Ji-hye Min

3 weeks ago | kedglobal.com | Jeong-Soo Hwang |Ji-hye Min |Sang-Hoon Sung

South Korea’s two leading electronics makers – Samsung Electronics Co. and LG Electronics Inc. – are being forced to reassess their global manufacturing strategies following the US government's imposition of a 46% tariff on products manufactured in Vietnam. With Vietnam serving as the key production hub for Samsung and LG in Asia and globally, the tariff poses significant challenges for both companies, analysts said.

Oct 22, 2024 | kedglobal.com | Gyeong-Jin Min |Lan Heo |Ji-hye Min |Seo-woo Jang

A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the Northeast Asian country’s heavy inheritance and gift taxes. The cases of South Korean emigrants with assets of 100 billion won ($72.4 million) from Asia’s fourth-largest economy to the city-state were estimated to hit a record high last year, indicating Seoul’s high inheritance and gift taxes may have accelerated the exodus of the local rich, lawyers said.

Oct 4, 2024 | kedglobal.com | Ji-hye Min

KCC Glass Corp., South Korea’s major construction materials manufacturer, is set to make an additional investment of 700 billion won ($524.8 million) in its Indonesian glass plant to develop the facility as a cluster to expand its overseas business into other markets such as Southeast Asia, Oceania and the Middle East.

Sep 26, 2024 | kedglobal.com | Ji-hye Min

South Korea’s Seoul Semiconductor Co. said on Monday it won a patent dispute against Taiwan's Everlight Electronics Co. after the European Patent Office's Board of Appeal dismissed a challenge to its LED technology. The ruling upholds Seoul Semiconductor's patents for its Wafer Integrated Chip on PCB (WICOP) no-wire LED technology in 18 European countries, from a suit filed by Everlight, the world’s sixth-largest LED manufacturer.

Sep 2, 2024 | kedglobal.com | Ji-hye Min

South Korean company Shinsung E&G said on Monday that it signed a contract to supply Ssangyong E&C with 12MW of solar modules. This marks Shinsung E&G’s first export of solar modules. Under the contract, Shinsung E&G will deliver 12MW of solar modules to Ssangyong E&C by October. Ssangyong E&C plans to use these modules to construct a solar power plant at the Caracol Industrial Park in Haiti, Central America.