The Albanese government's proposed domestic gas reservation bill has sparked a backlash from major Asian energy investors, with Japan and South Korea warning that the failure to exempt contract extensions from the scheme undermines historical investment decisions and threatens long-standing trade relationships.
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South Korea
Country in East Asia
South Korean Finance Minister Lee Hyoung-Il said Saturday that the country's semiconductor boom is expected to continue at least through next year, citing a persistent gap between supply and demand. His comments come after a week of sharp declines in chip stocks, driven by investor concerns over interest rate hikes and rising competition from Chinese firms.