Korea seeks to secure its own supply of critical minerals for its semiconductor, solar panel, and electric vehicle (EV) battery industries to bolster its role in shaping the future of advanced technologies and the clean energy transition. Africa contains close to 30 percent of the world’s critical mineral reserves, making Korean collaboration on the continent…
June 13, 2024
On April 15, the US Department of Commerce awarded $6.4 billion in direct CHIPS Act funding to Samsung Electronics for its operations in Texas. This helps to contribute to the more than $45 billion in total Samsung is injecting across all projects in its new Taylor, Texas chip manufacturing facility and existing facility in Austin.…
April 17, 2024
For a twenty-year period, China had been the top export destination for Korean goods. Not so in December 2023, when Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced that the United States had surpassed China to become Korea’s top goods export market on a monthly basis—marking the first time since 2003 that that was…