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The Ministry of Trade, Industry and Energy (MOTIE) on July 2 announced a 392 trillion-won industrial investment package targeted at the central Chungcheong region. Samsung group subsidiaries are slated to invest about 140 trillion won for an HBM wafe

2026-07-02

The Ministry of Trade, Industry and Energy (MOTIE) on July 2 announced a 392 trillion-won industrial investment package targeted at the central Chungcheong region. Samsung group subsidiaries are slated to invest about 140 trillion won for an HBM wafer fab, advanced packaging, OLED output and battery lines; SK Hynix plans roughly 100 trillion won for NAND and advanced packaging fabs; Celltrion intends about 2 trillion won for biopharma facilities. Approximately 150 trillion won is earmarked for AI data centers. The government pledged financing, tax incentives and regulatory support to secure project implementation.

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2026-07-02

German chancellor MERZ said tax reform has eased the burden on low- and middle-income households, with average annual savings of up to €600.

German chancellor MERZ said tax reform has eased the burden on low- and middle-income households, with average annual savings of up to €600.
2026-07-02

China's Central Meteorological Observatory issued a yellow rainstorm warning at 18:00 on July 2; the Ministry of Transport activated a level-3 response to heavy rainfall.

China's Central Meteorological Observatory issued a yellow rainstorm warning at 18:00 on July 2; the Ministry of Transport activated a level-3 response to heavy rainfall.
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