Economy
Business·Industry
“Received Full Refund of U.S. Tariffs… One-Time Gain/Loss of 300 Billion Won in 2Q”—LGELECTRONICS Conference Call
“Regarding the existing tariffs ruled unlawful by the U.S. Supreme Court, we proceeded with the refund process for previously paid tariffs in accordance with U.S. government guidelines. The refund pro…
Business·Industry
“First Production of Robot Actuators… Aiming to Contribute to Company-Wide Earnings by 2030”—LGELECTRONICS Conference Call
“In the first half of the year, we established an actuator pilot line at our Changwon plant and are currently verifying mass-production feasibility and stabilizing quality through the production of in…
Business·Industry
“Collaboration with NVIDIA on Robotics, AI Factories, and Mobility… Also Considering a Platform Alliance”—LGELECTRONICS Conference Call
“In the robotics sector, we are combining LG Corp.’s hardware and manufacturing capabilities with NVIDIA’s physical AI technology to develop robots for manufacturing sites, from proof of concept throu…
Finance
Kbank Reports First-Half Net Profit of 60.1 Billion Won… Down 28% Year-Over-Year
Kbank posted a net profit of 60 billion won in the first half of this year. The company attributes its first-half performance to the expansion of its customer base and growth in loans to sole propriet…
Business·Industry
ESS Fills the Gap Left by Electric Vehicles… Three Battery Makers Post 'Simultaneous Profits' for the First Time in Seven Quarters
South Korea’s three major battery manufacturers have all posted profits for the first time in seven quarters, driven by energy storage systems (ESS). Their strategy of repurposing production lines—whi…
M&A·IB
[Market In] Yeouido Abuzz Over SK hynix’s Hiring of Portfolio Managers for Its ‘54 Trillion Won’ Fund
As SK hynix(000660)begins recruiting professionals specializing in asset management, attention is focused on key players in the capital markets, including the securities industry in Yeouido and major …
M&A·IB
[Market In] As KoreaZinc’s Stock Price Plummets… Both Sides in the Control Battle Are Left Disheartened
KoreaZinc(010130)As KoreaZinc’s stock price hit its lowest level this year, the pressure is mounting on both Chairman Choi Yoon-beom of KoreaZinc—who has been embroiled in a management control dispute…
Business·Industry
[Breaking News] HL Mando Reports 2nd-Quarter Operating Profit of 107 billion won… Up 2.8% Year-Over-Year
HL Mando(204320)announced on the 30th that its consolidated operating profit for the second quarter of this year was 107 billion won, a 2.8% increase compared to the same period last year. Revenue for…
Business·Industry
LGELECTRONICS Posts ‘Surprise Earnings’ Even Excluding Tariff Refunds… Strong Profitability Across All Business Divisions (Comprehensive)
LGELECTRONICS posted record-high second-quarter sales and operating profit this year. Despite rising logistics costs due to the war in the Middle East and a global slowdown in consumer spending, profi…
Business·Industry
SAMSUNG SDI CO.,LTD. Accelerates Return to Profitability… ‘Earnings Surprise’ Driven by AI and ESS (Comprehensive)
SAMSUNG SDI CO.,LTD. has emerged from its loss-making period faster than expected, driven by its energy storage systems (ESS) and high-power batteries for artificial intelligence (AI) data centers. Af…