Tag: South Korea
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South Korea plans future fund fueled by chip boom
South Korea plans to channel windfall tax revenue from its booming semiconductor industry into a new future fund. The money would help finance major industrial projects and to support younger generations.
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South Korea to create future fund from chip windfall to spur growth, tackle inequality
A top official says the government will use the “Future Response Fund” to help finance major national investment projects and strengthen the country’s long-term competitiveness.
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Asia markets open mixed as chip slump weighs on sentiment: Live updates
Asia-Pacific markets traded mixed on Friday as investors continued rotating out of technology stocks, tracking declines in the U.S.
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Coffee with a view: Tourists flock to Starbucks overlooking North Korea
GIMPO, South Korea: The contrast cannot be starker: selfie-taking tourists sipping coffee at Starbucks – an icon of globalisation and capitalism – while looking out over reclusive, communist North Korea.Welcome to Aegibong Starbucks in Gimpo – less than an hour’s drive from South Korea’s capital Seoul, but a
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South Korean shops turn to robots, self-service to escape labour woes
SEOUL: Unstaffed coffee shops, ramen eateries and flower outlets are spreading across South Korea as owners turn to robots and self-service to overcome rising labour costs in a business model that relies on the widespread honesty of users.Such stores, usually open 24 hou
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CNBC Daily Open: Chips are down, OpenAI’s woos the White House, and Russia strikes
Global stocks take their cue from a chip-led sell-off on Wall Street as OpenAI reportedly considers selling a stake to the U.S. government.
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KKR to control South Korea’s $1.3 billion renewables platform with SK as AI power demand rises
The announcement came after South Korea announced on Monday three massive investment projects, spanning semiconductors, physical AI and AI data centers.
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SK, KKR to launch South Korea renewable energy venture valued at $1.3 billion
SEOUL, July 1 : Private equity firm KKR and South Korea’s SK Inc said on Wednesday they will launch the country’s largest renewable energy platform, valued at 2 trillion won ($1.3 billion), to help meet rising clean-power demand from AI data centres and chip plants. The platform will combine renewable energy
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South Korea factory activity grows at slower pace as export demand weakens, PMI shows
SEOUL, July 1 : South Korea’s factory activity expanded in June for the seventh consecutive month, though at a slower pace than the previous month on falling export demand, a survey showed on Wednesday. • The purchasing managers index (PMI), published by S&P Global, stood at 52.1 in June, down from May’s 54
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