Tag: South Korea
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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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Commentary: Football’s Asian century is still on hold
World Cup 2026 has shown that the future of football is not in Asia yet, says Gearoid Reidy for Bloomberg Opinion.
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South Korea, Ukraine hold ‘constructive’ talks about North Korean POWs
SEOUL: South Korea and Ukraine held “constructive” talks on Tuesday (Jun 30) about the fate of two North Korean soldiers captured while fighting in Russia, Seoul said.South Korean Foreign Minister Cho Hyun and Ukrainian counterpart Andriy Sybiga discussed the matter during talks in Seoul.The soldiers w
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Son apologises to fans after South Korea’s early World Cup exit; coach Hong jeered on return home
Fans booed and chanted “Hong out!” as coach Hong Myung-bo made his way out of the airport, but applauded the players who followed behind him.
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South Korea unveils $1tn chip and AI investment plan
It comes as regional rivals like Taiwan, China and Japan are investing heavily in chip factories and other technology.
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South Korea exports set to grow at strongest pace in nearly 5 decades: Reuters poll
SEOUL, June 29 : South Korean exports likely posted their strongest annual growth in nearly five decades in June, as semiconductor shipments broke fresh records in the wake of a boom in global AI investment, a Reuters poll showed on Monday. Exports from Asia’s fourth-largest economy, a bellwether for global t
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South Korea demands change after dismal World Cup exit
South Korea’s World Cup elimination also earned the team a rebuke from the country’s president Lee Jae Myung, who pointed the finger at “incompetent people” and apologised to the nation.
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South Korea to unveil massive AI and chip investment drive
Local media have reported that the planned investments could exceed 1,000 trillion won (US$651.41 billion) over the coming years.
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