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    Samsung, SK chip investment timelines leave room for adjustment

    Samsung Electronics and SK hynix announced a combined 800 trillion won ($516.4 billion) investment commitment to establish advanced chip plants in Gwangju and South Jeolla Province in Korea's southwest, but stopped short of providing a timeline for when the investments will be made or construction will begin, leaving room to adjust their spending plans until the long-term memory chip cycle becomes clearer. According to the government and the chipmakers, Samsung and SK will each invest 400 trillion won to build two advanced memory fabrication each in the region, for a total of four new fabs as part of the government’s “three megaprojects for Korea’s leap forward.” Samsung Electronics Executive Chairman Lee Jae-yong named Gwangju as the candidate site, while SK Group Chairman Chey Tae-won referred to the region as a whole. While announcing the massive plans while standing with President Lee Jae Myung, who have been urging the chipmakers to make investment in the southwestern region, the leaders refrained from specifying timelines for the new fabs. The companies also did not mention

    4 MIN READBy Nam Hyun-woo
    Samsung, SK chip investment timelines leave room for adjustment
  • Banking & Finance

    KakaoBank lands 4 papers at leading AI conferences

    2 MIN READBy Lee Hyo-jin
    KakaoBank lands 4 papers at leading AI conferences
  • Companies

    LG Electronics to establish control tower for robotics business

    2 MIN READBy Nam Hyun-woo
    LG Electronics to establish control tower for robotics business
  • Companies

    Incheon airport operator to halve employee parking permits

    3 MIN READBy Lee Min-hyung
    Incheon airport operator to halve employee parking permits
  • Companies

    Court grants JTBC time for autonomous restructuring amid liquidity crisis

    1 MIN READBy Yonhap
    Court grants JTBC time for autonomous restructuring amid liquidity crisis
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Banking & Finance

Robo-advisers shine in retirement pension market with returns surpassing major indices

Robo-advisers (RAs) are increasingly making their mark in the retirement pension market as their algorithms become more sophisticated, achieving returns that outperform major global indices, industry officials said Monday. RAs are artificial intelligence-powered services that automatically diversify investments based on an individual’s risk profile. According to the robo-adviser testbed operated by Koscom, an IT system provider owned by the Korea Exchange, two algorithms from NH Investment & Securities led the pack with six-month returns of 61.03 percent and 58.75 percent among 170 commercially available actively managed retirement pension RAs as of Friday. Samsung Securities’ algorithm followed closely, gaining 56.46 percent over the same period. Advisory firms and companies specializing in RAs have also posted impressive results. ML Investment Advisory’s product recorded a six-month return of 44.15 percent, while artificial intelligence (AI) company Quantec’s product gained 38.72 percent. These RA algorithm returns have outperformed major global indices. Over the same period, the

Oct 14, 2025By Jun Ji-hye
Robo-advisers shine in retirement pension market with returns surpassing major indices
Companies

HD Hyundai Electric eyes North American MV/LV circuit breaker market

HD Hyundai Electric said Tuesday its air circuit breaker, molded case circuit breaker, vacuum circuit breaker and magnetic contactor have received certifications from UL Solutions and UL Solutions in Canada, two leading safety testing institutions in North America. With these certifications, the electronic equipment manufacturer is seeking to expand its share in the North American medium- and low-voltage circuit breaker market. UL Solutions issues certifications for electrical and electronic products, home appliances and industrial equipment after rigorous safety and quality testing. Although not required by law, certifications from UL Solutions and UL Solutions in Canada are effectively mandatory for selling products in the North American market— especially those at risk for fire or electric shock — playing a crucial role in ensuring product reliability and market competitiveness. “With these certifications, we plan to expand our presence not only in the ultrahigh voltage transformer market — where we have long maintained a leading share — but also across distribution equipmen

Oct 14, 2025By Park Jae-hyuk
HD Hyundai Electric eyes North American MV/LV circuit breaker market
Companies

Hyundai Motor, Tate Modern unveil works of Maret Anne Sara in joint art project

Hyundai Motor said Tuesday it has unveiled the works of artist Maret Anne Sara at Tate Modern in London, part of a prestigious annual art project hosted jointly by the Korean automaker and the renowned British art gallery. Now in its 10th year, the Hyundai Commission project selects one artist each year to hold an exhibition in the Turbine Hall, the central exhibition space at Tate Modern, to highlight innovative contemporary art. Sara is known for her work exploring ecological issues from the perspective of the Sami people, an indigenous group residing in the Sapmi region, which is today divided between Norway, Sweden, Finland and Russia. As part of the exhibition, a multi-layered sculpture comprising reindeer hides tightly bound by electrical power cables stretches the full 28 meter height of Tate Modern's Turbine Hall. Sara's works will be on display at Tate Modern until April 2026. "We are delighted to celebrate the 10th anniversary of the Hyundai Commission with Maret Anne Sara's significant work, which transforms Tate Modern's Turbine Hall into a space grounded in indigenous history

