Economics

This article was published on The Korea Times on August 16, 2023. For much of the past year there has been a focus on how the CHIPS and Science Act…

This article was published in The Korea Times on June 14, 2023. The decision by the Cyberspace Administration of China to ban Micron Technology’s semiconductors in Chinese infrastructure has put…

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…

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…

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…

We were reminded last year that it can be difficult to anticipate the events that will dominate any given year. As 2020 began, few people expected focus of the world or the Korean Peninsula to be on a global pandemic, but that is how the year unfolded. South Korea has handled the pandemic relatively well…