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☆ US B-52 bomber joins drills with South Korea amid North Korea tension
▼ + stars: | 2023-06-30 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, June 30 (Reuters) - A U.S. B-52 strategic bomber took part in military exercises with South Korea on Friday, Seoul officials said, in the latest show of force amid tension over North Korea's failed launch of a spy satellite. The U.S. military also flew its F-16 and F-15 fighters alongside the bomber for the drills, which were joined by South Korean F-35 and KF-16 jets, Seoul's defence ministry said. North Korea unsuccessfully tried to launch its first spy satellite early this month, prompting emergency alerts and brief evacuation warnings in parts of South Korea though the booster and payload plunged into the sea shortly after lift-off. The two countries' militaries have been carrying out various training exercises since March, including air and sea drills involving a U.S. aircraft carrier and B-1B and B-52 bombers. North Korea has denounced the exercises as a rehearsal for war, accusing the allies of ramping up "nuclear blackmail."

Persons: Yoon Suk Yeol, Joe Biden, Hyonhee Shin, Kim Coghill Organizations: South, KF, U.S, Thomson Locations: SEOUL, U.S, South Korea, Seoul, North Korea, Korea

☆ North Korea: "No intention to examine" Hyundai Group chief's bid to visit
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

SEOUL, July 1 (Reuters) - North Korea has no intention to "examine" South Korea's Hyundai Group chief's plan to visit the North's Mount Kumgang, the country's foreign ministry said in a statement on Saturday. Hyundai Group Chairwoman Hyun Jeong-eun has been seeking to visit North Korea in August and submitted applications to South Korea's unification ministry, Yonhap news agency reported on Friday, citing an unnamed official at the ministry. Hyundai's late founder, Chung Ju-Yung, was born in North Korea. Mount Kumgang is on North Korea’s east coast near the demilitarised zone separating the two countries. North Korea has long rejected criticism of its rights conditions as part of a plot to overthrow its rulers.

Persons: Kumgang, Hyun Jeong, Chung, Yung, Yoon Suk, Heekyong Yang, Sandra Maler, William Mallard Organizations: Korea's Hyundai, Hyundai, DPRK, Thomson Locations: SEOUL, North Korea, Korea, North Korea’s, Kaesong, Pyongyang

REUTERS/Kim Hong-Ji/File PhotoSEOUL, June 29 (Reuters) - South Korean President Yoon Suk Yeol on Thursday picked a conservative scholar and an outspoken critic of North Korea's human rights record as the country's new unification minister handling relations with Pyongyang in a cabinet reshuffle. Kim, 63, served as a presidential secretary for unification and a human rights envoy under the conservative Lee Myung-bak and Park Geun-hye administrations. North Korea has long rejected criticism of its rights conditions as part of a plot to overthrow its rulers. Kim is the right person to pursue a "principle-based" and consistent North Korea policy, said Yoon's chief of staff, Kim Dae-ki. The unification ministry's role ranges from cross-border dialogue and exchanges to studying human rights abuses in North Korea and helping defectors resettle in the South.

Persons: Kim Hong, Yoon Suk, Kim Yung, Yoon, Kim, Lee Myung, Kim Jong, Kim Dae, Jang Mi, Soo, hyang Choi, Hyunsu Yim, Jack Kim, Ed Davies, Gerry Doyle Organizations: South, REUTERS, Sungshin Women's University, North, Thomson Locations: Korean, South Korean, Paju, South Korea, SEOUL, Pyongyang, North Korea, North Korean, Korea, United States

At its peak in 2011, the swap deal was worth $70 billion. With both sides sitting on ample foreign exchange reserves, the swap deal is unlikely to be put into action anytime soon, he added. Masato Kanda, Japan's vice finance minister for international affairs also said the currency swap deal would promote co-operation. The bilateral finance talks were to have taken place every year under a 2006 agreement, but were last held in 2016. With China and North Korea growing concerns, South Korean President Yoon Suk Yeol met with Japanese Prime Minister Fumio Kishida in May, the third between the two this year, marking a thaw in years of icy relations between the Asian neighbours.

