chip output cut
Scope
Date
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Tech, Media & Telecom
Samsung to invest $200 bn over next 3 yrs, including M&As
Samsung Group will invest a combined 240 trillion won ($206 billion) over the next three years in its core businesses such as semiconductor, display...
Aug 24, 2021 (Gmt+09:00)
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Automobiles
Carmaker stocks hit speed bump of chip shortage, Delta variant
Shares in global carmakers such as Hyundai Motor Co. and Toyota Motor Corp. are tumbling. The automotive chip shortage is expected to deteriorate fu...
Aug 20, 2021 (Gmt+09:00)
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Automobiles
Luxury imported car sales growth at 5-yr high in S.Korea
Mercedes-Benz, BMW and Porsche have driven the double-digit growth of imported car sales in South Korea in the first seven months of this year, with...
Aug 17, 2021 (Gmt+09:00)
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Energy
KOGAS cuts import costs on Qatari LNG with COVID-19 kits
Korea Gas Corp. (KOGAS) cut imports costs on liquefied natural gas (LNG) from Qatar for 20 years thanks to COVID-19 test kits.KOGAS signed on July 1...
Aug 17, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung unveils industry’s first 5 nm processor for wearable devices
Samsung Electronics Co. has unveiled a new Exynos processor for wearable devices, built with an advanced 5-nanometer extreme ultra-violet (EUV) proc...
Aug 10, 2021 (Gmt+09:00)
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Automobiles
Carmakers log strong profits despite chip shortage
Global carmakers such as Stellantis N.V., BMW, Ford Motor Co. and Hyundai Motor Group surprised investors with strong earnings despite the automotiv...
Aug 04, 2021 (Gmt+09:00)
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Economy
Korea July exports hit record on strong chip, auto demand
South Korea’s exports hit a record high in July on strong shipments of both main products such as cars and chips, as well as new growth ones i...
Aug 01, 2021 (Gmt+09:00)
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Korean chipmakers
Chip supercycle view revives with DRAM, NAND prices at multi-year highs
The contract prices of memory chip prices are hovering around multi-year high levels, fanning the view that the global semiconductor market is enter...
Jul 30, 2021 (Gmt+09:00)
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Steel
Korea’s steel stocks make big rebound with rosy H2 outlook
The share prices of South Korea’s major steelmakers, which observed a period of a downturn over the last two months, is making a rebound amid ...
Jul 28, 2021 (Gmt+09:00)
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Korean startups
Korea's sole AI chip designer takes on automotive chip market
South Korea-based semiconductor intellectual property provider Openedges Technology Inc. has come into the limelight with global automaker Hyundai M...
Jul 28, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung further cornered by Intel's foundry ambitions
Intel Corp.'s announcement on Monday of securing Qualcomm Inc. as its first fabless client caught Samsung Electronics Co. off guard, as the South Ko...
Jul 28, 2021 (Gmt+09:00)
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Earnings
SK Hynix sees robust chip demand for rest of year after strong Q2 sales
SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...
Jul 27, 2021 (Gmt+09:00)
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Markets
Shares of parts makers outshine chips, display giants
Shares of South Korean semiconductor and display parts makers have stolen the spotlight from their key customers like Samsung Electronics Co. and SK...
Jul 27, 2021 (Gmt+09:00)
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Earnings
Hyundai Motor, Kia post strong Q2 profits; Chip shortage dims outlook
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, on Thursday posted strong second-quarter earnings, driven by pricey spo...
Jul 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero gets 5 more months to sell Yogiyo until January
South Korea’s antitrust regulator said on Thursday it is extending the deadline for Germany’s Delivery Hero SE to sell food delivery pla...
Jul 22, 2021 (Gmt+09:00)
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Airlines
Korean LCCs continue to face worst market conditions in 2021
Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst est...
Jul 22, 2021 (Gmt+09:00)
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NPS to raise exposure to Kosdaq-listed blue chips
The National Pension Service (NPS) will raise exposure to up-and-coming biopharmaceutical, electric vehicle parts, entertainment and gaming companie...
Jul 18, 2021 (Gmt+09:00)
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Korean startups
Top industry talents launch AI chip startup; market takes note
South Korea-based artificial intelligence (AI) startup Rebellions Inc. is drawing industry attention as AI chips become mainstays of the semiconduct...
Jul 15, 2021 (Gmt+09:00)
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Korean chipmakers
Memory chip supercycle cools as demand declines
A global memory chip supercycle is taking a breather with weakening growth in DRAM chip prices, halting bullish momentum in shares of Samsung Electr...
Jul 14, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero seeks more time to sell Korea's Yogiyo
Delivery Hero SE has requested up to another six months to sell South Korea's No. 2 food delivery platform Yogiyo, the estimated value of which was ...
Jul 13, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix joins Micron in 4th-gen 10nm DRAM production
SK Hynix Inc. has kicked off mass production of its 8 Gigabit (Gb) LPDDR4 mobile DRAM chips based on the 1a nanometer (1anm) node, according to the ...
Jul 12, 2021 (Gmt+09:00)
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Airlines
Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn
Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...
Jul 08, 2021 (Gmt+09:00)
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Earnings
Samsung Elec's Q2 operating profit beats forecast on strong chip business
Samsung Electronics Co. said its operating profit in the second quarter likely surged more than 50%, beating market expectations, thanks to its heal...
Jul 07, 2021 (Gmt+09:00)
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Construction
Jungheung cuts Daewoo E&C acquisition price by $180 mn
KDB Investment, in an announcement on July 5, has confirmed Jungheung Construction Co. as the preferred bidder for the acquisition of Daewoo Enginee...
Jul 05, 2021 (Gmt+09:00)
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Korean chipmakers
SK Siltron to ramp up wafer production from 2022
SK Group’s silicon wafer affiliate SK Siltron Co. is planning to expand wafer production facilities amid growing demand from the global chip m...
Jul 02, 2021 (Gmt+09:00)
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Korean games
Why Google is getting heat from game companies on recent commission cuts
Global IT giant Google is facing strong backlash from South Korean game companies angry with having to pay a 30% commission on in-app purchases whil...
Jun 29, 2021 (Gmt+09:00)
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Korean chipmakers
DB HiTek in quandary over foundry ramp-up amid chip supercycle
DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...
Jun 23, 2021 (Gmt+09:00)
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Artificial intelligence
Coupang fire may cut ROI of warehouse assets
Last week’s devastating fire at a Coupang distribution center, which reportedly burned down more than 16 million items for delivery, is expect...
Jun 22, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung’s new 5G multi-chip combines DRAM, NAND into one package
Samsung Electronics Co. has unveiled a new multi-chip that integrates high-performance DRAM and NAND flash memory chips into a single compact packag...
Jun 15, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia overtake Ford in US auto sales in May
Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, in May sold more cars in the US than Ford Moto...
Jun 09, 2021 (Gmt+09:00)
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Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet