South Korea, the world’s biggest maker of consumer-electronics memory chips, is leading the first geological study of Colombia’s rare metals as it seeks to secure supplies for Samsung Electronics Co. and LG Corp.
Japan’s trade ministry is set to invite South Korea to discuss joint purchases of liquefied natural gas as the world’s two biggest buyers seek to cut fuel import costs, according to two government officials with knowledge of the plans.
South Korea granted approval for Samsung C&T Corp. and three other private companies to build eight coal-fired power plants as part of an energy plan that spreads investment among state and private power generators.
Emerging-market stocks rose, capping a 0.4 percent weekly advance, as an increase in the U.S. jobless rate boosted prospects the Federal Reserve will continue stimulus that has stoked investment in developing nations.
South Korea’s government, which has spent $2.6 billion to foster a domestic market for clean energy, plans to change the way it subsidizes renewables to encourage private energy providers to take more initiatives on their own.