Persons: Yoon Suk Yeol, Kim Keon, Issei Kato, Shunichi Suzuki, Choo, Suzuki, Masato Kanda, Kanda, Fumio Kishida, Tetsushi Kajimoto, Jihoon Lee, Edwina Gibbs, Clarence Fernandez, Kim Coghill Organizations: Tokyo International, REUTERS, Japanese Finance, Korean, Japanese, South Korea, Thomson Locations: Korean, Tokyo, Japan, Seoul TOKYO, SEOUL, South Korea, Seoul, China, North Korea, South

☆ Japan, S.Korea to discuss FX swap deal in first finance talks since 2016
▼ + stars: | 2023-06-28 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

The swap deal expired in 2015 amid worsening relations over issues related to Japan's wartime occupation of the Korean Peninsula, and its restoration would symbolise the improvement in relations, analysts say. "We must strongly raise the momentum for historic improvement of Japan-South Korea relations. The ministers will also discuss global economic developments, infrastructure investment in developing countries, and the role both countries could play in multilateral financial cooperation. The bilateral finance talks, the eighth of their kind, were last held in 2016. Reporting by Tetsushi Kajimoto; Editing by Leika Kihara, Simon Cameron-Moore and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoon Suk Yeol, Kim Keon, Issei Kato TOKYO, Shunichi Suzuki, Choo Kyungho, Masato Kanda, Suzuki, Choo, Tetsushi Kajimoto, Leika Kihara, Simon Cameron, Moore, Gerry Doyle Organizations: Tokyo International, REUTERS, Japanese Finance, Korean, Thomson Locations: Korean, Tokyo, Japan, South Korea, China, North Korea, Ukraine

The announcement did not name Choi and gave only limited details, although some media subsequently identified Choi and his links with Foxconn. The unreleased 18-page indictment, reviewed by Reuters, provides details in the case against Choi, including how he is alleged to have stolen Samsung's trade secrets and details about the planned Foxconn plant. Choi's Singapore-based consultancy Jin Semiconductor won the contract with Foxconn around August 2018, according to the indictment. According to the indictment, the new Foxconn plant had planned capacity of 100,000 wafers per month using 20-nanometre DRAM memory chip technology. However, Foxconn ended the contract just a year later and only paid salaries related to the project, the lawyer said.

Persons: Kim Hong, Choi Jinseog, Taiwan's Foxconn, Choi, Kim Pilsung, Cho Young, sik, Samoo, Choi's, Chung Chan, Kim, Foxconn, Cho, HanmiGlobal, Chung, Lee Jong, Lee, Jin Semiconductor's, Yoon Suk, 1,294.4600, Heekyong Yang, Ben Blanchard, Chen Lin, Josh Ye, Miyoung Kim, Lincoln Organizations: Samsung Electronics, REUTERS, Samsung, South, Prosecutors, Reuters, Jin Semiconductor, Foxconn, Samoo Architects & Engineers, Google, SK Hynix, Samsung's, Sangmyung University, Hai Precision Industry Co Ltd, South Korean, Thomson Locations: Suwon, South Korea, SEOUL, China, Choi's Singapore, Xian , China, HanmiGlobal, South, CHINA, United States, Taipei, Singapore, Hong Kong

But when asked their age in informal settings, most South Koreans will answer with their “Korean age,” which could be one or even two years older than their international age. Born on December 31, 1977, he is considered 45 by international age; 46 by calendar year age; and 47 by Korean age. Under this law, people are allowed to buy alcohol starting in the year they turn 19 (in international age). Many residents are likely to continue using the traditional Korean age system in day-to-day life and social scenarios, as is common. And it marks a victory for lawmakers who have spent years campaigning to standardize international age, fed up with the multiple systems.

