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  • Tech & Science

    Samsung Electro-Mechanics bags $294 mil. MLCC supply deal with US Big Tech firm

    Samsung Electro-Mechanics will supply multilayer ceramic capacitors (MLCCs) for artificial intelligence (AI) servers to a U.S. Big Tech firm, signing a $294 million (454 billion won) contract. The company said in a regulatory filing Tuesday that it has signed a one-year supply deal that will begin on Jan. 1 next year. The company did not identify the customer, but sources said it is a U.S. cloud service provider. The deal accounts for approximately 9 percent of the component division's 2025 revenue of 5.2 trillion won. MLCC is a component that stabilizes power for semiconductors and other electronic devices. As power fluctuations in servers can directly affect performance, MLCCs have become increasingly important in AI server environments. AI server applications require high-performance MLCCs that can withstand the harsh operating conditions created by intensive computing workloads, such as high heat and greater stress for warpage. AI servers contain more than 10 times as many MLCCs as conventional servers. A typical AI graphics processing unit is equipped with more than 20,000 MLCCs, mea

    2 MIN READBy Nam Hyun-woo
    Samsung Electro-Mechanics bags $294 mil. MLCC supply deal with US Big Tech firm
  • Companies

    Samsung union approves confidence vote for chairman after wage deal backlash

    1 MIN READBy Yonhap
    Samsung union approves confidence vote for chairman after wage deal backlash
  • Companies

    BMW Korea pins high hopes on iX3 electric SUV

    2 MIN READBy Lee Min-hyung
    BMW Korea pins high hopes on iX3 electric SUV
  • Companies

    SAP Korea to host AI Tour event focused on autonomous enterprise strategy

    1 MIN READBy Jhoo Dong-chan
    SAP Korea to host AI Tour event focused on autonomous enterprise strategy
  • Companies

    Chinese EV makers gain traction in Korea's import car market despite uphill battle

    3 MIN READBy Yulu Ao
    Chinese EV makers gain traction in Korea's import car market despite uphill battle
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APEC 2025

All eyes on Trump's appearance at APEC CEO Summit

The upcoming Asia-Pacific Economic Cooperation (APEC) CEO Summit will be a pivotal moment for global business leaders, as U.S. President Donald Trump is set to deliver a keynote speech and unveil his updated viewpoint on the investment landscape in the world’s largest economy. According to the White House, Trump’s keynote address is slated for Oct. 29, during the APEC CEO luncheon in Gyeongju, North Gyeongsang Province. Hundreds of global business leaders will attend the event, paying particular attention to any hints on how to navigate uncertainties in U.S. trade policies. The specific theme of the speech has yet to be confirmed, but Trump is widely expected to remark on the need for global firms to expand their U.S. investment. Korea, the host economy for the event, has been engaged in a monthslong trade tug-of-war with the U.S. as the two countries work towards a final tariff agreement. As Korean business leaders gather for the upcoming meeting, expectations are that Trump will use the speech to justify U.S. trade demands. The U.S. is urging Korea to make direct, up-front investme

Oct 24, 2025By Lee Min-hyung
All eyes on Trump's appearance at APEC CEO Summit
Companies

Battery stocks stage sharp rebound after two years of slump

Battery-related stocks, which had been on a downward trend for the past two years, have started a clear rebound this month, analysts said Friday. They noted that the sector’s earnings and stock prices are likely to continue their upward movement, supported by improving profits and favorable supply-demand factors. After steadily declining since July 2023, battery stocks began to recover in May this year and have shown explosive gains this month. According to the Korea Exchange, EcoPro, the leading battery stock, has risen more than 70 percent on the Kosdaq this month. During the same period, POSCO Future M also gained over 40 percent on the KOSPI. Battery-related stocks maintained their strong performance, Friday. While EcoPro rose 8.34 percent on the Kosdaq, SK Innovation, LG Energy Solution and Samsung SDI increased 8.27 percent, 9.94 percent and 13.57 percent on the KOSPI, respectively. The Kosdaq rose 11.05 points, or 1.27 percent, to close at 883.08, while the KOSPI gained 96.03 points, or 2.5 percent, to close at 3,941.59. Battery stocks had seen a rapid accumulation of short positio

Oct 24, 2025By Jun Ji-hye
Battery stocks stage sharp rebound after two years of slump
Banking & Finance

