LG Energy Solution (LGES) said on March 24 that it would proceed with its plan to build a battery manufacturing complex in Arizona, investing 7.2 trillion won ($5.52 billion) to meet the increasing demand for batteries. LGES, one of the world’s largest battery makers, previously said it reviewed the project due to the “unprecedented economic…
LG Energy Solution to Invest Over $5.5 Billion to Build Battery Plant in US
North Korea Says It Tested Underwater Drone Capable of Generating ‘Radioactive Tsunami’
North Korea tested an underwater attack drone capable of generating a “super-scale radioactive tsunami” that would destroy enemy naval striker groups and ports, the regime’s official mouthpiece said on Friday. The regime’s Central Military Commission commanded the drills from March 21 to 23, state-run Korean Central News Agency (KCNA) reported. KCNA said the drone was…
Chip Plants in China Won’t Be Forced to Shut If Firms Receive US Funding, Says South Korea
March 24, 2023
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SEOUL—South Korea’s trade ministry said on Wednesday that the United States’ proposed rules to prevent $52 billion in chip funding from being used by “countries of concern” will not force recipients to shut down their China factories. The U.S. Commerce Department on Tuesday proposed limits for recipients of U.S. chip manufacturing and research funding, including…
South Korea, Japan Forms ‘Mini-Nato’ in Asia in Face of Communist Aggression: Expert
New Analysis After a 12-year hiatus in reciprocal visits between the leaders of South Korea and Japan, the recent visit to Japan by South Korean President Yoon Suk-yeol was seen as an ice-breaking trip. A political analyst told The Epoch Times that Japan and South Korea had achieved an “epoch-making reconciliation” and created a “mini-NATO”…
North Korea Says It Launched ICBM to Warn US, South Korea Over Drills
SEOUL—North Korea said that Thursday’s launch was its largest Hwasong-17 intercontinental ballistic missile (ICBM), fired during a drill to demonstrate a “tough response posture” to ongoing U.S.–South Korea military drills, state media reported. Photos released on Friday by North Korea’s state media showed Kim Jong Un watching the launch with his daughter, and included pictures…
South Korea, Japan Rebuild Ties in Face of North Korean Threat
The leaders of Japan and South Korea have agreed to restore bilateral ties, including the “complete” normalizing of a military intelligence-sharing pact to counter North Korea’s nuclear and missile threats. South Korean President Yoon Suk-yeol met with Japanese Prime Minister Fumio Kishida at a summit in Tokyo on Thursday, where both promised to turn the…
Plastic Surgery Hospital Video Leak in South Korea Prompts Concerns Over Made-in-China Cameras
Private video footage leaked from a Seoul plastic surgery hospital was recently circulated online, with some victims being celebrities. The footage was reportedly from the well-known hospital’s surveillance cameras, all made by Hikvision—a Chinese state-owned video surveillance equipment manufacturer. From Feb. 24 to 28, at least 31 videos leaked from the hospital and spread widely…
Samsung to Invest $300 Billion in Construction of South Korean Chip Center
Samsung Electronics will invest 300 trillion won ($227 billion) over the next 20 years to build five new chip plants in South Korea as part of the government’s goal to establish “the world’s largest” chip center by 2042. The plans were unveiled by the South Korean Ministry of Trade, Industry, and Energy on March 15….
North Korea Fires 2 More Missiles Amid US-South Korea Joint Drill
North Korea fired two short-range ballistic missiles into the sea on Tuesday, according to the South Korean military, in a tit-for-tat for ongoing U.S.-South Korea military drills on the Korean Peninsula. The launches occurred within minutes of each other. South Korea’s Joint Chiefs of Staff (JCS) said it detected North Korea firing a missile from…
South Korea Says North Korea Fired Ballistic Missile Ahead of Joint US Drill
South Korea’s military said on Thursday that it would maintain “a full readiness posture” with the United States after detecting North Korea’s launch of a short-range ballistic missile into waters off its western coast. The South Korean Joint Chiefs of Staff (JCS) said the missile was launched from North Korea’s western port city of Nampo…
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