Samsung, SK Hynix lose US waiver on chip equipment for China use
The US will make it harder for Samsung Electronics Co. and SK Hynix Inc. to manufacture chips in China and upgrade production facilities there, thre...
Samsung, Mirae Asset, KB vie for $44.7 bn pension investment pool management
South Korea has opened bidding for the management of its 62 trillion won ($44.7 billion) state pension investment pool, pitting two of the country&r...
Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending
WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...
Korean tycoons head to US to support summit; Samsung likely to unveil fresh investment
The heads of South Korea’s largest conglomerates are heading to the US to support a Seoul-Washington summit, with investors watching closely f...
Bill Gates strengthens ties with Samsung, SK, HD Hyundai on energy, biotech, philanthropy projects
Bill Gates, the Microsoft co-founder-turned-philanthropist, has stepped up his engagement with South Korea’s corporate titans, meeting the hea...
Samsung’s US profit triples in H1 thanks to Galaxy phones
Samsung Electronics Co.'s US unit nearly tripled its profit in the first half of the year, defying concerns about steep US tariffs on foreign electr...
US government eyes stake in Samsung, TSMC in return for CHIPS Act funds
The US government is looking into acquiring equity stakes in chipmakers such as Samsung Electronics Co., Taiwan Semiconductor Manufacturing Co. (TSM...
Bill Gates to court Korea’s business titans in Seoul for philanthropy push
Bill Gates, billionaire philanthropist and Microsoft co-founder, is heading to Seoul this week to deepen partnerships with South Korea’s corpo...
POSCO, JSW to build 6 million-ton steel plant in India
South Korea’s largest steelmaker POSCO Group has agreed with JSW Steel Ltd. to build an integrated steel mill with an annual capacity of 6 mil...
Hyundai, Kia take crown as Saudi Arabia’s best-selling cars in H1
Hyundai Motor Co. and Kia Corp.'s subcompact models took the top two spots in Saudi Arabia’s automobile market in the first half of this year ...
Hyundai speeds up Africa-Middle East drive with Algeria plant
Hyundai Motor Co. plans to build an auto manufacturing plant in Algeria, the South Korean auto giant’s fourth in Africa, accelerating its expa...
Hana Bank, Vietnam’s BIDV to expand cross-border QR payment services under strategic partnership
Hana Bank, one of South Korea’s leading lenders, said on Wednesday that it has signed an agreement with Vietnam's largest state-owned commerci...
Samsung to set up chip packaging R&D center in Yokohama, raise stakes vs TSMC
Samsung Electronics Co. will set up an advanced chip packaging research and development center in Yokohama, Japan with an investment of 25 billion y...
BOE risks 15-year US OLED ban in Samsung dispute; Korean display stocks rally
South Korean display makers stand to gain from a possible 15-year US import ban on organic light-emitting diode (OLED) panels from China’s BOE...
Samsung boosts HBM specialist hiring, scales back foundry recruitment
Samsung Electronics Co. is stepping up recruitment of seasoned high-bandwidth memory (HBM) specialists in a push to reclaim leadership in the semico...
LG CNS to build AI data center in Vietnam, accelerating Southeast Asia push
LG CNS Co. will build a hyperscale artificial intelligence data center for Vietnam’s state-run telecom giant Vietnam Posts and Telecommunicati...
South Korea, Vietnam to nearly double bilateral trade to $150 billion by 2030
South Korea and Vietnam agreed Monday in Seoul to boost bilateral trade to $150 billion over the next five years, nearly double current levels, by e...
Celltrion in talks to buy Eli Lilly plant in US for $504 million
Celltrion Inc., South Korea’s biosimilar-developing leader, is in talks with Eli Lilly and Company to buy the American multinational pharmaceu...
Trump’s chip tariff threat stirs jitters; impact on Samsung, SK Hynix limited given MFN status
NEW YORK – A revived threat from US President Donald Trump to impose a 100% tariff on imported semiconductors has reignited concerns in South ...
S.Korea-US summit likely set for Aug. 25; Vietnam’s top leader to fly to Seoul for state visit
South Korean President Lee Jae Myung will likely have a summit meeting with his US counterpart Donald Trump later this month amid a flurry of high-l...
Samsung to produce Apple’s next-gen chips at US foundry plant
The global memory chip powerhouse Samsung Electronics Co. will produce chips for Apple Inc. at its semiconductor manufacturing facilities in the US,...
Hitachi mulls sale of Japanese appliance unit, Samsung potential buyer: Nikkei
Japanese conglomerate Hitachi is considering selling its domestic home appliance subsidiary as part of the group’s effort to focus on its soci...
Samsung eyes earnings recovery in H2 on higher HBM sales
Samsung Electronics Co. expects its earnings to recover in the second half of this year, banking on rising demand for its premium high-bandwidth mem...
Musk confirms $16.5 bn alliance with Samsung: 'Spoke with Lee via video call'
Elon Musk isn’t leaving any room for doubt when it comes to Tesla’s multibillion-dollar chip deal with Samsung Electronics Co.The Tesla ...
Samsung Chairman Lee heads to US as chips become key trade leverage
Samsung Electronics Co. Chairman Lee Jae-yong departed for the US on Tuesday, just days before the US-set Aug. 1 deadline for a trade deal, si...
Celltrion nears deal for 1st US biologic manufacturing plant
Celltrion Inc., South Korea’s biosimilar-developing leader, is closing in on its first US acquisition, which is expected to enable the company...
Samsung clinches $16.5 billion chipmaking deal from Tesla
Samsung Electronics Co., the world’s top memory chipmaker, has clinched a landmark contract chipmaking deal worth $16.5 billion from Tesla Inc...
President Lee meets with Samsung chief amid stalled US-Korea trade talks
South Korean President Lee Jae-Myung met with Samsung Electronics Co. Chairman Lee Jae-yong on Thursday amid growing speculation that Seoul may leve...
GM CEO Mary Barra quells Korea exit talk amid mounting auto tariff pressures
US auto giant General Motors Co. is regarding its South Korean factories as central to its global supply chain, particularly for compact SUVs and el...
S.Korea’s most prominent business leader returns with all charges cleared
After nearly a decade spent fighting allegations of corporate wrongdoing, Samsung Electronics Co. Chairman Lee Jae-yong has been acquitted on all ch...
