were born last July.

Persons: Fu Bao, Fu, Fu Bao’s, Ai Bao, Le Bao, ”, you’re, zookeeper, grandpa, Kang Chul, ” Kang, 판다월드, Everland, Rui Bao, Hui Bao Organizations: CNN, South Korea’s, South, YouTube, China Conservation and Research Center, Samsung, China Wildlife Conservation Association Locations: South, Yongin city, South Korea, China, Everland, Sichuan Province

The South Korean and American flags fly next to each other at Yongin, South Korea, August 23, 2016. Army/Handout via REUTERS/File Photo Acquire Licensing RightsINJE, South Korea, Oct 28 (Reuters) - South Korean and U.S. troops held joint future combat drills involving drones, an unmanned vehicle and wearable laser sensors this week as part of efforts to modernise their militaries, Seoul's army said on Saturday. The training came as South Korea's military conducts a series of annual Hoguk autumn exercises aimed at improving responses to North Korea's nuclear and missile threats. The drills also mobilised various high-tech weapons systems aimed at beefing up future combat capabilities, with the troops wearing multiple integrated laser engagement systems (MILES), which uses lasers to simulate actual battle. Several drones were flown for reconnaissance purposes, some also firing an assault rifle, while South Korea dispatched a multipurpose unmanned vehicle to carry wounded personnel.

Persons: Ken Scar, Choi Jeong, Derek Chen, Hyonhee Shin, Daewoung Kim, Raju Gopalakrishnan Organizations: . Army, REUTERS, Korean, Korea Combat Training, South, Korean army's 25th Infantry Division, TIGER, 2nd Stryker Brigade Combat Team, U.S . 4th Infantry Division, Thomson Locations: Yongin, South Korea, U.S, Korean, Pyongyang, Inje, South, Britain, Uzbekistan, Cambodia

[1/2] The South Korean and American flags fly next to each other at Yongin, South Korea, August 23, 2016. Officials from the United States and South Korea are meeting on Tuesday in Seoul for the first Nuclear Consultative Group discussion, aimed at better coordinating allied nuclear response in the event of a war with North Korea. China and North Korea have criticised the group's formation as further raising tensions on the Korean peninsula. When asked whether South Korea will have a role in U.S. nuclear war planning, a senior U.S. administration official told Reuters the group was more about sharing information. "We will discuss information sharing, consultation system, steps for joint planning and implementation to strengthen nuclear deterrence against North Korea," Yoon's spokesperson, Lee Do-woon, told reporters on Monday.

Persons: Ken Scar, Yoon Suk Yeol, Yoon, Kim Tae, Pacific Affairs Kurt Campbell, Lee, woon, General John Weidner, Josh Smith, Steve Holland, David Brunnstrom, hyang Choi, Ed Davies, Stephen Coates Organizations: . Army, REUTERS, Nuclear, Monday, South, Reuters, South Korea's, . National Security, Pacific Affairs, . U.S, U.S . Forces, Thomson Locations: Yongin, South Korea, SEOUL, United States, North Korea, Seoul, Korea, U.S, Washington, China, ., U.S . Forces Korea, Lincoln

☆ South Korean zoo welcomes giant panda twins
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

[1/2] Giant Panda Ai Bao holds her baby panda with mouth after giving birth to twin at Everland amusement park in Yongin, South Korea, July 11, 2023. Samsung C&T/Yonhap via REUTERSSEOUL, July 11 (Reuters) - A South Korean zoo said on Tuesday it had recently welcomed the first giant panda twins to be born in the country. The first twin weighed 180 grams (6.35 oz) and the second, which arrived nearly two hours later, weighed 140 grams. The birth of the twins comes nearly three years after Fu Bao, the first panda to be born in South Korea, came into the world with the same parents Ai Bao and Le Bao. Fu Bao is due to be returned to China by July next year at the latest, the zoo said.

Persons: Ai Bao, Donghee Chung, Chung, Fu Bao, Le Bao, Cherwon Kang, Ai Bao's, Kang, Hyunsu Yim, Ed Davies Organizations: Samsung, REUTERS, YouTube, Thomson Locations: Yongin, South Korea, REUTERS SEOUL, Korean, Seoul, China

☆ South Korea Plans Mega Chip-Making Base to Stay Ahead
▼ + stars: | 2023-03-15 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

A new industrial complex for advanced semiconductors is set to be formed in South Korea’s Gyeonggi province. SEOUL—South Korea announced plans to create the world’s largest semiconductor base in the country over the coming two decades, looking to protect its position as a leader in the industry as the U.S. and other countries move to bolster their own chip production. A new industrial complex for advanced semiconductors will be formed by 2042 in the city of Yongin in Gyeonggi province near Seoul, based on private-sector investments of around 300 trillion won, equivalent to about $228 billion, South Korea’s Ministry of Trade, Industry and Energy said Wednesday.

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