What Happened The South Korean government shared biometric data collected at Incheon Airport with private sector artificial intelligence (AI) developers. Although the project was publicly disclosed in 2019, the government had not revealed to the public that the information would be shared with private sector companies. A privacy advocacy group plans to launch a class-action lawsuit in response to…
November 2, 2021
What Happened The U.S. government asked semiconductor manufacturers to voluntarily share their client list, inventory status, and other confidential information. This includes South Korean firms like Samsung and SK Hynix. South Korea is concerned that the request would reveal these firms’ trade secrets to rivals. Implications: South Korea approaches commercial engagement with trade partners with the assumption that their policymakers will look at…
October 19, 2021
What Happened In 2019 July, Japan imposed export restrictions on sensitive chemicals which South Korean industries need to produce semiconductors and electronic gadgets. Japan’s export restrictions by Japan and retaliatory public boycotts on Japanese products from Korean consumers have persisted longer than any other disputes before. Two years after the start of this dispute, Korea is less dependent on Japan for…
October 5, 2021
What Happened A July 2021 report from the Bank of Korea showed that housing prices in the country have surged by 47% since 2017. The Moon administration implemented a series of regulations over the past four years to cool the overheated housing market. The central bank chief expressed concerns that low interest rates - adopted to cope with the…