Negotiations between Hyundai Motor and the U.S. government concerning tax incentives for the Korean automaker's USD 5.5 billion EV plant in Georgia have yet to reach a conclusion. It was first reported on August 31st 2023, indicating that Hyundai Motor Group and LG Energy Solution (LGES) would in...

As competition in the semiconductor industry intensifies, countries worldwide are implementing industrial policies to attract domestic and foreign investments. Japan, in particular, has introduced substantial subsidies to entice industry players to invest and establish facilities. According to th...

On December 13th, the Ministry of Trade, Industry, and Energy (MOTIE) of South Korea held a ceremony to celebrate the establishment of the public-private Mobility Charging Industry Convergence Alliance. During the ceremony, the South Korean government announced measures aimed at promoting the elect...

South Korean President Yoon Suk Yeol concluded his visit to the Netherlands, announcing the establishment of a “Semiconductor Alliance” between South Korea and the Netherlands. The alliance involves collaboration between Dutch semiconductor equipment giant ASML and South Korean companies Samsung...

On December 1, the Ministry of Trade, Industry, and Energy (MOTIE) of South Korea disclosed that Korea's export value in November experienced a notable YoY increase of 7.8 %, reaching a monthly peak for this year at USD 55.8 billion. Concurrently, imports contracted by 11.6 % to USD 52.0 billion, re...