- The reading has stayed above 110 for for The reading has stayed above 110 In the same month, Hyundai announced announced Hyundai month, same In the The firm, more like a research Boston Dynamics, spun off from the for The reading has stayed above 110 LG Uplus, Korea’s third largest mobile car third largest LG Uplus, Korea’s while a reading below the benchmark means The survey was carried out on the opposite. 1,201 exporters. three consecutive quarters, reaching 120.8 out- The improved the second quarter. in look came on the back of the strong global demand for auto parts, ships and petroleum products. Capital Ltd. and two individuals. Capital Ltd. and two by 2025 for 60.1 trillion invest KRW will it the in share bigger a to gain mobility future rapidly evolving global automobile market. organization than a profit-seeking business, - has churned out machines that are techno - rep are machines The advanced. logically resented by Spot, a maneuverable dog-like . in Technology of Institute Massachusetts 2013 the early 1990s, was sold to Google in and again to Softbank in 2017. while a reading below the benchmark means The survey was carried out on the opposite. 1,201 exporters. three consecutive quarters, reaching 120.8 out- The improved the second quarter. in look came on the back of the strong global demand for auto parts, ships and petroleum products. rier with broadband and protocol TV TV protocol internet and broadband with rier (IPTV) services, was the first Korean IPTV provider that introduced Netflix to Korean au- diences through an exclusive partnership, see- jump subscribers IPTV ing the number of its 20 percent in two years. streaming giant isseeking reportedly to part- via service TV Uplus to begin its ner with LG sep- a in be to said is also it IPTV, LG Uplus carrier mobile Korean another with talk arate service. for mobile OTT Corp. KT - - Disney Plus, the on-demand over-the-top over-the-top the on-demand Disney Plus, talks final in are reportedly firms two The the Korean market Disney Plus targeting S. S. Korea's exports are expected to - con The country's export business survey in- S. S. Korea's exports are expected to - con The country's export business survey in- said on June 21 said on June 21 Hyundai Motor Group board of directors at the the In December, video streaming service of the global media media global of the streaming service video will Disney, Walt The giant and entertainment Uplus LG its Korean debut through likely make platform. IPTV Corp.’s Disney Plus via LG to clinch a deal to service according to industry sources IPTV, Uplus’s on June 1. with talks in has been September in launch American the While operators. network local vey carried out by the Korea International International Korea the by out carried vey reading above A Association (KITA). Trade pessimists, outnumber optimists 100 means tinue their growth over the third quarter on a recovery, the back of the global economic trade association said on June 24. dex (EBSI) for the July-September period sur a to according 113.5, to 2021 came in tinue their growth over the third quarter on tinue their growth over the third quarter a recovery, the back of the global economic trade association said on June 24. dex (EBSI) for the July-September period sur a to according 113.5, to 2021 came in International Korea the by out carried vey reading above A Association (KITA). Trade pessimists, outnumber optimists 100 means that its three affiliates and its chief have ac- stake in U.S.-based ro- a controlling quired botics firm Boston Dynamics, Inc. for USD S. of the is part The investment 880 million. plans Korean automaking group's broader to strengthen its competitiveness in future mobility solutions. three affiliates—Hyundai Motor Co., Hyun- dai Mobis Co. and Co.— 80 a combined plan to acquire approved the percent stake in Boston Dynamics whose from at USD 1.1 billion, is estimated value Japanese investment firm SoftBank Group 0 days of June 0 days S. Korea's Korea's S. exports jump 40.9 pct in first 1 S. Korea's Korea's S. exports set to maintain solid Q3: over growth KITA Trade & Commerce & Commerce Trade Hyundai Motor Hyundai Motor buys U.S. firm robotics Softbank from USD 880 for mln Foreign Direct Investment Investment Direct Foreign Plus Disney to partner likely Uplus with LG streaming for service in Korea 04

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Trade & Commerce

S. Korea, Chile S. Korea said on June that 22 it has launched ways to promote the digital trade. S. Korea hold meeting to the fifth round of talks with Chile to reflect implemented its first- FTA with Chile in improve trade the latest industry trends into their 17-year-old 2004. The two countries have been holding pact trade agreement (FTA). additional meetings since 2018 to further During the three-day virtual meeting, expand trade ties. Chile is the third-largest the two countries plan to discuss a wide array trade partner of S. Korea in the Central and of issues ranging from labor and the environ- South American region, following Mexico and ment to intellectual rights, according to the Brazil. The combined trade between the two Ministry of Trade, Industry and Energy. countries came to USD 4.4 billion in 2020. and Santiago will also share ideas on

Industry

Domestic S. Korea's domestic demand is extending an "Exports and investment have continued demand extends improving trend as retail sales and consumer to maintain solid recovery momentum, and improving sentiment gained ground amid an economic domestic demand is extending an improving momentum: recovery, the finance ministry said on June 11. movement," the Ministry of Economy and Fi- ministry In its monthly economic assessment report, nance said in the Green Book. the ministry presented a positive assessment Asia's fourth-largest economy is recovering of private consumption for the second straight from the pandemic as exports of chips and au- month. Last month, the government said do- tos, key items, remained solid amid the global mestic demand is "gradually" improving. economic recovery.

Government & Policy

S. Korea to S. Korea said on June 23 it will invest KRW commercialization expected as early as 2028. invest over KRW 220 billion (USD 195 million) to develop and The Ministry of Science and ICT said it 200 bln in 6G standardize sixth generation (6G) network has earmarked around KRW 200 billion until tech by 2025 technology by 2025 and conduct joint research 2025 to develop core 6G technology, such as with the United States to strengthen competi- integrating satellite networks and terrestrial tiveness in the global race for the future tech- networks to power for nology. future flying vehicles and drones, as well as in The network technology, which is expected disaster situations. The country has already set to reach theoretical speeds up to 50 times fast- out a plan to launch 14 low Earth orbit satel- er than and have a tenth of its latency, is lites by 2031 to test the technology. currently in early stages of development, with

S. Korea to S. Korea's top economic policymaker said Korean automakers are accelerating the de- foster parts on June 10 that the government plans to velopment and production of next-generation suppliers for provide support to help around 1,000 auto automobiles, including autonomous and hy- next-generation parts makers transform into key suppliers of drogen-fueled vehicles. cars next-generation automobiles by 2030. The Moon Jae-in administration, in partic- Finance Minister Hong Nam-ki said the ular, has been pushing to foster the industry country plans to create a KRW 500-billion for EVs in line with its green energy policy. S. (USD 448 million) fund to support research Korea plans to have eco-friendly cars, includ- and development and facility investment in the ing hydrogen fuel cell cars, take up 30 percent next-generation vehicle sector. "It is very nec- of the total automobiles registered in the coun- essary to take the lead in the next-generation try by 2030, rising sharply from the current vehicle and related parts markets," Hong said estimate of 3 percent. at a government meeting on new industries.

Source: www.investkorea.org, Yonhap News Agency, Pulse by Maeil Business News Korea 05