Persons: South Korea CNN —, –, ”, Lee Wan, ” Lee, Yoon Suk, Psy, Lee Organizations: South Korea CNN, South, Ministry of Government Locations: Seoul, South Korea, South Korea’s, China, South Koreans

☆ South Korea aims to curb private education spending, axe 'killer questions'
▼ + stars: | 2023-06-26 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

"We will cut the vicious cycle of killer questions in exams, which leads to excessive competition among students and parents in private education," education minister Lee Ju-ho told a briefing. The ministry also vowed to crack down on private education "cartels" by ramping up efforts to monitor what it termed false and exaggerated advertising by private schools targeting exam preparations. Local media have reported on alleged connections between the private education industry and government education officials in drawing up college entrance exams that require private tutoring to master. Nearly eight in 10 students use in private education products such as cram schools, known as "hagwons", according to the report. Shin So-young, an activist at civic group The World Without Worry About Private Education, said the planned changes may not be enough to contain the competition.

Persons: Yoon Suk, Lee Ju, Yoon, Shin, Woongjin Thinkbig, 1,302.0300, Soo, hyang Choi, Hyunsu Yim, Jack Kim, Ed Davies, Gerry Doyle Organizations: South Korea, Education, Thomson Locations: South, SEOUL, South Korea's, South Korea, KS, MegaStudyEdu

☆ Sam Altman is AI's compelling preacher. The world is ready to bow down.
▼ + stars: | 2023-06-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Sam Altman is a man on a mission: Sell the world on AI. Insider spoke to people who met or saw Altman during his tour, who say the CEO was a convincing preacher. Sam Altman knows he's at an inflection point. On June 9, at a fireside chat in Seoul, Korea, the OpenAI CEO acknowledged he was on a "diplomatic mission." "Sam replied that he did not know and asked the student to tell him in ten years," Mathew said.

Persons: Sam Altman, Altman, Isaac Herzog, He's, Narendra Modi, Yoon Suk, Emmanuel Macron, Rishi Sunak, ChatGPT, Varshal Gupta, Gupta, OpenAI, Sam, Frances, …, Jacob Mathew, Mathew, Felfoul Organizations: Knights, Innovation, Google, Health, OpenAI, Qatar National Library, European Union, EU, WISE Locations: Seoul, Korea, Israel, Jordan, Qatar, UAE, India, Tel Aviv, South Korea, France, Delhi, Doha, European

☆ Cloning Scientist Hwang Woo-suk Gets a Second Chance. Should He? - The New York Times
▼ + stars: | 2023-06-21 | by ( David Cyranoski | ) www.nytimes.com time to read: +1 min

Science is known for rigorous self-policing by the research community, yet it can feel like scientific fraud is rampant. The story of Hwang Woo-suk, a South Korean scientist who gained notoriety for claiming to clone human embryos, provides clues. After leaving the field in disgrace, Dr. Hwang has landed in clover, and now spends his days cloning beauty show and racing camels for United Arab Emirates royalty. Dr. Hwang burst into the spotlight in 2004 when he reported success in making an embryonic human clone and deriving stem cells from it. This was the proof-of-principle for the once-hyped “therapeutic cloning” — in which patients’ own cells, from the skin or other tissue, could be used to create embryonic stem cells with their genetic signature, which could then be used to treat diseases.

Persons: Hwang Woo, suk, Hwang Organizations: South, United Arab, Netflix, YouTube Locations: South Korean, United Arab Emirates

☆ India's Modi is on a landmark visit to the U.S. Here's what to expect
▼ + stars: | 2023-06-21 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +10 min

"This is a very important visit, it is as much about India reaching out to the U.S., as it is about the U.S. reaching out to India," Pant said. Energy: Reliance on Russian oilAlthough India's purchase of Russian weapons could fall, the same can't be said for oil. When Western nations imposed sanctions on Russian oil as a result of the unprovoked war in Ukraine, India doubled down on its purchases. Russian oil currently accounts for almost 20% of India's annual crude imports, a significant increase from just 2% in 2021, Reuters reported. But India has continued to buy cheap Russian oil since and continues trading with the country despite global sanctions on the Kremlin.

