Korea Joongang Daily
Korea JoongAng Daily

U.S. firm, Korean subsidiary to pay $252M penalty for illegal exports of chip equipment to China

The U.S. Commerce Department said Thursday that a U.S. firm and its Korea-based subsidiary have agreed to pay a penalty of about $252 million for what it called illegal exports of U.S. semiconductor manufacturing equipment to China.

2026-02-13

HD Construction Equipment launches after merger of Korea’s two largest machinery firms

HD Construction Equipment officially launched on Thursday following the merger of HD Hyundai’s two construction machinery units, setting a goal to nearly double sales to 14.8 trillion won by 2030.

2026-01-01

ASML completes construction of chip equipment plant in Korea

ASML, a Netherlands-based semiconductor equipment manufacturer, completed construction of a manufacturing plant in Korea, which is expected to serve as a cooperation hub for the Dutch company and Korean chipmakers.

2025-11-12

LS Electric on U.S. Big Tech’s radar for power system partnership: CEO

LS Electric's CEO highlights growth from U.S. tech demand, reporting significant revenue increases and ongoing expansion in power solutions for data centers.

2025-07-15

Heart surgeries face dangerous legal limbo as Korea's new nursing law threatens to kick vital technicians from operating room

As Korea prepares to enforce a new Nursing Act, veteran perfusionists who help stop and restart hearts during surgery face legal uncertainty, putting the future of critical cardiac operations and patient safety at risk.

2025-05-13

Korea's next hot tech investment: Cooling

Korea plans to boost exports of cooling equipment for data centers, crucial for AI growth, with a government investment of $250 million.

2024-12-02

Olympic gold medalist permitted to wear her own shoes, for now

The Badminton Korea Association (BKA) said Monday that it will temporarily permit Olympic gold medalistAn Se-young to wear her own shoes.

2024-10-15

Doosan Bobcat expands factory in Chennai, India to manufacture mini excavators

Doosan Bobcat finished the construction of facilities to manufacture mini excavators at its factory in Chennai, India.

2024-06-05

Amid rising violence, Korea's police officers receive safety gear makeover

Police announced Tuesday that new safety attire and equipment will be distributed to officers during the first half of this year to ensure the safety of officers exposed to dangers such as stabbings.

2024-05-07

China's chip equipment purchases last year nearly twice Korea's total

China spent a total of $36.6 billion on chip equipment last year, far ahead of Korea in second with $19.9 billion.

2024-04-16