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South Korea’s Chip Boom Is Creating Profits Faster Than Jobs

South Korea’s Chip Boom Is Creating Profits Faster Than Jobs

Photo=Motionelements South Korea's semiconductor industry is enjoying one of its strongest recoveries in years. Artificial-intelligence spending has fueled an unprecedented surge in demand for advanced memory chips, lifting revenues and profits at the country's leading chipmakers. Yet one outcome many expected has failed to materialize: a comparable increase in hiring. The contrast is becoming one of the defining characteristics of

Jul 21 2026
12:00 PM PST
South Korea Seeks Higher Casino Levy as Industry Warns of Competitive Fallout

South Korea Seeks Higher Casino Levy as Industry Warns of Competitive Fallout

Photo=Motionelements South Korea is moving to overhaul its three-decade-old levy system for foreigner-only casinos, with the government proposing legislation on July 21 that would raise the legal ceiling on mandatory contributions to the Tourism Promotion and Development Fund from 10% to 15% of gross gaming revenue, a move that operators say could erode profitability and weaken the country's position in

Jul 21 2026
11:00 AM PST
South Korea Wants an AI Industry That Can Survive Without America or China

South Korea Wants an AI Industry That Can Survive Without America or China

(Photo=Bae Kyounghun facebook) South Korea is preparing to spend billions of dollars to develop a frontier artificial intelligence model, betting that access to the world’s most powerful AI systems may eventually be determined by governments rather than customers. The plan reflects a growing concern in Seoul that the country’s dependence on American and Chinese technology could become an economic and

Jul 21 2026
09:00 AM PST
Samsung’s First Galaxy Wide Fold Makes Early Debut Through BTS’ J-Hope

Samsung’s First Galaxy Wide Fold Makes Early Debut Through BTS’ J-Hope

(Photo=Jhope instagarm) Samsung Electronics' next-generation foldable smartphone appears to have made its first public appearance before the company officially unveils it, not on a launch stage, but through one of South Korea's biggest global celebrities. Images posted on social media by BTS member J-Hope are widely believed to show Samsung's first Galaxy Wide Fold, giving consumers an early look at

Jul 21 2026
08:00 AM PST
South Korea’s Crypto Rulebook Is Stuck Between Banks and Big Tech

South Korea’s Crypto Rulebook Is Stuck Between Banks and Big Tech

Photo=Motionelements South Korea wants to become one of the first major economies to establish a comprehensive legal framework for digital assets. More than a year after lawmakers introduced the country's Digital Asset Basic Act, however, the legislation remains caught in a dispute over a question that many governments are now confronting: Who should control the future of digital money? The

Jul 20 2026
01:00 PM PST