SK hynix and its labor union reached a tentative 2026 wage agreement that raises base pay 6.3% and pays 60% of profit-sharing bonuses in company stock, with 40% in cash. The bonus pool is tied to 10% …
South Korea's Ministry of Science and ICT cut Motif Technologies from its Sovereign AI Foundation Model project after the first-phase evaluation, advancing LG AI Research Institute, SK Telecom, and Up…
Outstanding short selling on South Korea's stock market reached 19 trillion won ($13.4 billion) as of Tuesday, up 14 percent from 16.73 trillion won at the end of last month, according to data from th…
South Korean companies and U.S. technology firms announced AI semiconductor cooperation projects valued by Seoul at a reported $950 billion during a July 24 San Francisco summit hosted by President Le…
Seoul shares opened sharply higher Wednesday, with the KOSPI rising 2.23 percent to 6,157.90, as investors went bargain hunting after a 10.84 percent plunge the previous session driven by a sell-off i…
SK hynix reported preliminary second-quarter revenue of 79.3 trillion won and operating profit of 60.5 trillion won on July 29, both quarterly records, with a 76% operating margin. The memory maker at…
SK Hynix raised $26.5 billion in a Nasdaq listing on July 10, pricing 177.9 million American depositary shares at $149 each, in what is described as one of the largest US share sales ever by a foreign…
South Korea's exports surged 52.3% year-over-year to $54.9 billion in the first 20 days of July, driven by a 180% jump in semiconductor shipments to $22.1 billion amid strong AI-related demand, accord…
South Korea's ruling Democratic Party and the government agreed Tuesday to use additional tax revenue from a semiconductor boom to invest in youth and regional development under the 2027 budget plan. …
South Korea's ICT exports hit a record high of $253.9 billion in the first half of 2025, a 120.5% surge year-over-year driven by AI demand, the Ministry of Science and ICT reported Tuesday. Semiconduc…
Hanwha Systems launched a 30-ton-class unmanned surface vessel near Busan for sea trials of AI-based autonomous navigation, testing narrow-waterway navigation, rough-sea operation, and long-range auto…
Seoul's KOSPI index plunged 5.4% on Wednesday as investors reassessed the prospects of AI-related investments, dragging down tech giants Samsung Electronics and SK hynix. The sell-off followed Wall St…
Seoul stocks opened 2.7 percent lower on July 8, 2026, amid global technology losses and investor reassessment of the AI trade, with Samsung Electronics and SK hynix declining. The KOSPI later pared l…
South Korea policy chief Kim Yong-beom defended a 10-year national AI strategy on July 6, tying semiconductor, AI data-center and physical-AI projects to long-term investment plans from Samsung Electr…
Samsung Electronics reported record profits for April-June 2026, with operating profit of 89.4 trillion won and revenue of 171 trillion won, driven by surging demand for AI memory chips. The company's…
Samsung Electro-Mechanics signed a 454 billion-won ($293 million) contract to supply multilayer ceramic capacitors for AI servers to a U.S. customer, likely a major cloud provider. The single-year dea…
South Korea and Japan agreed on June 28 to deepen defense cooperation including artificial intelligence, as announced by Defense Ministers Ahn Gyu-back and Shinjiro Koizumi in Seoul. The bilateral agr…
A senior U.S. State Department official, Russ Headlee, said South Korea's requirements for physical isolation of government servers and blanket data localization policies are barriers to the country's…
South Korean Foreign Minister Cho Hyun will meet Indian External Affairs Minister Subrahmanyam Jaishankar in Seoul on Wednesday to discuss economic cooperation, artificial intelligence, defense ties, …
South Korea became the fourth nation to partner with OpenAI on AI security, signing an MOU to develop global evaluation frameworks and risk assessment systems tailored to the Korean context. The colla…