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Industry

South Korea faces warnings of growing reliance on semiconductors

Warnings are growing that South Korea is shifting toward an economy led by a single semiconductor sector, similar to Taiwan. Record chip exports driven by AI demand are lifting potential growth forecasts and per-capita GDP projections. But analysts say gains are concentrating in Samsung Electronics and SK hynix as they handle production and packaging in-house. That could widen the gap between headline indicators and felt conditions, with institutions also warning of structural risks and weaker non-chip manufacturing.

Industry

Thermal runaway detection and robot reconnaissance rollout speeds up to prevent battery fires

Industry is widening responses to lithium battery fires by deploying unmanned reconnaissance and expanding detection beyond visible flames. Thermal runaway is hard to spot in advance because voltage and temperature change little until just before it occurs, and remaining batteries can run away again after a fire is put out. Off-gas sensing is being tested as an early-warning method, while robots are used to inspect sites after extinguishing. Overseas standards are beginning to require off-gas monitoring.

People

Shin Jin-chang appointed vice chair of Financial Services Commission

South Korean President Lee Jae-myung on Oct. 16 appointed Shin Jin-chang, the Financial Services Commission\'s secretary general, as vice chair of the watchdog. The appointment was announced in a written briefing by senior presidential spokesperson Kang Yoo-jung. Shin, from Geumsan in South Chungcheong province, has held posts including director general for structural reform policy, and headed the financial industry and financial policy bureaus at the commission.