In this episode of The Korea Pro Podcast, John and Joon Ha explore recent developments in South Korea’s economic and industrial landscape.

The discussion begins with an analysis of the intensifying takeover battle for Korea Zinc as Young Poong and MBK Partners increase their bid to $1.7 billion. The team examines the potential implications for the company’s future projects and the broader impact on workers and supply chains.

Next, they turn their attention to South Korea’s $7.5 billion AI manufacturing initiative. John and Joon Ha compare this investment to those of regional competitors and discuss the challenges South Korean companies may face in the global AI race.

The conversation then shifts to South Korea’s projected tax revenue shortfall for 2024. The team delves into the causes of this shortfall, the government’s approach to addressing it and the potential economic implications.

Additionally, they explore the significance of the resumed South Korea-Japan talks on continental shelf development, marking the first such discussion in nearly four decades.

Looking ahead, John and Joon Ha touch on the upcoming visit of Slovakian Prime Minister Robert Fico and its potential impact on bilateral relations.

About the podcast: The Korea Pro Podcast is a weekly 15-minute conversation hosted by Editorial Director Jeongmin Kim (@jeongminnkim) and Editor John Lee (@koreanforeigner), diving deep into the most pressing stories shaping South Korea — and dissecting the most complicated ones for professionals monitoring ROK politics, diplomacy, culture, society and technology. Uploaded every Friday.

This episode was recorded on Sept. 26, 2024

Audio edited by Gaby Magnuson