Country: South Korea
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South Korea Moves to Reduce Reliance on China for EV Battery Metals
The South Korean government introduced new measures this week to reduce its dependence on China for 185 different critical resources, many of which are used to manufacture EV batteries. The Ministry of Industry, Trade and Energy announced on Wednesday new measures that ...
Maritime Tensions Surge in Western Pacific Amid Drills and Provocations by Some of the World’s Largest Navies
The South Korean Air Force scrambled fighter jets on Tuesday after two squadrons of Russian and Chinese military aircraft entered its air defense zone, the latest incursion across another country's international boundary by rival militaries operating in very close proximity in the Western Pacific.
New Billion-dollar Korean-Chinese EV Battery Plant Deal Likely to Anger the U.S.
South Korea's LG Chem signed a deal with Chinese mining and metal refining giant Zhejiang Huayou Cobalt to build a massive $920 million electric vehicle battery factory in southwest Korea. While the proposed factory makes a lot of sense for companies ...
China’s Highly Selective Retribution Against Countries That Impose COVID Tests
The Chinese government on Tuesday stopped issuing short-term visas to travelers from South Korea and Japan in retaliation against COVID tests both countries imposed on Chinese visitors. The Chinese Foreign Ministry called the testing requirement for Chinese nationals "unacceptable" and "unscientific."
South Korea’s Growing Reliance on Saudi Oil Could Make It Vulnerable in the Event of a Taiwan Conflict
South Korea imported 31 million barrels of Saudi Arabian oil last month, up 30% compared to the same time last year, according to new data from the Korea Customs Service. Today, South Korea is Asia's ...
In State of the Nation Address, Kenyatta Called For Kenya to Become the World’s Next “Asian Miracle”
Kenyan President Uhuru Kenyatta delivered his eighth and final State of the Nation address on Tuesday and used the occasion to justify the massive expansion of the country's debt as part of his plan to accelerate economic growth, much the same way a small group of Asian ...
The Key Takeaway From Wang Yi’s Week-Long Asia Tour: It’s Not Easy Balancing Ties Between China and the U.S.
Chinese Foreign Minister Wang Yi wrapped up a week-long four-nation Asian tour on Wednesday in Seoul where he met with his Korean counterpart Chung Eui-yong. Wang also visited Vietnam, Cambodia, and Singapore on a trip that was expressly intended to bolster China's ties in a region that both ...