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S. Korea to invest W125b in AI chips this year
South Korea's ICT ministry said Tuesday it will invest 125.3 billion won ($114.1 million) this year to support the development of neural processors, up 75 percent from last year. Neural processing units refer to high-performance and low-powered logic chips that ... Read More
S. Korea to invest W205b to promote eco-friendly ships
South Korea said Tuesday it will allocate 205 billion won ($186.3 million) to adopt eco-friendly technologies for the local maritime industry in line with the country's green energy drive. Under the project, the country will seek to build a total ... Read More
S. Korea’s exports fall 15% in first 10 days of Jan.
South Korea's exports declined 15.4 percent on-year in the first 10 days of January, customs data showed Monday, amid the prolonged fallout from the new coronavirus outbreak. The country's outbound shipments stood at $11.2 billion in the Jan. 1-10 period, ... Read More
S. Korea to phase out industrial waste imports
South Korea plans to restrict or phase out its imports of 10 kinds of industrial waste to increase the recycling of domestic waste, the Ministry of Environment said Sunday. The ministry said the importation of half of the 10 waste ... Read MoreEconomic recovery momentum slackens amid flare-up in COVID-19 cases: KDI
South Korea's economic recovery momentum is slowing down as the service sector has remained sluggish amid a resurgence in new coronavirus cases, a state-run think tank said Sunday. The country's manufacturing sector sustained a recovery due mainly to robust exports, ... Read More
S. Korea’s FTA networks set to further expand in 2021
South Korea's free trade deals may further increase this year in line with its efforts to revitalize its ailing pandemic-hit exports and cope with the growing protectionism around the globe, a trade promotion agency said Monday. South Korea and Britain ... Read More
S. Korea’s wine imports hit new high in 2020 amid coronavirus outbreak
South Korea's wine imports soared to a record high in 2020 as more people enjoyed drinking and partied at home due to the coronavirus outbreak, government data showed Monday. South Korea imported $239 million worth of wines in the January-November ... Read More