South Korean Government
Coverage of South Korean Government in the Nexus archive.
- South Korean government discriminated against Coupang, U.S. companies, House report finds
The House Judiciary Committee found that the South Korean government discriminated against Coupang and other U.S. companies, according to a new report. The report highlights allegations of unfair treatment by the South Korean government toward these companies.
- Samsung and SK Hynix plan $590bn chipmaking expansion
Samsung and SK Hynix are planning a $590 billion chipmaking expansion in collaboration with the South Korean government to meet the surging demand for memory chips.
- South Korea jostles with Germany for US$39 billion Canadian submarine deal
South Korea and Germany are competing for Canada's $39.14 billion submarine deal to replace the Royal Canadian Navy's four Victoria-class submarines with 12 new diesel-electric vessels under the Canadian Patrol Submarine Project, with a preferred bidder expected to be selected by the end of the month.
- Samsung avoids strike as workers approve massive bonus deal
Samsung workers in South Korea approved a government-backed bonus deal to avoid a strike, with over 60% of the workforce eligible for $370,000 bonuses amid high demand for AI chips.
- South Korea Set to Reduce Debt Sales in June as Bonds Slump
South Korea is planning to reduce its debt sales in June as bond markets experience a downturn. The reduction reflects weak performance in the bond market and adjustments to government financing strategy.
- Why South Korea’s Won Is Weak Despite An AI-Driven Stock Boom
South Korea's won currency has weakened despite strong performance in AI-driven stocks. The government has signaled its determination to address the currency's excessive weakness through intervention in foreign-exchange markets.