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Chinese semiconductor exports to South Korea surge
Chinese and South Korean young entrepreneur representatives appealed for more exchanges between the two countries at all levels in the ICT sector.
The total installed capacity of electric vehicle power batteries of three Korean companies accounted for 25.8% of the global market. In contrast, that of Chinese CATL and BYD accounted for 34.8% and 11.8%, respectively.
LG Energy and China’s Huayou Cobalt to build battery recycling joint venture
Yang Hyang-ja, the official in charge of South Korea’s semiconductor industry affairs and also a National Assembly member
Apple is reportedly hiring auto engineers in China potentially to deploy its latest CarPlay system in the country and encountering competitors like Huawei.
Chinese smartphone manufacturers are recruiting talented Korean smartphone engineers with an offer quadruple of their current salaries or even more.
POSCO Chemical, the South Korean leading energy material company, is planning to expand its battery cathode production in China through a joint venture
South Korean semiconductor companies’ market share in China - the world's largest chip market - has dropped since 2019, when the U.S. began to restrict supply for China, according to the Federation of Korean Industries (FKI)