South Korea

South Korea is going to spend $471 billion to create a chip manufacturing cluster

South Korea unveiled plans by leading companies such as Samsung Electronics Co. and SK Hynix Inc. to spend $471 billion to create the world’s largest chip manufacturing cluster, writes Bloomberg. The government has unveiled a plan that envisages this investment from the private sector through 2047. This money will be ... Read more

The South Korean military accidentally hit its own base with a missile during exercises

South Korea’s military accidentally hit its own air base with a missile during exercises on Tuesday, according to new reports of the Korea Times newspaper. The unfortunate incident caused a firestorm and sent the signal opposite to that South Korea and the United States are ready to respond to North ... Read more

South Korea successfully launches Nuri launch vehicle and becomes 11th space power in the world

On June 21, 2022, at 07:00 Coordinated Universal Time, the Naro Space Center in South Korea successfully launched the Nuri (Korean) launch vehicle, also known as the KSLV-II (Korean Space Launch Vehicle-II). South Korea has become the 11th country in the world to independently develop and launch artificial satellites of ... Read more