Cheaper imports may also push domestic manufacturers to improve their quality, and reduce pressure on Hong Kong.
Sewol's captain Lee Jun Seok was one of the first people to be rescued from the vessel, which had 476 passengers on board.
The smartphone, scheduled to be announced Tuesday, could prove to be a formidable opponent for the Samsung Galaxy S6.
The latest investment is in addition to $14.3 billion budgeted for the plant by the chip maker last October.
As tensions rise, Chinese experts have raised their estimates of Pyongyang's nuclear capability.
A group of 30 women, including two Nobel laureates and prominent writer Gloria Steinem, are set to cross the heavily guarded border.
The average Internet speed attained by neighbors Japan and South Korea is four times that of China.
Negotiations to revise the existing pact, signed in 1974, have been going on for nearly five years.
The tragedy that killed over 300 people has led to widespread condemnation of the government, prompting violent protests and official resignations.
Asian equities have found support from Chinese measures to spur lending and combat a slowing economy.
A Japanese cabinet minister and about 150 lawmakers on Tuesday visited Yasukuni Shrine, seen by critics as a symbol of Japan's past militarism, sparking anger among Asian neighbors a day before U.S. President Barack Obama arrives in the region.
Despite government orders, three South Korean firms had paid the increased wages to their North Korean workers at the Kaesong industrial zone.
Prime Minister Lee Wan-koo is accused of accepting bribes worth thousands of dollars from a local businessman.
Prime Minister Lee Wan-koo has denied he received 30 million won ($27,000) in campaign funds from businessman Sung Wan-jong.
A North Korean propaganda unit said the U.S. ambassador to South Koreacould face a "bigger mishap" than the knife attack to his face last month if he does not stop insulting North Korea with "laughable" accusations.
The ferry was carrying 476 passengers, including 325 schoolchildren, when it sank near the island of Jindo.
Samsung hopes its new flagship phones will make it more competitive with Apple in the premium smartphone market.
During the 12-month period through March 31, Japanese warplanes scrambled 943 times, just one short of the 1984 record.
Tatsuya Kato, former Seoul bureau chief of Sankei Shimbun newspaper, is on trial for allegedly defaming South Korean President Park Geun-hye.
The Monday attack on the Moroccan embassy is the latest strike by ISIS against foreigners, embassies or oilfields in the country.
A government official and the foreign ministry did not elaborate on why Park had chosen not to attend.
Gunmen fired from a car at the embassy compound, killing two security officers who were Libyan government employees and wounding another.