World News -Foreign Diplomacy-TechNews-Artificial_Intelligence-BurningIssues

  South Korea is making a bold move to bolster its electronics sector with a massive investment of $483 billion over the next two decades. The ambitious plan includes the establishment of seven new industrial complexes, strategically aimed at boosting four key industries deemed critical for the nation's growth: semiconductors, electric vehicle batteries, display panels, and the bio industry. The selected sites for the complexes are Yongin and Pyeongtaek in Gyeonggi, and Gumi in North Gyeongsang, focused on the semiconductor sector. For electric vehicle batteries, the sites will be located in Ulsan, Cheongju in North Chungcheong, Saemangeum in North Jeolla, and Pohang in North Gyeongsang. The display industry will be targeted in Cheonan and Asan in South Chungcheong. South Korea is already a major player in the global electronics and semiconductor markets. Samsung Electronics recently unveiled its 300 trillion won investment plan to construct a chip cluster in Yongin by 2024, in add...

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1. The United States would treat China’s pursuit of resources in the dispute-rife South China Sea as illegal 2. The United States has rejected China’s claims in the South China Sea 3. The South China Sea is both home to valuable oil and gas deposits and is a vital waterway for the world’s commerce. Nine dash line 1. China  claims most of the South China Sea through a nine-dash line, a vague delineation based on maps from the 1940s. 2. It has built military bases on artificial islands in the contested areas to cement its claims. 3. Four years ago, a tribunal under the UN Convention on the Law of the Sea gave a decision against the nine-dash line. 4. China is a party to the Convention and is bound by it. The United States is one of the few countries that is not part of the convention. 5. Based on the court decision, China cannot make claims based on the Scarborough Reef or Spratly Islands, a vast uninhabited archipelago. 6. The US rejects China’s claims in the waters surrounding Vang...

1. India and the European Union (EU) are expected to agree on a high-level dialogue on trade and investment to restart negotiations at a virtual EU-India Summit. 2. During this summit, India and the EU are expected to conclude several agreements including a. a roadmap for cooperation, b. an agreement on research sharing for civil nuclear cooperation and c. launch a maritime security dialogue as well as negotiations between Europol and the CBI. 3. Tackling COVID-19 and its impact on the economy and the global order will be a priority on the agenda. 4. Medical developments on vaccines and treatment will be discussed along with the withdrawal of the U.S. from multilateral organisations (like the World Health Organisation), and concerns over an ‘assertive’ China. 5. The EU had welcomed India’s election to the UN Security Council next year. BTIA 1.The trade and investment dialogue is expected to give a boost to negotiations on the Bilateral Trade and Investment Agr...