#South Korea

South Korea

South Korea to surpass China in chip machine spending next year

Chip foundries are particularly important in the race for economic and political dominance

UAE and South Korea trade

UAE to invest $30bn in South Korea over the next few years

The two countries agreed to enhance joint efforts to implement the MoU that was signed recently

Samsung

Samsung drives $400bn South Korea plan to propel key tech

The company plans to build a new chip cluster on the outskirts of Seoul

These are the best passports for travellers to hold in 2023

The ranking, published by Henley & Partners, uses data from the International Air Transport Association

Kuwait

Kuwait says oil buyers don’t want to boost imports next year

The OPEC member exports about 2 million barrels a day of crude, most of it to Asian countries such as China, South Korea, Japan and India

Aramco says hydrogen talks with Japan, South Korea are advancing

Much of the gas for Aramco’s blue hydrogen will come from Saudi Arabia’s massive Jafurah field

powerful passports

These are the world’s most and least powerful passports in 2022

As recently as 2017, Asian countries barely featured among the world’s 10 most-accepted passports

IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

Samsung

Samsung is first to start mass production of 3-nanometre chips

Samsung’s 3nm products reduce power consumption by up to 45 per cent and improve performance by 23 per cent compared to 5nm chips

Qatar orders six gas ships from South Korea to boost exports

LNG is seen as an important substitute for fuels such as oil and coal

Abu Dhabi updates ‘green list’ destinations, includes two new countries

The new list, which includes 14 destinations, will be in effect from April 5

Saudi Arabia to ship gas to South Korea and take CO2 back

The state-run energy company already uses carbon dioxide to pump more crude out of the ground in a process known as enhanced oil recovery

Iran seizes ship, ramps up nuclear enrichment

The guard corps took the ship to Bandar Abbas port in Iran

Samsung Electronics chairman, Lee Kun-hee, dies at 78

The reins are now set to pass to his only son Jay Y. Lee, who’s been the conglomerate’s de facto leader since his father’s hospitalisation in 2014

UAE’s food security initiatives: Growing rice in the desert

The Covid-19 pandemic, while ringing in other changes, is also spurring the UAE to grow more of its food

Why Covid-19 is leading to a digital transformation in healthcare

The pandemic will prompt authorities to re-examine the robustness of their healthcare systems, says Damien NG, PhD, Next Generation Research at Julius Baer

Top 10 countries with the fastest internet speeds

Asia and Europe have the fastest internet connection speeds globally, a new report shows.