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  • Tech & Science

    Micron's strong earnings stoke hope for Samsung, SK hynix Q2 results

    U.S. memory chip maker Micron’s strong earnings and rosy mid-term outlook are prompting expectations on the profitability of Samsung Electronics and SK hynix in the second quarter. According to industry officials, Sunday, Samsung Electronics is expected to release its earnings guidance for the April-June period around July 7, while SK hynix will announce its financial results in late July. Brokerages are already expecting both companies to post record earnings. According to market tracker FnGuide, brokerage consensus forecasts Samsung Electronics to post 86 trillion won ($56 billion) in operating profit and 170.47 trillion won in revenue. The figures would represent year-on-year increases of 1,739.6 percent and 128.62 percent, respectively, exceeding the previous record highs of 57.2 trillion won in operating profit and 133.87 trillion won in revenue posted in the first quarter just three months earlier. SK hynix is expected to post 63.45 trillion won in operating profit and 82.89 trillion won in sales, up 589 percent and 273 percent year-on-year, respectively. The figures would also su

    2 MIN READBy Nam Hyun-woo
    Micron's strong earnings stoke hope for Samsung, SK hynix Q2 results
  • Companies

    Unionized workers of Samsung Biologics vote to leave Samsung Group United Union

    1 MIN READBy Yonhap
    Unionized workers of Samsung Biologics vote to leave Samsung Group United Union
  • Tech & Science

    Korea's smart road management system makes foray into Peru

    2 MIN READBy Ko Dong-hwan
    Korea's smart road management system makes foray into Peru
  • Companies

    South Jeolla chip plant plans trigger speculative rally in local stocks

    3 MIN READBy Ko Dong-hwan
    South Jeolla chip plant plans trigger speculative rally in local stocks
  • Companies

    HD Hyundai Electric boosts capacity 70% with new automated Cheongju power distribution

    3 MIN READBy Lee Gyu-lee
    HD Hyundai Electric boosts capacity 70% with new automated Cheongju power distribution
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Companies

Will Tving-Disney+ partnership challenge Netflix’s dominance?

The homegrown streaming platform Tving is taking the local streaming service landscape in a bold new direction, partnering with global entertainment giant Disney+ to launch an unprecedented triple-streaming bundle subscription. Tving announced on Tuesday that it will be rolling out a new integrated subscription product, called 3 PACK, which will allow users to access Tving, Disney+ and Wavve with a single membership. This marks Korea’s first tri-platform streaming service bundle, offering both global and local content at up to 37 percent lower than individual subscriptions. Access to all platforms is priced at 21,500 won per month ($14.70) and Tving-Disney+ access at 18,000 won per month. The partnership underscores the local streaming service’s strategy to deliver more value while redefining user experience in a crowded market long dominated by Netflix, further driving user growth from its ongoing merger with Wavve. “We’re thrilled to introduce a reasonably priced service that combines the power of K-content from Tving and Wavve with Disney’s premium lineup,” Tving CEO Choi

Nov 19, 2025By Lee Gyu-lee
Will Tving-Disney+ partnership challenge Netflix’s dominance?
Banking & Finance

Finance minister asks exporters' cooperation in forex stabilization

Finance Minister Koo Yun-cheol on Tuesday called for closer cooperation from major exporters as the government prepares measures to stabilize the foreign exchange (FX) market amid a weakening Korean won. Koo delivered the message during a meeting with executives from Samsung Electronics, SK hynix and other major exporters to discuss large-scale investment plans in the United States as part of a long-awaited tariff deal, according to the Ministry of Economy and Finance. He said the government will collaborate with major exporters — the key players in FX supply and demand — to stabilize the currency and asked the companies for their continued cooperation, the ministry said. The finance minister also praised exporters for maintaining outbound shipments despite global headwinds and pledged to ensure that investments tied to the tariff agreement support both the national interest and corporate competitiveness. After months of negotiations over the Donald Trump administration's aggressive tariff policies, Seoul and Washington finalized a deal and released a joint fact sheet last week outli

Nov 18, 2025By Yonhap
Finance minister asks exporters' cooperation in forex stabilization
Banking & Finance

