SK HYNIX TO INVEST 100T WON IN CHEONGJU COMPLEX
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SOUTH KOREA ANNOUNCES $520BN CHIP PLANT PROJECT WITH SAMSUNG, SK HYNIX
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China targets more Japanese companies with export controls
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South Korea has unveiled a $520 billion semiconductor manufacturing project, aiming to build the world's largest chipmaking cluster in partnership with Samsung Electronics and SK Hynix to strengthen its global leadership in semiconductors.

The mega project will establish multiple advanced chip fabrication plants, research centers, and supporting industries, creating a complete semiconductor ecosystem while boosting production of AI, memory, and advanced logic chips.

The government will provide infrastructure, power, water, tax incentives, and regulatory support, with the cluster expected to attract hundreds of suppliers and create thousands of high-skilled jobs over the coming decades.

The initiative is designed to enhance supply chain resilience, maintain South Korea's competitiveness against rivals such as the United States, China, and Taiwan, and meet the rapidly growing global demand for AI and next-generation semiconductor technologies.
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ECB’S KAZAKS: CURRENTLY NO NEED FOR MULTIPLE ECB HIKES IN RUSHED WAY
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ECB’s Kazaks: Currently No Need For Multiple ECB Hikes In Rushed Way

Probability Of Negative Scenarios Have Fallen Massively Smaller Shock Reduces Risk Of Second-Round Effects As Of Today Shock And Persistence Smaller
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EMA SIGNALS SHORTAGE OF J&J'S TOPAMAX TABLETS IN THE EU
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IRAN'S PRESIDENT PEZESHKIAN SAYS $6 BILLION OUT OF $12 BILLION OF IRANIAN ASSETS IN QATAR SHOULD BE RELEASED - IRNA
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Pezeshkian: We reassure the international community that our nuclear activity will be proportionate to the country's needs and within the framework of our declared policies.
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LME ALUMINUM INVENTORY FALLS 1,500 TONS TO 305,225 TONS
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LME COPPER INVENTORY FALLS 3,375 TONS TO 333,100 TONS
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It is scheduled that the Iranian and American technical teams will meet in Doha in the coming days.
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Iranian and US technical teams working on the implementation of a memorandum of understanding are set to meet in Doha in the coming days, Reuters reported on Monday, citing a source with knowledge of the talks. Mediators have established communication channels to de-escalate any incidents, the source added.
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Putin: If Ukraine is really capturing and liberating more and more territory—if it is truly winning—then Western leaders should simply wait. If all of that is true, Russia's strategic defeat would supposedly happen on its own.
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EU's most important climate policy is up for review this summer, and Ireland must be the go-between in a major ideological contest among member countries.
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Samsung Elec: To Invest 2450T Won Domestically By 2040
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CHINA'S MILITARY SHOWS FIRST SIGHTING OF NEW FIGHTER JET, THOUGHT TO BE A SIXTH-GENERATION MODEL.
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UK MORTGAGE APPROVALS MAY: 56.2K (EST 63.0K; PREV 65.9K)
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UKRAINIAN ARMY ANNOUNCES THE DOWNING OR DISABLING OF 82 RUSSIAN DRONES DURING A LARGE-SCALE ATTACK TARGETING UKRAINE ON SUNDAY NIGHT.
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SPANISH GOVERNMENT SEES ECONOMY GROWING 2.6% THIS YEAR
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Iran’s central bank said on Monday that it had no role in selecting technology service providers for four banks affected by recent disruptions.

The central bank said the banks had been allowed, under decisions by higher authorities, to use other active information technology companies to restore banking services as quickly as possible.

It said any claim that the central bank had directed or recommended the selection of a specific company was baseless.

The bank also warned that it reserved the right to pursue legal action against those who published such claims without evidence.
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