SEOUL, April 28 (Korea Bizwire) — South Korea plans to send part of its liquefied natural gas (LNG) supplies to Europe to help ease an energy crisis over Russia’s invasion of Ukraine, officials said Thursday. Concerns have grown over natural gas supply disruptions in Europe amid the ongoing crisis surrounding Ukraine, as Russia is the [...]
SEOUL, March 18 (Korea Bizwire) — A professor and students of Ewha Womans University’s College of Music will begin holding lunchtime concerts every weekday in front of the Russian Embassy in central Seoul next week to wish for peace in Ukraine, officials said Friday. The concert series, titled “Small Concert for Peace,” will kick off [...]
SEOUL, March 17 (Korea Bizwire) — South Korea said Thursday it plans to cut import tariffs on neon, xenon and krypton — key material gases used for chipmaking — to zero next month in a bid to ease a potential supply crunch amid the Ukraine crisis. The government said it plans to lower duties on [...]
SEOUL, March 15 (Korea Bizwire) — More than 6 in 10 large firms in South Korea are feeling the pinch of the Russia-Ukraine war that has sent international material costs soaring, a poll said Tuesday. The survey on 153 out of the country’s top 1,000 companies by sales showed 60.8 percent of the respondents saying [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korean chipmakers will be affected by export controls that Washington imposed on Russia over the Ukraine crisis, but the impact is not likely to be significant, experts said Friday. The U.S. Commerce Department announced new sanctions Thursday that it said “will severely restrict Russia’s access to technologies and [...]
SEOUL, Feb. 24 (Korea Bizwire) — A military confrontation between Russia and Ukraine could disrupt supply of raw materials, potentially exacerbating the ongoing global chip shortage, analysts said Thursday. Russia and Ukraine produce raw materials, such as neon, used in chipmaking processes, raising concerns that the escalating tension could disrupt the supply of key materials. [...]
SEOUL, Feb. 24 (Korea Bizwire) — Concerns are growing that Russia’s military aggression of Ukraine could broadly hurt South Korea’s key industries, including semiconductors and autos, as the heightened geopolitical tension will likely drive up already high energy prices. The South Korean government has said the Ukraine crisis may have limited impacts on its economy, [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea is thinking seriously about sharing its liquefied natural gas (LNG) inventories with Europe amid looming supply disruptions sparked by the Ukraine crisis, officials said Sunday. “The government is seriously contemplating supporting Europe should the situation aggravate in Ukraine and create difficulties in the supply of natural gas,” [...]