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Samsung's chip profit posts almost 50-fold growth but supply worries cloud 2027 outlookSamsung Electronics achieved record profits, fueled by a massive surge in chip income. The company anticipates a severe chip shortage next ...- Coupang swings to loss as data breach dents Q4; sees muted near-term growthCoupang Korea, which generates more than 90% of the group's total revenue, has faced a public backlash following disclosure of a data breac...
- Samsung sees strong AI demand after profit triples to record highThe results underscore the strong pricing power of the world's top memory chipmaker, with its profit growth set to accelerate this quarter.
- Samsung Electronics names mobile chief co-CEO in return to traditional structureSamsung Electronics has appointed TM Roh, its mobile chief, as a new co-Chief Executive Officer. He will also lead the device experience di...
- Nvidia-supplier SK Hynix bets on chip 'super cycle' after booking record profitSK Hynix has sold all its chip production for next year. The company plans significant investment increases. This is driven by a booming AI...
- Samsung delays taking deliveries of ASML's chip gear for its new US factory, sources sayThe delay in equipment deliveries is a fresh setback to the Taylor project, which is at the heart of Samsung chairman Jay Y. Lee's ambition...
- Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sourcesThe moves show how China is gearing up to keep its technology ambitions on track amid rising trade tensions with the US and other western n...
- Hyundai seeks expansion, higher valuation with India IPOHyundai Motor's planned $3 billion IPO in India aims to achieve two objectives: expand in a rapidly growing market and address the "Korea d...
- Arrest warrant issued for ex-Samsung Elec official over chip tech leak -YonhapProsecutors on Wednesday sought an arrest warrant for the former official who is accused of giving information related to 18-nano DRAM memo...
- Samsung says chips to recover in 2024 after best quarterly profit this yearLoss in the memory chip business shrank to 3.75 trillion won in the third quarter, versus a 4.36 trillion won loss in the second, as Samsun...
- Dollar dips after recent gains; U.S. stocks advance with AppleThe dollar index's weekly winning streak would be its longest since 2014, bolstered by recent reports showing the U.S. economy remains resi...
- Hyundai Motor Group to invest $18 billion in South Korean EV industry by 2030The auto group, which houses luxury brand Genesis, besides Hyundai and Kia, also announced that it plans to expand annual EV production in ...
- PUBG maker Krafton's $5 billion IPO could be delayed by up to a fortnightThe delay of the initial public offering (IPO), set to be South Korea's biggest ever, could be for up to a fortnight as a result of the reg...
- PUBG parent Krafton to launch $5 billion plus IPO next week: ReportAt $5 billion-plus, Krafton would become the biggest IPO in South Korea since the 4.9 trillion won ($4.4 billion) float of Samsung Life Ins...
- Coupang surges to over $100 billion valuation after $4.6 billion IPOCoupang share price soared 81% to open at $63.50 apiece on the NYSE. This after South Korea's largest e-commerce firm sold 130 million shar...
- Coupang raises $4.6 billion in biggest US IPO so far this yearCoupang had priced 130 million shares sold in the IPO at $35 apiece, higher than the marketing range $32-$34 per share, giving the Seoul-he...
- Hyundai Motor Group to build first overseas fuel cell system plant in ChinaHyundai Motor Group has signed an investment pact with the government of China's southern province of Guangdong to build its first overseas...
- General Motors union in S.Korea approves second tentative labour deal: Union OfficialThe union representing workers for General Motors Co in South Korea have voted in favour of a preliminary labour deal with the automaker, a...
- Samsung Q4 profit below estimates, weak chip demand weighsA slowing economy, coupled with a trade war with the US, has seen demand for gadgets drop.
- Samsung braces for profit drop as China slowdown bitesRevenue is expected to have slipped 5 per cent, hurt by lower memory-chip shipments.
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