Hana Bank opens Global Wealth Management Center in Seoul

Hana Bank said Friday that it has opened the Global Wealth Management Center in Samseong-dong, southern Seoul, aiming to help clients navigate international markets and build global portfolios. The first of its kind in Korea, the center aims to provide asset management services covering both domestic and international markets, in line with the accelerating trend of global asset reallocation. The center is staffed by top-tier professionals, including trust consultants, lawyers, accountants, tax advisors and analysts, who will offer comprehensive consulting on living trusts, real estate, stock markets and alternative investments. Advisory services will also be provided on international taxation, the global real estate market and changing residency to other country. In particular, for clients who have emigrated overseas, Hana Bank provides customized, locally based wealth management consulting by directly connecting them with local Hana Bank branches and partner institutions for services such as investment immigration and business succession. For returnee clients who have come back to Korea

Oct 24, 2025By Lee Yeon-woo
Hana Bank opens Global Wealth Management Center in Seoul
Tech & Science

GS partners with Vercel to drive AI-led workplace innovation

GS Group has teamed up with Vercel, the U.S.-based cloud and artificial intelligence (AI) platform, to accelerate its AI transformation (AX) initiative. The two companies signed a memorandum of understanding for a strategic partnership during Vercel’s Ship AI 2025 conference, held in San Francisco, Thursday (local time). GS Holdings Vice President Kim Jin-a attended the signing ceremony, along with GS Neotek Chief Technology Officer Lee Sang-oh and GS Futures CEO Huh Tae-hong. Vercel's founder and CEO Guillermo Rauch and Chief Operating Officer Jeanne Grosser joined the ceremony. Under the agreement, the two companies will work together to uncover new cases for vibe coding in industrial operations and collaborate on advancing GS’s AX platform, MISO. Vibe coding is an emerging development approach where AI generates code automatically based on the user's intent, rather than writing code manually. It moves step further from the no-code and low-code concepts of using pre-built components in app creation, allowing users with less technical experience to turn their ideas into functional ap

Oct 24, 2025By Lee Gyu-lee
GS partners with Vercel to drive AI-led workplace innovation
Companies

Samsung owner family marks 5th anniversary of late chairman’s death

Samsung Electronics Executive Chairman Lee Jae-yong and other owner family members of Samsung Group commemorated the fifth anniversary of late Chairman Lee Kun-hee’s death on Friday. According to Samsung Group, Chairman Lee, Lee’s mother and Leeum Museum of Art Honorary Director Hong Ra-hee, Hotel Shilla President Lee Boo-jin, Samsung C&T President Lee Seo-hyun and other members of the Lee family attended the memorial ceremony in Suwon, Gyeonggi Province. Boo-jin and Seo-hyun are younger sisters of the Samsung chairman. Along with the family members, about 150 current and former executives, including Samsung Electronics Vice Chairman Jun Young-hyun, Samsung C&T CEO Oh Se-chul and Samsung Life Insurance CEO Hong Won-hak, also visited the late chairman’s grave. After the memorial ceremony, Chairman Lee and the heads of Samsung affiliates held a luncheon in Yongin, Gyeonggi Province, to pay tribute to former Chairman Lee. Lee died on Oct. 25, 2020, after spending more than six years in medical care due to a heart attack in 2014. He became the second chairman of Samsung Group in 1987 a

Oct 24, 2025By Nam Hyun-woo
Samsung owner family marks 5th anniversary of late chairman’s death
Companies

Hyundai Rotem signs MOU with US firm for AI-based defense technology development

Hyundai Rotem, Korea's sole tank manufacturer, said Friday it has signed a memorandum of understanding (MOU) with U.S. artificial intelligence (AI) solutions provider Shield AI to develop AI-based defense technologies. Under the MOU signed Thursday during the 2025 Seoul International Aerospace & Defense Exhibition (ADEX) in Goyang, just northwest of Seoul, the two companies will jointly develop AI-based multipurpose drone operation technologies for defense applications, the company said in a press release. Hyundai Rotem will utilize Shield AI's Hivemind Enterprise, an AI-based autonomous combat software platform, for research and development to progressively enhance unmanned system autonomy and combat mission capabilities, it said. The company plans to diversify its global technology collaboration network through "open innovation," adopting various defense AI and cutting-edge technologies to flexibly respond to rapid technological advances and market changes. As an initial step, Hyundai Rotem aims to develop technologies that integrate autonomous drones into its next-generation ground we

Oct 24, 2025By Yonhap
Hyundai Rotem signs MOU with US firm for AI-based defense technology development
Business