Persons: Joe Biden, Narendra Modi, Harsh, Pant, Biden, Emmanuel Macron, Yoon Suk, Aamer, Vladimir Putin, Alexandr Demyanchuk, Modi, Manjari Miller, Lisa Curtis, Curtis, Karthik Nachiappan, Ashley Tellis, Amit Ranjan, India, Ranjan, —, Tesla, Elon Musk, Tim Cook, Google's Sundar Pichai, Satya Nadella, Raj Subramaniam Organizations: Indian, White House, Getty, U.S, Observer Research Foundation, South, Asia Society Policy Institute, CNBC, Kremlin, Reuters, Shanghai Cooperation Organization, Afp, India's Ministry of Defense, Council, Foreign Relations, NATO, Pacific Security, Center, New, New American Security, Carnegie Endowment, International Peace, Institute of South Asian Studies, National University of Singapore, Energy, Reliance, NUS Institute of South Asian Studies, Technology, China Partnerships, Emerging Technology Locations: Washington ,, India, U.S, Delhi, South Asia, Russia, Ukraine, Samarkand, Pakistan, New American, China, United States, Asia, New York

☆ 'Netflix Effect' lifts Korean content but market control worries grow
▼ + stars: | 2023-06-19 | by ( Hyunsu Yim | ) www.reuters.com time to read: +4 min

Netflix's market weight in South Korea dwarfs that of local platforms such as Tving, Wavve and Watcha. Netflix boasted a 38.2% market share in South Korea last year, according to Mobile Index, overshadowing Tving's 13.1%. Unlike the EU, South Korea does not have laws requiring foreign streaming services to produce or invest in local content. While the project was commissioned by Netflix UK, it centres on genetic cloning fraud in South Korea and includes file clips from broadcasters’ archives. "The government needs to come up with a system to ensure that excess profits can be returned to South Korean creators."

Persons: Ted Sarandos, Han Duck, Heo Seung, Yoon Suk Youl, Hwang Dong, hyuk, Aditya Thayi, Lim Jong, 1,281.7400, Hyunsu Yim, Sam Holmes Organizations: Netflix, South, Korea Economic Research, Mobile, EU, Reuters Netflix, Sejong University, Thomson Locations: SEOUL, South Korea, Seoul, Korea, South, U.S, London

☆ South Korea's Yoon begins foreign tour for 2030 expo bid, Vietnam state visit
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

SEOUL, June 19 (Reuters) - South Korean President Yoon Suk Yeol departed Seoul for Paris on Monday to support his country's bid to host Expo 2030, part of a foreign trip that will also include meetings with the leaders of France and Vietnam, his office said. Yoon will address the general assembly of the International Bureau of Expositions (BIE), the organiser of the world fair, to promote South Korea's bid. Yoon will then head to Vietnam on Thursday for a three-day state visit, accompanied by a 205-person business delegation, his office said. 1 salesman" for South Korea, has made business deals and "sales diplomacy" a core element of his foreign trips since taking office. "It will be the largest business delegation since the launch of the Yoon Suk Yeol administration," Choi Sang-mok, senior presidential secretary for economy, said on Tuesday.

Persons: Yoon Suk Yeol, Yoon, Ukraine's Odesa, Emmanuel Macron, Yoon Suk, Choi, mok, Soo, hyang Choi, Gerry Doyle Organizations: Paris, International, South, NATO, Thomson Locations: SEOUL, Seoul, France, Vietnam, South Korean, Busan, Saudi Arabia's Riyadh, Italy's Rome, Madrid, South Korea

☆ AI drive-thrus may be good for business. But not for the rest of us
▼ + stars: | 2023-06-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

New AI technology at the drive-thru at a Carl's Jr. location. In real-world situations, reactions to AI drive-thrus are still mixed. “We expect AI to augment the competitive advantages of restaurants with digital culture.”Short-staffed restaurants may see AI as a way to fill in the gaps. “There aren’t enough at-scale examples of voice AI in action, especially in this use case,” to say that people would prefer AI to an employee, said McAllister. By the time those examples exist, AI in drive-thrus may already be the norm.

