Memory chip business to rely more on select customers: SK Group chairman
TOKYO -- The AI memory chip business is becoming more specialized but also more reliant on a small number of "locked-in" customers, according to SK Group Chairman Chey Tae-won.
SK Hynix, the South Korean group's chip company, has made a name for itself amid the artificial intelligence boom as the primary supplier of high bandwidth memory (HBM) chips to Nvidia of the U.S.
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The Mainichi
5 hours ago
- The Mainichi
New S. Korea leader, Trump agree to seek 'satisfactory' tariff deal
SEOUL (Kyodo) -- New South Korean President Lee Jae-Myung and U.S. President Donald Trump agreed during their first telephone talks on Friday to work toward a "mutually satisfactory" agreement on U.S. tariffs at an early date, South Korea's presidential office said. "Regarding ongoing tariff consultations between the two countries, the presidents agreed to strive for a mutually satisfactory agreement as soon as possible," the office said after their phone talks, adding that the leaders pledged to encourage tangible progress to be achieved in working-level negotiations. The two countries have been trying to negotiate a deal on the 25 percent tariffs Trump imposed on South Korea in early April as part of his so-called reciprocal import duties targeting almost all countries. During their talks, which started off with Trump congratulating Lee on his win in Tuesday's election, Lee emphasized the significance of his country's alliance with the United States. Both sides expressed an intention to work closely together for further development of the iron-clad alliance, according to the office. The office also said that Trump invited Lee to the United States, and the two leaders agreed to meet at the earliest opportunity to hold more in-depth discussions on advancing the alliance.
Kyodo News
6 hours ago
- Kyodo News
Kyodo News Digest: June 7, 2025
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Yomiuri Shimbun
10 hours ago
- Yomiuri Shimbun
South Korea's Lee, Trump Agree to Work Towards Swift Tariff Deal, Lee's Office Says
Pool via REUTERS South Korean President Lee Jae-myung speaks during a ceremony to mark the 70th Memorial Day at the Seoul National Cemetery in Seoul, South Korea, 06 June 2025. SEOUL/WASHINGTON, June 6 (Reuters) – U.S. President Donald Trump and South Korea's new president Lee Jae-myung agreed to work toward a swift tariff deal in their first phone call since Lee was elected this week, Lee's office said on Friday. Trump has imposed tariffs on South Korea, a long time ally with which it has a bilateral free trade deal, and pressed it to pay more for the 28,500 U.S. troops stationed there. Separately, Trump allies have aired concerns about Lee's more conciliatory stance towards China, Washington's main geopolitical rival. Lee, a liberal, was elected on June 3 after former conservative leader, Yoon Suk Yeol, was impeached and ousted. The future of South Korea's export-oriented economy may hinge on what kind of deal Lee can strike with Trump, with all of his country's key sectors from chips to autos and shipbuilding heavily exposed to global trade. His term began on Wednesday. 'The two presidents agreed to make an effort to reach a satisfactory agreement on tariff consultations as soon as possible that both countries can be satisfied with,' Lee's office said in a statement. 'To this end, they decided to encourage working-level negotiations to yield tangible results.' Trump invited Lee to a summit in the U.S. and they plan to meet soon, according to a White House official. Analysts say the first opportunity for the two to meet could be at a G7 summit in Canada in mid-June. Lee's office said the two leaders also discussed the assassination attempts they both experienced last year as well as their enthusiasm for golf. Lee underwent surgery after he was stabbed in the neck by a man in January last year, while Trump was wounded in the ear by a bullet fired by a would-be assassin in July. South Korea, a major U.S. ally and one of the first countries after Japan to engage with Washington on trade talks, agreed in late April to craft a 'July package' scrapping levies before the 90-day pause on Trump's reciprocal tariffs is lifted, but progress was disrupted by the change of governments in Seoul. Lee said on the eve of the elections that 'the most pressing matter is trade negotiations with the United States.' Lee's camp has said, however, that they intend to seek more time to negotiate on trade with Trump. While reiterating the importance of the U.S.-South Korea alliance, Lee has also expressed more conciliatory plans for ties with China and North Korea, singling out the importance of China as a major trading partner while indicating a reluctance to take a firm stance on security tensions in the Taiwan Strait. Political analysts say that while Trump and Lee may share a desire to try to re-engage with North Korea, Lee's stance on China could cause friction with the U.S. A White House official said this week that South Korea's election was fair, but expressed concern about Chinese interference in what analysts said may have been a cautionary message to Lee. Speaking in Singapore last week, U.S. Defense Secretary Pete Hegseth said many countries were tempted by the idea of seeking economic cooperation with China and defense cooperation with the United States, and warned that such entanglement complicated defense cooperation.
