Samsung, SK woo ASML to gain edge over rival TSMC

2 months ago Korea Times

From left are ASML CEO Peter Wennink, Rutte, Yoon, Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won. According to the presidential office, Yoon asked ASML to make additional investments in Korea. ASML is a Dutch semiconductor equipment firm known as the world's sole producer of extreme ultraviolet (EUV) lithography machines. The Dutch firm's repair and engineer training centers are now under construction in the city south of Seoul that is home to Samsung Electronics' semiconductor manufacturing plants. In June, the Samsung chairman visited ASML's headquarters in the Netherlands to meet with its CEO.
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Korean Feminism: Biology Matters

While Korean feminism and discussions around gender have been characterized by various domestic and international media outlets as explosive, this short piece will try to offer some suggestions as to why that is the case. The conclusion, in case you can't wait that long is as the title suggests: In Korea, biology matters. Postcolonial feminism identifies differences not between women and men but between women and women. In a conversation on Korean feminism and feminist literature, Beth Eunhee Hong said that Korean feminism focuses on "biological female solidarity." Maybe there will be some who have a completely different take on the characteristics of Korean feminism.

3 months ago Korea Times

Korea's early Halloween history

Halloween parties were often held on American military installations and were generally confined to military personnel and their families. On Oct. 31, 1908, Ethel Mills, a missionary, groused that it was "Halloween night and nothing to do in Korea." In 1913, the missionaries in Pyongyang held a large Halloween party to which all the children of the community were invited. I am not sure what Halloween games the missionary children played in Pyongyang but their Korean peers could have probably taught them a few. According to Stewart Culin, a 19th-century expert on games, there was a game Korean children placed called "searching for the corpse."

3 months ago Korea Times

BOK chief says continued monetary tightening necessary but worries about 'growing signs of stress'

"Ensuring price stability and reducing inflation through tight monetary policy are still our priority." The BOK has hiked its key policy rate eight times by a combined 2.5 percentage point since August last year to tamp down rising inflation. It is widely expected to deliver another rate hike at this year's last monetary policy meeting scheduled for later this month. Rhee expressed worries over growing stress in various sectors and underlined the need to ensure stability especially in nonbanking financial sectors. "In fact, we are seeing signs of money move from nonbanking sectors to the banking sector after deposit rates in banks significantly increased following policy rate hikes," he added.

2 months ago Korea Times

Yoon's media policy feared to tarnish Korea's image

On Thursday, the presidential office banned MBC reporters from boarding the presidential jet during Yoon's visit to Southeast Asia for meetings of the Association of Southeast Asian Nations and the Group of 20. "The MBC ban, I think, wasn't very smart and appears to be a violation of freedom of the press," Breen said. The board of the Seoul Foreign Correspondents' Club (SFCC) issued a statement on its website, Thursday, expressing its concerns. Foreign journalists have joined in the criticism online. Article 24 in these regulations states that foreign journalists "Shall promote the development of relations of friendship and cooperation between the DPRK and other countries…through impartial reporting activities."

2 months ago Korea Times

From opium to cryptocurrency, North Korea maneuvers to earn hard cash for nuclear program

North Korean leader Kim Jong-un reportedly said in the past, "Cyberwarfare, along with nuclear weapons and missiles, is an 'all-purpose sword' that guarantees our military's capability to strike relentlessly." "North Korea's cryptocurrency heists are quite serious given that the proceeds go towards developing the regime's weapons programs. "We are closely monitoring trends on North Korea's cryptocurrency theft activities through close cooperation with the U.S.," a ministry official said, Tuesday. The experts said the current countermeasures against North Korea's expanding cybercrimes targeting cryptocurrencies cannot fully handle them. Klingner admitted that the U.S. has taken only limited actions against North Korean hackers and other countries that allow them to operate and launder money from cybercrimes.

2 months ago Korea Times

Korean Weltschmerz

Since my family didn't go to church, I hadn't even had a lot of contact with Korean Americans while growing up. He was a Korean man in his late 50s or 60s, small, kempt and dignified. I am just now realizing that much of the society that surrounds me feels old, crude, sorrowful and superficial, all the more so when juxtaposed against death. The physical epicenter might have been Itaewon, but the mental epicenter seemed to be the collective Weltschmerz that the Korean society seems to suffer both as a legacy and privilege. Rather, I see them as collective cries by Korean youth against a society that feels old, crude, sorrowful and superficial in an uncaring way that commodifies their lives.

2 months ago Korea Times

Volunteers anonymously tidy up Itaewon memorial as mourning continues

A drawing of a jack-o'-lantern in a funerary frame is placed along with white flowers at a memorial site by Itaewon Station in Seoul, Thursday. A middle-aged man who wished to remain anonymous met with this reporter at the memorial site throughout the week and shared what he witnessed as a volunteer. After leaving a white flower of condolence at Itaewon Station two weeks ago, he has continued to visit. Bul-il stands while chanting Buddhist prayers for the victims of the deadly crowd crush next to a memorial site at Itaewon Station in Seoul, Thursday. Korea Times photo by Shim Hyun-chulAt a corner of the memorial site, Ven.

2 months ago Korea Times

Ahead of Seoul show, Niia gets personal about her music

Niia / Courtesy of Ana StingBy Jamie FinnOn the intersection between jazz, classical music and R&B sits. Between her music lessons, taking jazz band in school and her own personal exploration, jazz was a source of strength and an important vessel for self-expression. As part of her growth, Niia plans to focus less on personal lyrics and sing about other subjects. Niia / Courtesy of Ana StingWith a diverse back catalogue, translating her music into a live setting is always an interesting experience. I come from performing with jazz ensembles, so my background is all about playing music live.

2 months ago Korea Times

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