KOFIA faces first-ever incumbent reelection bid in 3-way race

Korea Financial Investment Association (KOFIA) Chairman Seo Yoo-seok is seeking a second term — the first incumbent to do so — turning next month’s election into a three-way contest, industry officials said Tuesday. The race pits Seo against Hwang Seong-yeop, co-CEO of Shinyoung Securities, and Lee Hyun-seung, former CEO of KB Asset Management. Seo officially announced his candidacy Monday at a press briefing in Yeouido, Seoul. He said continuity is his key strength. "Over the past three years, I’ve built strong relationships with financial regulators, the government, the National Assembly and related institutions," Seo said. "A newcomer would need more than two years to develop that network." He called the coming years a "critical golden time" for Korea’s capital markets and emphasized the need for stable leadership. Seo added he would stay clear of campaign-related activities during the election period. Lee and Hwang, who declared their bids earlier, have already outlined detailed pledges. Hwang, who joined Shinyoung in 1987 and has stayed with the firm since, vowed to shift Kor

Nov 18, 2025By Lee Yeon-woo
KOFIA faces first-ever incumbent reelection bid in 3-way race
Companies

City Oil Field debuts world’s 1st low-temp, noncombustion plastic recycling tech

City Oil Field has become the first company in the world to commercialize a low-temperature, noncombustion catalytic plastic decomposition technology, a breakthrough expected to advance Korea’s circular economy and carbon-reduction goals. The company, in partnership with Woori Technology, held an opening ceremony Tuesday for the Wave Jeongeup plant in North Jeolla Province. The facility produces high-grade recycled naphtha-level feedstock by decomposing waste plastic below 300 degrees Celsius without combustion, making it the first commercial plant of its kind worldwide. The inauguration was attended by City Oil Field CEO Jeong Yeong-hun, Chairman Kim Jeong-yoon, Woori Technology CEO Roh Gab-sun, Vice President Jeon Dae-young, current and former National Assembly members and roughly 200 government, industry and academic officials. International guests included Saudi PEDCO CEO Abdulmohsen Al-Zamil, executives from Trafigura, BASF and Saudi SIRC, as well as Sabien Group Chairman Richard Parris. The Jeongeup plant, Korea’s largest, processes agricultural waste vinyl and mixed plastics

Nov 18, 2025By Ko Dong-hwan
City Oil Field debuts world’s 1st low-temp, noncombustion plastic recycling tech
Companies

Strengthening dollar emerges as mounting risk to Korean firms

The prolonged appreciation of the U.S. dollar against the Korean won is increasingly threatening the earnings of major Korean firms, especially those heavily reliant on exports and imports. Concerns are mounting as the won-dollar exchange rate has hovered above 1,400 won per dollar for more than a month. The rate recently climbed past 1,470 won — a seven-month high — with no immediate signs of stabilizing. Airlines are among the major industries highly vulnerable to the appreciation of the dollar, as they face higher fuel costs and other operating costs. Korean Air, the nation’s flag carrier, reported a 39 percent year-on-year decline in its operating profit for the third quarter. Asiana Airlines also posted an operating loss of 175.7 billion won ($120 million) for the same period. The strengthening dollar also weighed heavily on the nation’s low-cost carriers. Jeju Air reported an operating loss of 55 billion won between July and September. Jin Air and T’way Air also posted operating losses of 22.5 billion won and 95.5 billion won, respectively, for the same period. Of particul

Nov 18, 2025By Lee Min-hyung
Strengthening dollar emerges as mounting risk to Korean firms
Companies

Hyosung chairman bets high on US power grid market to cope with AI demand

Hyosung Group Chairman Cho Hyun-joon is making a strategic push into the U.S. power grid market by scaling up the company’s power transformer plant in Tennessee, which will become the largest of its kind in the country, to meet rapidly growing electricity demand from artificial intelligence (AI) data centers. According to Hyosung Heavy Industries said Tuesday it is investing $157 million in its Memphis plant to expand extra-high-voltage transformer manufacturing capacity by more than 50 percent by 2028. With this latest decision, Hyosung Heavy Industries’ total investment in the Memphis plant will amount to $300 million, including the acquisition of the plant. This will make the facility the largest in the United States in terms of production capacity of high-voltage transformers. The Memphis plant is the only U.S. facility that can design and manufacture 765-kilovolt transformers, better able to reduce power loss compared to lower voltage transformers such as 345-kilovolt or 500-kilovolt models. Since the early 2010s, Hyosung Heavy Industries has been a dominant supplier in the U.S.

