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President Moon Hails SK hynix’s New Plan

President Moon Hails SK hynix’s New Plan

SEOUL, Oct. 4 (Korea Bizwire) – President Moon Jae-in on Thursday attended a ceremony marking the construction of new assembly lines of SK hynix, the world’s third-largest chipmaker, underscoring his policies for job creation and innovation-powered growth. “The government and I will not hold back our support for companies that invest, make jobs and contribute to the [...]

No Holidays for S. Korea’s Leading Semiconductor Facilities

No Holidays for S. Korea’s Leading Semiconductor Facilities

SEOUL, Sept. 24 (Korea Bizwire) –Choi Geon-wu, a 39-year-old SK Hynix employee, will not be able to visit his family over the Chuseok holidays because of the nature of his work, ensuring the safety of an industrial complex that produces semiconductors. Choi works as a firefighter at SK Hynix’s Cheongju factory, and is the first [...]

GPS Device that Tracks Dementia Patients a Huge Success

GPS Device that Tracks Dementia Patients a Huge Success

SEOUL, Sept. 21 (Korea Bizwire) — A GPS device that helps detect the whereabouts of elderly dementia patients was found to be very useful in locating those who had gone missing. According to police officials, all 30 senior dementia patients who received one of the devices were found after being reported missing. The average amount [...]

Seoul to Invest 1.5 tln Won to Bolster Competitiveness in Chip Industry

Seoul to Invest 1.5 tln Won to Bolster Competitiveness in Chip Industry

SEOUL, Jul. 30 (Korea Bizwire) — South Korea vowed Monday to invest 1.5 trillion won (US$1.34 billion) over the next 10 years to maintain its global competitiveness as the country’s industry minister visited key semiconductor production lines of Samsung Electronics Co. and SK hynix Inc. “In order to have South Korea maintain its reputation as [...]

Samsung, SK hynix to Hand Out Large Bonuses amid Robust Chip Sales

Samsung, SK hynix to Hand Out Large Bonuses amid Robust Chip Sales

SEOUL, Jul. 3 (Korea Bizwire) — South Korean chipmakers are expected to pay large bonuses to their workers this month amid the prolonged boom in the global semiconductor market, corporate sources said Tuesday. Samsung Electronics Co. told its workers that the company will provide target-achievement incentives, handed out every six months, this week. The amount [...]