South Korea to Boost Industrial Ties With Central Asia
South Korea is set to welcome the heads of the five Central Asian states for the first-ever presidential summit between Seoul and the region, a meeting local media have dubbed “historic”. More than three decades of friendship and trust into a summit-level partnership designed to shape the next 30 years.
South Korea Plans Huge $576 Billion AI-Chip Investment
South Korea has announced a huge plan to become a world leader in Semiconductor chips and artificial intelligence. On Monday, President Lee Jae Myung said the country will invest more than $576 billion to strengthen these industries and create jobs across different regions. The plan will be led by Samsung
South Korea Warns Against AI Wealth Inequality
South Korea’s Deputy Prime Minister Bae Kyung-hoon recently said that the economic gains created by artificial intelligence must be shared with the wider public rather than pooled and concentrated among big corporations or investors. His remarks arrive while concerns are growing that AI may, in fact, widen inequality and also
Penny Wong Visits Asia to Secure Australia’s Energy
The Australian foreign minister, Penny Wong, said she will visit China, Japan, and South Korea this week. The main reason for this trip is to discuss problems with fuel supply. There have been such problems in the West Asia region since the beginning of February. Now, Australia is dealing with
South Korea Growth Surges on Chip Demand
In 2026 Q1, South Korea exceeded growth expectations by an impressive margin. Due to strong global demand for semiconductors, due to investment into AI and other technologies, the South Korean economy grew at an annualised 1.7% compared to an expectation of just 1.0%, which is the highest quarterly growth rate
South Korea Producer Prices Surge in March 2026
In March, South Korea’s producer prices posted their largest year-on-year rise in over three years due to the continuing impacts of geopolitical conflict, causing global oil supply chain disruptions. The Bank of Korea indicated that in March, the Producer Price Index increased by 4.1% year-on-year, compared with a February increase
South Korea Import Prices See Sharpest Rise in Years
South Korea’s import prices rose at their fastest rate in more than three years in March, due to a strong rebound in world energy prices. According to the central bank figures, the import price index has risen unexpectedly by 18.4% year-on-year, the largest increase since October 2022. Monthly prices jumped
DeepX Prepares for IPO, Eyes Global Expansion
South Korean AI chip startup DeepX is preparing to list on a stock exchange, a major milestone in its development amid the growing demand for artificial intelligence hardware. The company announced plans to launch an initial public offering domestically while remaining open to a US listing at a later date,
Atomic Energy & Coal: Korea’s Hormuz Survival Plan
South Korea’s ruling party, the Democratic Party, has introduced an emergency energy plan to stabilize its economy amid tensions in the Middle East, which have disrupted oil and gas supplies from the region via the Strait of Hormuz. Since they import their energy sources in full, they are changing their
Lee Warns US Immigration Raids Could Discourage Investment
South Korean President Lee Jae Myung addressed the recent U.S. immigration raid at a Hyundai Motor project site in Georgia, which resulted in the detention of approximately 300 South Korean workers. He expressed concern that such events could influence U.S. investment decisions by Korean companies, citing the confusion and hesitancy
