HONG KONG, CHINA, Feb. 20 (Korea Bizwire) – The foundation of the current U.S. administration was President Donald Trump’s vision of “Make America Great Again” and his promise to bring jobs back to the U.S. From the tariffs on US$550 billion of Chinese goods to tax cuts, President Trump was confident that his economic initiatives could [...]
SEOUL, Jun. 19 (Korea Bizwire) – South Korean chipmakers may wish they were undergoing the bottom of the memory chip down cycle in the second quarter before entering a recovery mode later this year, but it seems like they have to deal with unfavorable business conditions longer than expected due to prolonged global trade tension. [...]
SEOUL, Jun. 13 (Korea Bizwire) — Samsung Electronics Co. has been facing a double whammy of the weak memory chip and smartphone market, as well as uncertainties from a trade war between the United States and China, so it is the right moment for its senior management to discuss ways to deal with the rising [...]
SEOUL, May 27 (Korea Bizwire) – The U.S.’s decision to ban Huawei Technologies and pressure its allies to follow suit is sending a ripple effect through the South Korean tech industry that has contracts and connections with the Chinese telecom equipment and smartphone maker, analysts said Monday. President Donald Trump’s administration last week placed Huawei [...]
SEOUL, Apr. 10 (Korea Bizwire) — Foreign investors have been increasing their buying of South Korean shares in recent sessions, data showed Wednesday, amid optimism, albeit cautious, over the chip industry and progress in U.S.-China trade deals. According to the data compiled by the Korea Exchange (KRX), foreign investors extended their buying binge to eight [...]
SEOUL, Aug. 21 (Korea Bizwire) — LG Electronics Inc., which announced its plan to build a solar module factory in the United States, is currently facing hurdles in carrying out the project amid Washington’s move to slap heavy tariffs on Chinese parts, industry sources said Tuesday. According to the sources, the U.S. government declined a [...]
SEOUL, Jun. 13 (Korea Bizwire) — Escalating global protectionism, sparked by a Sino-American trade war, has put corporate Korea in a tight spot as it is feared to take a toll on exports, a key growth engine for Asia’s fourth-largest economy, industry sources said Friday. The United States and China, the world’s two largest economies, [...]
SEOUL, Mar. 26 (Korea Bizwire) — South Korea’s trade ministry said Monday it will beef up staff tasked with trade negotiations and disputes to better deal with the rising protectionism by major trading partners and help companies diversify into new markets. The Ministry of Trade, Industry and Energy said its reorganization plan received approval from [...]
SEOUL, Sept. 1 (Korea Bizwire) – South Korea has asked China to remove economic sanctions imposed on South Korea due to the diplomatic row over the deployment of a U.S. missile defense system here, the Ministry of Trade, Industry and Energy said Friday. China has been retaliating economically against South Korea since early this year [...]