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Samsung Elec management, union to sit down at govt mediation
SEOUL, May 08 (AJP) - The South Korean government is intervening to contain a looming strike at Samsung Electronics before it rattles the semiconductor giant that has become the country’s economic shock absorber amid Middle East turmoil, fragile domestic demand and a stock market increasingly driven by the artificial intelligence chip boom. The Ministry of Employment and Labor is scheduled to meet lea
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South Korea pushes for drone autonomy through standardization
SEOUL, May 08 (AJP) - South Korea is moving to standardize its drone industry around K-MOSA as the government seeks to shorten development cycles, lower production costs and build a scalable domestic manufacturing ecosystem for unmanned systems. The initiative comes as drones rapidly redefine modern warfare from Ukraine to the Middle East, exposing how military competitiveness increasingly depends not o
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Chip boom feeds record C/A surplus streak in March, overseas stock invest eases
SEOUL, May 08 (AJP) -The black in South Korea's current-account balance stretched to new record high of $37.33 billion in March and $73.78 billion for the first three-month period, both more than quadrupled from a year-ago period in line with double-digit growth in exports that more than offset gain in imports from higher U.S. dollar and energy cost amid a war outbreak in the Middle East. Despite t