Persons: CKE, Carl’s Jr, Wendy’s, Joel Angel Juarez, it’s, ” Thomas Kurian, ”, Christina McAllister, Forrester, upsells, Krishna Gupta, Presto, “, Todd Penegor, Penegor, Yong Suk Lee, “ it’s, Brandon Bell, McAllister Organizations: New, New York CNN, Google, USA, Wall Street, Indiana White, Wall Street Journal, Presto Automation, CKE, Presto, Presto Voice, University of Notre Dame, Intouch Locations: New York, White, Wendy’s, Columbus , Ohio, The Republic

☆ U.S. nuclear-powered submarine arrives at South Korea's Busan port
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

SEOUL, June 16 (Reuters) - A U.S. nuclear-powered submarine has arrived at a port in the South Korean city of Busan, the South Korean military said on Friday. It is the first time in nearly six years that a submarine classified as "SSGN" by the U.S. Navy, or a cruise-missile submarine, has stopped off in South Korea. The arrival comes after North Korea fired two short-range missiles off its east coast on Thursday and follows a failed attempt by Pyongyang to launch a spy satellite last month. In April, South Korean President Yoon Suk Yeol and U.S. President Joe Biden agreed in Washington to "further enhance the regular visibility of strategic assets" on the Korean Peninsula. The leaders also agreed that a U.S. Navy nuclear-armed ballistic missile submarine (SSBN) will visit South Korea for the first time since the 1980s to help demonstrate Washington's resolve to protect the country from a North Korean attack.

Persons: Yoon Suk Yeol, Joe Biden, Hyunsu Yim, Ed Davies Organizations: South Korean, U.S . Navy, North Korea, South, Thomson Locations: SEOUL, U.S, Korean, Busan, South Korea, Pyongyang, Washington

☆ South Korea, U.S. to hold high-level meeting on cyber security
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: 1 min

SEOUL, June 16 (Reuters) - South Korea and the United States will hold a high-level meeting on cyber security in Washington on June 20, the presidential office in Seoul said on Friday. The meeting is seen as a follow-up to the summit between South Korean President Yoon Suk Yeol and U.S. President Joe Biden in April. Reporting by Hyunsu Yim Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoon Suk Yeol, Joe Biden, Hyunsu Yim, Ed Davies Organizations: Korean, Thomson Locations: SEOUL, South Korea, United States, Washington, Seoul

There has been close attention to diplomatic detail in advance of Thursday’s state dinner, including catering to the guest’s dietary restrictions. Nina Curtis, a plant-based chef from Sacramento, California, will be the dinner’s guest chef, working with White House Executive Chef Cris Comerford, and White House Executive Pastry Chef Susie Morrison to develop the menu, the office of the first lady said. Modi, a White House official said, is a vegetarian and “the First Lady selected Chef Curtis for her experience with plant-based cuisine.”And Grammy Award-winning American violinist and conductor Joshua Bell will provide the evening’s entertainment, the office of the first lady said. The state dinner is one element of an elaborate visit for the prime minister, which comes amid some criticism over Modi’s human rights record. This will mark the third state dinner of the Biden administration after the Bidens hosted French President Emmanuel Macron in December and South Korean President Yoon Suk-Yeol in April.

Persons: Joe Biden, Jill Biden, Narendra Modi, Nina Curtis, Cris Comerford, Susie Morrison, Modi, Chef Curtis, Joshua Bell, Betty Monkman, Jake Sullivan, “, Biden, Emmanuel Macron, Yoon Suk Organizations: CNN, White, State Department, South Locations: Washington, Sacramento , California, India, United States

☆ North Korea fires two short-range missiles after warning of response to allied drills
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 15 (Reuters) - North Korea fired two short-range missiles off its east coast on Thursday, the South Korean military said, less than an hour after Pyongyang warned of an "inevitable" response to military drills staged earlier in the day by South Korean and U.S. troops. The latest action by North Korea came as U.S. President Joe Biden's national security adviser, Jake Sullivan, was in Tokyo for meetings with his Japanese and South Korean counterparts. The government was due to hold a National Security Council meeting, Kyodo news reported separately. North Korea's ballistic missile and nuclear weapons programmes are banned by United Nations Security Council resolutions that have sanctioned the country. South Korea sued North Korea on Wednesday for $35 million in compensation for a liaison office that North Korea blew up in 2020, in a case highlighting the breakdown of ties between the neighbours as the North presses on with its weapons programmes.

Persons: Joe Biden's, Jake Sullivan, Cho Tae, Takeo Akiba, Yoon Suk, Heekyong Yang, Josh Smith, Tim Kelly, John Stonestreet, Alex Richardson, Chizu Organizations: South Korean, Korean, South, National, National Security Council, Kyodo, North Korea's Ministry of National Defence, United Nations, Thomson Locations: SEOUL, North Korea, Pyongyang, U.S, Tokyo, Japan, Hegura, Ishikawa prefecture, South Korea, Korea, Seoul

☆ South Korea's Yoon to visit Paris next week to promote hosting of 2030 expo
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: 1 min

SEOUL, June 13 (Reuters) - South Korean President Yoon Suk Yeol said on Tuesday he will visit Paris next week to attend a meeting of the Bureau International Expositions (BIE), the organiser for the Expo 2030. The visit is aimed at promoting his country's bid to host the expo. The host country for the 2030 Expo is expected to be selected in November. Reporting by Soo-hyang Choi Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoon Suk Yeol, Soo, Choi, Ed Davies Organizations: Paris, Thomson Locations: SEOUL

☆ South Korean leader criticises China envoy over "inappropriate" remarks
▼ + stars: | 2023-06-13 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

SEOUL, June 13 (Reuters) - South Korea's president stepped up criticism of China's ambassador on Tuesday, saying the envoy had been disrespectful in suggesting South Korea had made the wrong choice by siding with the United States against China. South Korea's foreign ministry summoned Xing on Friday to issue a protest and express "strong regret" over comments that the ministry said were "provocative" and a possible interference in internal affairs. South Korea has been a staunch U.S. ally for decades and is host to nearly some 28,000 U.S. troops but it has developed extensive economic ties with China in recent years. Its foreign ministry called in South Korea's ambassador on Saturday to express its "serious concern and dissatisfaction" over Seoul's "improper reaction" to Xing's comment. A Chinese foreign ministry spokesman said challenges in relations with South Korea were "not caused by China".

Persons: Xing Haiming, Xing, Yoon Suk Yeol, Yoon, Kim Seok, Park Jin, Xing's, Park, Hyonhee Shin, hyang Choi, Ed Davies, Robert Birsel Organizations: South, Foreign, Thomson Locations: SEOUL, South Korea, United States, China, U.S, South, North Korea, Korea, South Korea's, Vienna

☆ Ex-Samsung Elec executive indicted over alleged data theft for China factory
▼ + stars: | 2023-06-12 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

SEOUL, June 12 (Reuters) - South Korean prosecutors said they indicted a former Samsung Electronics (005930.KS) executive on Monday on suspicion of stealing the company's technology to build a chip factory in China. He worked a combined 28 years at the South Korean chipmakers, prosecutors said. The attempt to build the new plant using Samsung data, however, ended in failure due to funding issues, a prosecutor said. South Korean President Yoon Suk Yeol has described competition in the industry as an "all-out war" amid heightened Sino-U.S. tensions. South Korea's Samsung and SK Hynix, the world's top two makers of memory chips, have invested billions of dollars in chip factories in China.

Persons: Prosecutors, Yoon Suk, 1,291.7700, Soo, hyang Choi, Raju Gopalakrishnan, Jason Neely Organizations: Samsung Electronics, SK Hynix, Samsung, Prosecutors, Reuters, Korea's Samsung, Thomson Locations: SEOUL, China, Xian, Suwon, Korean, South Korea, U.S

☆ China envoy in South Korea warns of 'wrong bets' over Sino-U.S. rivalry
▼ + stars: | 2023-06-09 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, June 9 (Reuters) - South Korea might be making "wrong bets" in the Sino-U.S. rivalry, the Chinese ambassador in Seoul said, urging Seoul to stop "decoupling" from China and restore economic and diplomatic ties. Xing blamed Seoul for creating "difficulties" for bilateral ties by failing to respect Beijing's core interests, including Taiwan, while being influenced by the United States. Frankly, the blame does not lie with China," he said, according to a statement released by the embassy. Xing warned against making the "wrong judgment" on China because of the "interference of external factors" such as U.S. pressure. "In a situation where the United States is pressuring China with all its might, some are betting that the United States will win and China will lose.

