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South Korea: January 2024

South Korean tech news from January 2024 covered items in areas including: the announcement of record-breaking startups-focused funding; $471 billion in private-sector investment in semicon chips manufacturing and R&D; South Korean kitchen robotics; partnership between the US, Japan and South Korea on quantum tech research; and more.

SNA’s other editions: Asia’s tech news, daily (via LinkedIn, Facebook & Twitter/X); and our Indo-Pacific technology newsletters, weekly.

Also available:
Critical technologies, quarterly across Q4 2023

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“The support projects cover eight categories, with loans and guarantees commanding the highest share at 55.3% (KRW 2.0546 trillion/USD 1.57 billion).”

“Commercialization follows closely with KRW 793.1 billion (USD 606 million) (21.4%) and technology development at KRW 544.2 billion (USD 416 million) (14.7%).”

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“The government on Monday outlined a blueprint involving investment of 622 trillion won ($471 billion) from the private sector in the years leading up to 2047. They will spend the money to build 13 new chip plants and three research facilities, on top of an existing 21 fabs. Spanning Pyeongtaek to Yongin, the area is expected to be the largest in the world, capable of producing 7.7 million wafers monthly by 2030.”

“As part of the two-decade plan, Samsung and Hynix are set to build their most sophisticated chip plants at home. Samsung’s betting big on foundry — or making chips for other firms — as part of a 500 trillion won investment by 2047. Smaller rival Hynix aims to invest 122 trillion won in memory in Yongin over the same period.”

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“The smuggling operation is by far the largest ever busted in respect to value, and probably also in respect to quantity. The previous record holder was an attempt to smuggle $4 million worth of CPUs, SSDs, and other electronics from Hong Kong to China. The would-be smuggler similarly incorrectly declared his goods to customs officials, who weren’t fooled and subsequently busted the plot.”

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Indo-Pacific Tech news: Daily

Note: Our mobile app is offline due to the ongoing breakdown of Twitter/X. The app will be back, much-improved and with broader functionality, late in Q1 of 2024.

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Weekly Asia Tech newsletters

In the January 23rd newsletter:
South Korea’s semicon mega-development,
India-Argentina lithium mining,
Singtel adds Starlink for maritime use,
India’s quantum technology moves,
Huawei adds Changan and JD for OS growth,
Google backs Pacific Connect undersea cable…
January 23rd newsletter on LinkedIn
January 23rd newsletter on Substack

Critical technologies in December 2023

© 2024 STARTUP NEWS ASIA by Wade K Wright / Asia's tech news weekly

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