What Happened On April 27, senior ROK government officials met to prepare for next month’s Partnering for Green Growth and the Global Goals (P4G) summit. At this preparatory meeting, Foreign Minister Chung Eui-yong reiterated President Moon’s statements on the importance of implementing South Korea’s carbon goals before next month’s summit. Despite Moon’s pledge to reduce emissions during a U.S.-led climate summit…
May 10, 2021
What Happened On April 12, President Biden met with 19 CEOs to discuss the ongoing semiconductor shortage and to build support for technology as a key component of the infrastructure. The White House promised a USD 50 billion investment in U.S. semiconductor manufacturing, seeking cooperation from global partners. During a similar summit in March, Biden discussed putting technology, such as semiconductors…
April 23, 2021
What Happened A record number of retail investors - over 2 million - are expected to attend Samsung Electronics’ virtual shareholder meeting in March. A growing number of domestic retail investors have been purchasing Samsung stocks, leading to its value doubling since March 2020. Retail investors make up 99.6% of Samsung Electronics’ shareholders but they only control 6.48% of the company’s…
March 1, 2021
What Happened Samsung Vice Chairman Lee Jae-yong was sentenced to two and a half years in prison for the second time for bribing former President Park Geun-hye’s close advisor. While the court gave Lee a shorter sentence than average for the crime, 46% of the Koreans in a survey believed that the punishment was too harsh. Recently, the Seoul Central District…