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U.S. Big Techs to Sign Long-Term Chip Contracts with South Korea: Presidential Policy Chief

Seoul: The top stories in major South Korean newspapers on July 25 highlight significant economic developments and legal outcomes affecting the region.

According to Yonhap News Agency, Kookmin Daily reports that U.S. big tech companies are expected to commit to long-term chip contracts and investments in AI data centers in South Korea. This development is seen as a strategic move to strengthen technological ties between the United States and South Korea, potentially boosting South Korea's chip manufacturing industry.

Donga Ilbo reveals that the U.S. has introduced forced labor tariffs of up to 12.5 percent on South Korean goods. This policy move could have implications for trade relations and economic exchanges between the two nations.

Chosun Ilbo's coverage points out that the KOSPI, South Korea's stock market index, has experienced a sidecar for the 10th consecutive day, likening the situation to gambling. This indicates a period of significant volatility and uncertainty in the stock market.

JoongAng Ilbo reports on the conclusion of a high-profile divorce case, dubbed the 'divorce of the century,' which ended with a settlement of 944 billion won after nine years. This resolution marks a significant legal and financial milestone.

Hankook Ilbo notes the revival of Trump's tariffs under 'Section 301 forced labor,' signaling a return to stricter trade measures previously seen during the Trump administration.

Maeil Business Newspaper covers the court's decision ordering SK Chairman Chey to pay 944 billion won in a divorce suit, highlighting the financial repercussions for one of South Korea's prominent business figures.

Lastly, Korea Economic Daily explores the rise of a shoe-focused group that has managed to build a 6 trillion-won fashion empire, showcasing a case of significant business success and expansion in the fashion industry.

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