SK Hynix sees robust chip demand for rest of year after strong Q2 sales

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 ...

Shares of parts makers outshine chips, display giants

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...

Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE

Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE

Back in the early 2010s, Hyundai Samho Heavy Industries Co. was a strong shipbuilder earning 800 billion won ($696 million) a year on sales of 4.8 t...

Korean housing prices soar to $5 tn in Moon admin with record growth

Korean housing prices soar to $5 tn in Moon admin with record growth

South Korean house prices have risen more during the President Moon Jae-in administration than any other as the current government has focused more ...

Hyundai Motor, Kia post strong Q2 profits; Chip shortage dims outlook

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...

Korean LCCs continue to face worst market conditions in 2021

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...

Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices

Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices

Korea Shipbuilding & Offshore Engineering Co. (KSOE), a leading South Korean shipbuilder, on Wednesday posted a dismal quarterly operating loss ...

NPS to raise exposure to Kosdaq-listed blue chips

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...

Kakao Pay must refile IPO registration statement to FSS

Kakao Pay must refile IPO registration statement to FSS

South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...

Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo

Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo

A consortium led by global investment firm Affinity Equity Partners is the most likely candidate to acquire South Korea’s second-largest food ...

Top industry talents launch AI chip startup; market takes note

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...

Memory chip supercycle cools as demand declines

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...

SK Hynix joins Micron in 4th-gen 10nm DRAM production

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 ...

Korean shipbuilders baffled by steelmakers’ offer to hike prices by 64%

Korean shipbuilders baffled by steelmakers’ offer to hike prices by 64%

South Korea’s major steelmakers are demanding a sharp price hike for steel plates used in ships, adding to difficulties faced by domestic ship...

NPS bets big on property development as asset prices soar

NPS bets big on property development as asset prices soar

The National Pension Service (NPS) has been increasing its appetite for office buildings in the development stage as part of an effort to snatch up ...

LegoChem’s biotech platform drives 28% share price spike over last month

LegoChem’s biotech platform drives 28% share price spike over last month

The rise of the platform economy is a global phenomenon. The spread of the coronavirus pandemic has accelerated the use of contactless technology an...

Samsung Elec's Q2 operating profit beats forecast on strong chip business

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...

Jungheung cuts Daewoo E&C acquisition price by $180 mn

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...

SK Siltron to ramp up wafer production from 2022

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...

Krafton lowers IPO share price amid debate over high valuation

Krafton lowers IPO share price amid debate over high valuation

South Korean game developer Krafton Inc. has decided to lower its initial public offering share price amid criticism over its high valuation followe...

Samsung Heavy Industries charters drillship to Italy’s Saipem

Samsung Heavy Industries charters drillship to Italy’s Saipem

South Korea’s Samsung Heavy Industries Co. has signed a contract to lease a newbuild drillship to Italian oilfield services company Saipem S.p...

Krafton hiccup: Financial regulator concerned over high IPO share price

Krafton hiccup: Financial regulator concerned over high IPO share price

South Korean game developer Krafton Inc.'s road to an initial public offering is getting rocky with the country's financial regulator expressing con...

US anti-dumping duties add to Korean tire makers' woes

US anti-dumping duties add to Korean tire makers' woes

The US trade body’s approval of anti-dumping tariffs on tire imports from South Korea, Taiwan and Thailand is adding to the woes of Korea&rsqu...

BOK ratchets up warning over asset price bubble, private debt

BOK ratchets up warning over asset price bubble, private debt

The recent asset price rises in South Korea, in particular in the equities and real estate markets, have been too rapid, even considering an expecte...

DB HiTek in quandary over foundry ramp-up amid chip supercycle

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...

Coupang fire may cut ROI of warehouse assets

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...

Samsung’s new 5G multi-chip combines DRAM, NAND into one package

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...

Shinsegae inches closer to eBay Korea purchase; deal remains elusive

Shinsegae inches closer to eBay Korea purchase; deal remains elusive

Shinsegae Group has inched closer to a deal to acquire eBay Korea that would see the South Korean retail giant emerge as an e-ecommerce behemoth wit...

Korean firms split into new units for fair valuation amid uncertainty

Korean firms split into new units for fair valuation amid uncertainty

The blurring of industry boundaries and increasing new opportunities in the pandemic era are driving major Korean companies to split businesses into...

Hyundai Motor, Kia overtake Ford in US auto sales in May

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...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race