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Search resuls for: "Joyce Lee"


9 mentions found


☆ North Korea says missile tests self-defence against U.S. military threats
  + stars: | 2022-10-07 | by ( Joyce Lee | ) www.reuters.com   time to read: +2 min
SEOUL, Oct 8 (Reuters) - North Korea said on Saturday its missile tests are for self-defence against direct U.S. military threats and they have not harmed the safety of neighbouring countries and regions. North Korea carried out six missile launches in 12 days as of this week, including launching an intermediate-range missile over Japan on Tuesday. "Our missile tests are a normal, planned self-defence measure to protect our country's security and regional peace from direct U.S. military threats," said state media KCNA, citing an aviation administration spokesperson. The message was in response to the International Civil Aviation Organization Council condemning North Korea's missile launches for posing a serious safety risk to international civil aviation, KCNA said. The United States also announced new sanctions on Friday in response to North Korea's latest missile launches.
☆ U.S. aims to hobble China's chip industry with sweeping new export rules
  + stars: | 2022-10-07 | by ( Stephen Nellis Karen Freifeld Alexandra Alper | Stephen Nellis | Karen Freifeld | ) www.reuters.com   time to read: +7 min
The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s. If effective, they could hobble China's chip manufacturing industry by forcing American and foreign companies that use U.S. technology to cut off support for some of China's leading factories and chip designers. The rules published on Friday also block shipments of a broad array of chips for use in Chinese supercomputing systems. "The U.S. should stop the wrongdoings immediately and give fair treatment to companies from all over the world, including Chinese companies." On Saturday, China's foreign ministry spokesperson Mao Ning called the move an abuse of trade measures designed to reinforce the United States' "technological hegemony".
☆ S.Korea's SK On inks deal with Global Lithium Resources for lithium supply
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +1 min
SEOUL, Sept 29 (Reuters) - South Korean battery maker SK On said on Thursday it signed a memorandum of understanding with Australia's Global Lithium Resources Ltd (GL1.AX) for stable supply of lithium. SK On will receive long-term supply of lithium ore called spodumene, and have an opportunity to secure a stake in a project pursued by Global Lithium Resources, the battery maker said without elaborating. SK On will also explore additional business opportunities in the battery value chain, such as mining minerals with Global Lithium Resources. Australia has a free trade agreement with the United States, which in August signed into law the Inflation Reduction Act (IRA), SK On noted. The IRA requires a percentage of critical minerals used in electric vehicle (EV) batteries to be sourced from the United States or from an American free-trade partner.
☆ U.S. VP Harris pledges to consult S.Korea over EV subsidy concerns
  + stars: | 2022-09-27 | by ( Trevor Hunnicutt Soo-Hyang Choi Joyce Lee | Trevor Hunnicutt | Soo-Hyang Choi | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterU.S. Vice President Kamala Harris speaks as she holds a bilateral meeting with Australia’s Prime Minister Anthony Albanese (not pictured) in Tokyo, Japan, September 27, 2022. REUTERS/Leah Millis/PoolTOKYO/SEOUL, Sept 27 (Reuters) - U.S. Vice President Kamala Harris told South Korea's prime minister on Tuesday that Washington will work to address Seoul's concerns over recently enacted electric vehicle (EV) subsidies that could disadvantage Asian automakers. Among the law's provisions are requirements that EVs be assembled in North America to qualify for tax credits. read more"The Vice President and Prime Minister discussed our shared work to address the climate crisis, including the historic investments made in clean energy under the Inflation Reduction Act," the White House added. Cars are South Korea's third-largest export.
☆ LG Energy inks cobalt, lithium supply deals with three Canadian miners
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +1 min
An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021. REUTERS/Kim Hong-Ji/File PhotoSEOUL, Sept 23 (Reuters) - South Korean battery maker LG Energy Solution (373220.KS) said on Friday it has signed agreements on lithium and cobalt sourcing with three Canadian mining firms in a bid to expand its footprint in North America. LG said the three Canadian mining firms, Electra, Avalon and Snowlake, will supply LG with 7,000 tonnes of cobalt sulfate for three years from 2023, 55,000 tonnes of lithium hydroxide for five years from 2025, and 200,000 tonnes of lithium hydroxide for 10 years, respectively. Register now for FREE unlimited access to Reuters.com RegisterReporting by Joyce Lee; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
☆ Samsung Elec's Lee says SoftBank's Son expected to visit Seoul when asked about Arm-media
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterSEOUL, Sept 21 (Reuters) - Samsung Electronics (005930.KS) Vice chairman Jay Y. Lee said on Wednesday that SoftBank Group Corp (9984.T) CEO Masayoshi Son is expected to visit Seoul next month when asked about British chip designer Arm Ltd, multiple South Korean media reported. Son may "make a proposal," South Korean wire service News1 reported citing Lee, without elaborating. Lee said this in answer to a press question about whether he met Arm executives during his recent visit to Britain, according to News1. Register now for FREE unlimited access to Reuters.com RegisterSouth Korean media have speculated Samsung may participate in a potential joint acquisition of a stake in Arm. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Joyce Lee and Heekyong Yang; editing by Jason Neely and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
☆ Electric vehicles row overshadows S.Korean president's first U.S. visit
  + stars: | 2022-09-20 | by ( Hyonhee Shin | ) www.reuters.com   time to read: +5 min
He will fly to Canada on Thursday for the last leg of his trip before returning home on Saturday. Seoul officials have asked Washington to postpone the new rules until Hyundai completes building its Georgia factory in 2025. A number of high-level South Korean officials have been mobilised in recent weeks to relay concerns to their U.S. counterparts and press for exemptions, though solutions are far from clear. Trade Minister Lee Chang-yang will travel to the United States this week to discuss the IRA, the ministry said on Tuesday. However, the South Korean government is focusing on bilateral dialogue for now, he said, when answering a lawmaker's question in parliament.
☆ Kia Corp to produce electric vehicles in the U.S. from 2024 - reports
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Kia Corp is seen on its electric vehicle EV6 during a photo opportunity in Seoul, South Korea, June 1, 2021. REUTERS/Kim Hong-JiSEOUL, Sept 20 (Reuters) - Kia Corp (000270.KS) is expected to produce electric vehicles in the United States from 2024, South Korean media Maeil Business Newspaper and TV channel SBS reported on Tuesday, citing an unidentified auto industry source. Kia Corp was not immediately available for comment when contacted by Reuters. The Inflation Reduction Act signed into law by U.S. President Joe Biden last month excludes Hyundai Motor Co (005380.KS) and its affiliate Kia Corp from federal tax credits because they don't yet make EVs in North America, knocking their EV ambitions in the short term at least. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Heekyong Yang and Joyce Lee; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
☆ Palantir signs $20 mln deal with S.Korea's Hyundai Heavy Industries
  + stars: | 2022-09-20 | by ( Joyce Lee | ) www.reuters.com   time to read: +2 min
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann/File PhotoSEOUL, Sept 21 (Reuters) - Palantir Technologies Inc (PLTR.N) announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group (267250.KS), one of the world's largest shipbuilding conglomerates. The conglomerate's shipbuilding affiliates including Hyundai Heavy (329180.KS) will use Palantir's operating system, known as Foundry, to strengthen data-driven decision making, Palantir's Chief Operating Officer Shyam Sankar told Reuters. Palantir is also actively working to extend partnerships with South Korea's government as well as private sectors, and has formally opened an office in Seoul. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Joyce Lee; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
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