Nov 18, 2025By Nam Hyun-woo
Hyosung chairman bets high on US power grid market to cope with AI demand
Tech & Science

Nvidia’s upcoming earnings to sway Korean chipmakers’ strategy

The global tech industry is paying keen attention to Nvidia’s upcoming earnings report, as it is expected to be the bellwether for Samsung Electronics, SK hynix and other domestic semiconductor firms’ strategies for expanding their capacity. Industry officials say the announcement will be crucial to verifying whether the current investment frenzy over artificial intelligence (AI) is overhyped. Depending on the announcement, the current cash flow between Nvidia and hyperscale data center operators could be affected, potentially leading chipmakers to review the pace of their fab expansion plans. U.S.-based Nvidia is set to announce its 2026 third quarter earnings on Wednesday (local time) after the close of markets. Analysts are anticipating $55.2 billion in revenue, up 57 percent year-on-year, with an adjusted earnings per share of $1.26, up 55 percent from a year earlier. The growth rate is considered a key indicator of the genuine global market demand for AI. In recent months, Nvidia has faced questions over whether expectations have outpaced actual demand and whether the growing s

Nov 18, 2025By Nam Hyun-woo
Nvidia’s upcoming earnings to sway Korean chipmakers’ strategy
Banking & Finance

Year-end gatherings fuel demand for group banking accounts

Kim Jin-a, 32, a marathon club leader, uses KakaoBank’s group account when buying T-shirts in bulk and paying race fees. “Our marathon club has to manage monthly race fees and team T-shirt costs. KakaoBank’s group account has helped me a lot.” The transparent records shared among members ensure there are no misunderstandings about how the collected funds are spent. “There’s no room for suspicion or doubt, since members can see where their money goes. Other expenses are also easily manageable. Without the group account, I would have had to check everything manually — a lot of time spent on work that often goes underappreciated.” Similarly, Lee Jun-seung, 39, an office worker, said Toss Bank’s group account Co-leader feature is very useful, since each leader’s daily spending is capped at 1 million won ($682). “My friends and I sometimes had disagreements in the past over one person — whoever was in charge at the time — spending too much on unnecessary things. This feature helps eliminate that risk," Lee said. All group members can monitor monthly fee contributions i

Nov 18, 2025By Lee Kyung-min
Year-end gatherings fuel demand for group banking accounts
Business

Medium-sized companies sign $16.3 mil. worth of export deals, MOUs at KOTRA event

Medium-sized companies in Korea on Tuesday signed export deals and memorandums of understanding (MOUs) worth a combined $16.3 million at an export promotion campaign hosted by the Korea Trade-Investment Promotion Agency (KOTRA), the event organizer said. The deals were signed at the "global connect" event organized for medium-sized firms here, according to KOTRA, which jointly hosted the campaign with the Ministry of Trade, Industry and Resources. Tuesday's event was attended by around 100 global companies, including U.S. chip giant Intel, Thai retailer CP Axtra and Indonesian food company Sukanda Djaya. KOTRA said the event was part of efforts to help Korean firms diversify their export destinations to Europe, Southeast Asia and Latin America amid ongoing shifts in the global trade environment.

Nov 18, 2025By Yonhap
Medium-sized companies sign $16.3 mil. worth of export deals, MOUs at KOTRA event
Tech & Science

INTERVIEW NEOWIZ eyes sustainable success after pivoting to PC, console gaming

BUSAN — When Kim Seung-chul took the helm of NEOWIZ as co-CEO in 2021, the company was facing dire needs for a major shift in its operation. The company was once considered one of Korea’s big three game companies in the 2000s, publishing multiple hit titles while games developed by its own studios achieved noticeable success. In the 2010s, however, the domestic market shifted toward mobile and massively multiplayer online role-playing games (MMORPGs), and many of NEOWIZ’s in-house titles struggled to gain traction, leaving a handful of board game franchises to carry much of the company’s profitability for a long period of time. A turning point came when the company launched its action game, Lies of P, in 2023 and achieved global success. The game did not rely on what had long been considered the traditional formula for Korean games, such as MMORPGs involving large-scale player-vs-player content, pay-to-win system and convoluted storylines that didn’t appeal to a large swath of players. Instead, Lies of P focused on delivering a strong narrative through PC and console platforms a

Nov 18, 2025By Nam Hyun-woo
[INTERVIEW] NEOWIZ eyes sustainable success after pivoting to PC, console gaming
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