Georgia governor meets with SK On CEO for battery cooperation

Gov. Brian Kemp of the U.S. state of Georgia met with the head of Korean battery maker SK On on Friday to discuss ways to enhance cooperation and strengthen business ties, industry sources said. Kemp and his delegation visited SK On's headquarters in central Seoul earlier in the day and had talks with Lee Seok-hee, chief executive officer (CEO) of the Korean battery manufacturer, according to the sources. The two previously met in June 2024 during Kemp's visit to Seoul. SK On operates a 22 gigawatt-hour battery plant in Commerce, Georgia, through its U.S. unit, SK Battery America, and is building another facility jointly with Hyundai Motor Group in Bartow County. On Thursday, Kemp also met with Hyundai Motor Group Vice Chair Chang Jae-hoon, with discussions expected to have included the aftermath of a mass detention during a U.S. immigration raid at a construction site for a Hyundai Motor–LG Energy Solution joint battery plant in September. Meanwhile, Tennessee Gov. Bill Lee, who is also visiting Seoul, had meetings with officials from SK On, LG Chem and LG Energy Solution to discuss wa

Oct 24, 2025By Yonhap
Georgia governor meets with SK On CEO for battery cooperation
Companies

POSCO Group chairman wins Van Fleet Award in New York

POSCO Group Chairman Chang In-hwa received the 2025 Van Fleet Award at The Korea Society’s annual dinner held at The Plaza Hotel in New York Thursday, the steelmaker said Friday. The Van Fleet Award, presented by The Korea Society, honors individuals or organizations that have made significant contributions to promoting understanding, cooperation and friendship between Korea and the United States. The award was established in 1992 to commemorate U.S. Gen. James A. Van Fleet, who played a key role in modernizing Korea’s military during the Korean War. According to The Korea Society, Chang was recognized for his leadership in strengthening POSCO Group’s strategic investments in the U.S. and advancing economic cooperation and ties between the two countries. The Korea Society chairperson Kathleen Stephens, a former U.S. ambassador to Korea, said Chang was selected “for his contributions to rebuilding the U.S. industrial ecosystem and supporting the establishment of a sustainable supply chain, which have strengthened the bond between the two nations.” POSCO Group has expanded its U.

Oct 24, 2025By Jhoo Dong-chan
POSCO Group chairman wins Van Fleet Award in New York
Companies

Samsung Heavy wins $237 mil. order for oil tankers from Liberia

Samsung Heavy Industries, a major Korean shipbuilder, said Friday it has received a 341.1 billion-won ($237 million) order to build three oil tankers for a Liberian shipper. The three vessels will be constructed at an undisclosed shipyard in Vietnam for delivery by March 2029, as part of the company's strategy to diversify its production bases, Samsung Heavy said in a press release. "Samsung Heavy, which operates a full-scale shipyard in Korea and a vessel block plant in China, is expanding oil tanker production through partnerships with domestic and overseas shipbuilders," a company spokesperson said. The company plans to build value-added ships, such as liquefied natural gas (LNG) carriers, container ships and floating LNG (FLNG) facilities, at its main shipyard in Geoje, South Gyeongsang Province, while developing the site into a hub for technology development, it said. Samsung Heavy will handle the planning and procurement of major equipment for the oil tankers, while construction will take place at partner shipyards in Korea, China and Southeast Asia. The company has clinched $5.2 bi

Oct 24, 2025By Yonhap
Samsung Heavy wins $237 mil. order for oil tankers from Liberia
Companies

Samsung Electronics, SoftBank to collaborate for next-gen network tech

Samsung Electronics said Friday it has signed a memorandum of understanding (MOU) with SoftBank to jointly research and develop next-generation communications technologies, including 6G and artificial intelligence-based radio access network (AI-RAN) innovations. Under the agreement, the two companies will collaborate in selected areas to drive future innovation after categorizing next-generation technologies into four candidate fields: 6G, AI for RAN, AI and RAN, and large telecom model (LTM), Samsung Electronics said. They plan to identify new use cases, jointly develop core technologies and verify their effectiveness by leveraging their technological expertise and network deployment capabilities. Discussions on 6G standardization and new frequency bands, such as the 7-gigahertz (GHz) spectrum, have recently intensified, with AI-RAN technologies expected to play a key role in optimizing wireless networks, according to the company. Generative AI is also emerging as a promising area of research in the communications network industry. "Through this collaboration with SoftBank, we aim to def

Oct 24, 2025By Yonhap
Samsung Electronics, SoftBank to collaborate for next-gen network tech
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