Persons: Xing Haiming, Lee Jae, myung, Yoon Suk, Xing, Yoon, Hyonhee Shin, Gerry Doyle Organizations: China, Reuters, Thomson Locations: SEOUL, South Korea, U.S, Seoul, China, Taiwan, United States, Beijing

Hong Kong/Seoul CNN —Sam Altman, the CEO of ChatGPT maker OpenAI, used a high-profile trip to South Korea on Friday to call for coordinated international regulation of generative artificial intelligence, the technology that underpins his famous chatbot. “As these systems get very, very powerful, that does require special concern, and it has global impact. So it also requires global cooperation,” Altman said at an event in Seoul, ahead of a meeting with South Korean President Yoon Suk Yeol. In China, authorities will also “be initiating AI regulation,” according to Elon Musk, who helped found OpenAI before breaking from the group. As many as 300 million full-time jobs around the world could eventually be automated in some way by generative AI, according to Goldman Sachs estimates.

Persons: Sam Altman, ” Altman, Yoon Suk, that’s, ”, Yoon, Antony Blinken, Elon Musk, Musk, OpenAI, Goldman Sachs, Altman, “ it’s, ” Sam Altman, SeongJoon Cho, Narendra Modi Organizations: Seoul CNN, South Korean, Reuters, World Economic, SoftBank, Bloomberg, Getty, United Arab Locations: Hong Kong, Seoul, South Korea, Sweden, China, India, Israel, United Arab Emirates

☆ How Samsung became the world’s No. 2 advanced chipmaker and set the stage for a U.S. manufacturing boom
▼ + stars: | 2023-06-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article NVDAQCOM6758.T-JPAMATAMD2330-TW.FKRX300MUAAPL Follow your favorite stocks CREATE FREE ACCOUNTSamsung's $17 billion new chip fab is under construction in Taylor, Texas, on April 19, 2023. CNBC recently went inside Samsung's Austin chip fab, for the first in-depth tour given on camera to a U.S. journalist. Samsung got its start in 1938 as the Samsung Sanghoe Trading Company, founded by Lee Byung-chull in Korea. Just a decade after making its first memory chip, Samsung was coming to market with a version that had 1,000 times the capacity. As consumers rein in their spending in the face of rising inflation, demand for memory chips has weakened sharply.

Persons: Katie Brigham, Jon Taylor, Patel, Jinman Han, Han, Lee Byung, Lee Kun, Geoffrey Cain, weren't, Apple, Cain, Jay Y, Lee, Yoon Suk, Joe Biden, Jonathan Ernst Organizations: AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Intel, they'll, CNBC, Austin, Samsung Sanghoe Trading Company, Samsung Samsung, Samsung Electronics, Samsung TV, Hankook Semiconductor, Apple, Republic of Samsung, Samsung Electronics Pyeongtaek, Reuters Locations: Taylor , Texas, TSMC, U.S, Korea, New Jersey, Silicon Valley, South Korea, Republic of, Austin , Texas, Texas, Austin, Pyeongtaek

☆ South Korea vows support for its chip sector amid China-US tension
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 8 (Reuters) - South Korea pledged support for its chip sector on Thursday, with President Yoon Suk Yeol describing competition in the industry as an "all-out war" amid heightened Sino-U.S. tension. The government plans to help expand research and development, bolster smaller players, strengthen legal protection for chip technology and set up a chip testing facility, the industry ministry said in a statement. South Korea has sought to avoid becoming embroiled in a tit-for-tat row between China and the United States over semiconductors. On one hand, chipmakers Samsung Electronics Co Ltd (005930.KS) and SK Hynix Inc (000660.KS) depend on U.S. technology and equipment. At the same time, about 40% of South Korea's chip exports go to China, trade ministry data showed.

Persons: Yoon Suk, Yoon, Fitch, Joyce Lee, Edwina Gibbs, Christopher Cushing Organizations: Companies, Samsung Electronics Co, SK Hynix Inc, Washington, Samsung, SK Hynix, SK Hynix's, SK, Thomson Locations: SEOUL, South Korea, United States, Korea, China, U.S

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