Economy
Business·Industry
Hyundai Motor Union Escalates Strike… Cold Water on Efforts to Narrow Gap with Volkswagen
The Hyundai Motor Company labor union has decided to escalate its strike after failing to bridge the gap on issues such as the “N% performance bonus.” Just as the company is rapidly closing the gap wi…
Business·Industry
New Fabs Line Up One After Another… Will Samsung and Hanwha Engage in a Race to Secure Equipment?
As the government accelerates the development of an 800 trillion won semiconductor cluster in the Honam region, securing semiconductor equipment is emerging as a new variable. With existing investment…
Business·Industry
The Special Act on Semiconductors Took Effect Today… Will Samsung and SK Speed Up Their Fab Construction Plans?
A support system is being launched to accelerate the large-scale semiconductor investments being pursued by SamsungElectronics and SK hynix in Yongin and the Honam region. With the government now able…
Business·Industry
Hankook Tire Reports 58% Increase in Second-Quarter Operating Profit on Strong Sales of High-Value-Added Products
A panoramic view of Hankook Tire’s Technoplex headquarters. (Photo courtesy of Hankook Tire)
HANKOOK TIRE & TECHNOLOGY(161390)reported a significant increase in second-quarter operating profit, dr…
Business·Industry
[Exclusive] LGELECTRONICS HVAC Head Visits Indonesia in the 'Global South'… AI Data Center Alliance
Lee Jae-sung, President and Head of the ES Business Division at LGELECTRONICS, who oversees the company’s heating, ventilation, and air conditioning (HVAC) business, visited Indonesia earlier this mon…
Business·Industry
SAMSUNG SDI CO.,LTD. to Develop Next-Generation Prismatic Batteries with GM… Production to Take Place at Dedicated North American Plant
SAMSUNG SDI CO.,LTD. will jointly develop next-generation prismatic batteries for electric vehicles with General Motors (GM) of the United States, incorporating high-energy-density and fast-charging t…
Business·Industry
Top 10 Companies Account for 55% of Exports… 'Unprecedented Concentration'
The phenomenon of “unprecedented concentration”—in which just 10 companies account for more than half of South Korea’s exports—is intensifying. Following the first quarter, when trade concentration ex…
Business·Industry
SK hynix Becomes De Facto Largest Shareholder of Japan’s Kioxia
A special purpose company (SPC) in which SK hynix ( SK hynix(000660)) has invested has become the largest shareholder of Japanese NAND flash memory manufacturer Kioxia. As a result, SK hynix has effec…
Business·Industry
"Cool the House, Heat the Water"... Samsung's 'Heating Formula' Unveiled in Jeju [Report]
“Why wouldn’t I use something this great?” When asked if he would continue using it even after the trial period ended, Yang Chang-hee (74), who has lived in Donam-dong, Jeju City, for 34 years, answer…
Business·Industry
SamsungElectronics to Make Its Debut at Gamescom 2026… to Showcase 'Full-Stack Gaming'
SamsungElectronics will participate in “gamescom 2026,” the world’s largest gaming exhibition, to showcase a “full-stack gaming” experience spanning PCs, consoles, and mobile devices.
SamsungElectr…