Oct 14, 2025By Yonhap
Hyundai Motor, Tate Modern unveil works of Maret Anne Sara in joint art project
Companies

Samsung Electronics expected to post $8.48 bil. operating profit for Q3

Samsung Electronics on Tuesday estimated its operating profit for the third quarter at 12.1 trillion won ($8.48 billion), indicating a solid recovery in profitability amid an upcycle in the global memory chip market. According to the company’s earnings guidance, Samsung is expected to post 86 trillion won in sales and an operating profit of 12.1 trillion won. This marks sales growing 8.72 percent and operating profit surging 31.81 percent from a year earlier. The figures outpace the brokerages' consensus estimates of 84.16 trillion won in sales and a 10.17 trillion won operating profit. They would mark the company’s highest quarterly revenue and the first time in 15 months that Samsung’s quarterly operating profit has exceeded 10 trillion won. As the figures are part of an earnings guidance released ahead of the detailed earnings call, the company did not provide a breakdown of business divisions' performances. However, brokerages widely assume that a recovery in its chipmaking Device Solutions (DS) division lifted overall profitability, driven by growing demand for advanced memor

Oct 14, 2025By Nam Hyun-woo
Samsung Electronics expected to post $8.48 bil. operating profit for Q3
Tech & Science

Korean tech firms struggle to contain technology leaks

Korean firms are reeling from continued technology leaks, as each case snowballs into losses worth trillions of won and helps Chinese rivals close existing technology gaps. According to the Seoul Metropolitan Police, Monday, its industrial technology security investigation unit raided LG Display’s plant in Paju, Gyeonggi Province, Oct. 2, on suspicion that two of the company’s employees had illegally handed over display technologies to a Chinese company. Reportedly, police have secured evidence including hundreds of photos of the company’s internal documents. The day before searching LG Display, police also raided Samsung Display’s plant in Asan, South Chungcheong Province, following suspicions that the company’s latest organic LED display technologies had been leaked to a Chinese firm. The two cases are the latest in a series of technology leaks across Korea’s high-tech industries, including semiconductors, displays and rechargeable batteries. According to police, there were 27 cases of overseas technology leaks last year and eight more in the first half of this year, most o

Oct 14, 2025By Nam Hyun-woo
Korean tech firms struggle to contain technology leaks
Companies

Hyundai Motor’s 3rd-generation heir steers carmaker to global forefront

Hyundai Motor Group Executive Chair Chung Euisun has been lauded for steering the automaker’s remarkable ascent from a global player to international frontrunner during his five-year chairmanship. Tuesday marks the fifth anniversary of Chung’s assumption of the carmaker’s top managerial post. Under his stewardship, market watchers and critics have said he redefined modern mobility and elevated the group’s global standing. When Chung assumed the role in October 2020, the world was engulfed in the COVID-19 pandemic. He navigated the crisis with strategic agility and has since solidified the automaker’s position as one of the world’s top three in global sales. Under Chung, the group has aggressively expanded its presence in electric vehicles (EVs), launching dedicated EV brands such as Hyundai Motor’s IONIQ and Kia’s EV series. The IONIQ 5 and EV6 have played a pivotal role in opening a new chapter in the group’s EV business. The vehicles have won multiple “Car of the Year” awards and enabled Hyundai Motor Group to establish itself among the top sellers in the global E

Oct 13, 2025By Lee Min-hyung
Hyundai Motor’s 3rd-generation heir steers carmaker to global forefront
Banking & Finance

IBK partners with Hungarian development bank to support small exporters

Industrial Bank of Korea (IBK) signed a memorandum of understanding with the Hungarian Development Bank (MFB) in Budapest, Hungary, Oct. 2 (local time), the Korean state-run lender said Monday. The agreement seeks to strengthen bilateral cooperation in supporting small and medium-sized enterprises (SMEs) from both countries, bolstering their entry into each other's market, as well as cooperation in financial research. The agreement comes amid growing challenges faced by SMEs in the context of rapid changes in global trade conditions. Hungary is a strategic gateway to the European market, positioning the SME-focused Hungarian development bank as a facilitator to strengthen lending, investment and guarantee programs and businesses. The two agreed to collaborate in establishing a joint fund to provide financial support for businesses operating in both countries, especially Korean startups seeking to expand their presence in European markets. They will also strengthen bilateral research and knowledge exchange on SME financing. The partnership is expected to enable IBK to enhance its capabiliti

Oct 13, 2025By Lee Kyung-min
IBK partners with Hungarian development bank to support small exporters
Companies

Business leaders to skip Assembly audit as Lee highlights APEC event

The upcoming Asia-Pacific Economic Cooperation (APEC) CEO Summit in Korea has provided business leaders with what appears to be a reprieve, as the event has been cited as a reason for them to skip the annual National Assembly audit. With a growing consensus between rival parties on the need to avoid summoning businesspeople before the global gathering, lawmakers have pulled back on plans to call chairs and CEOs from major conglomerates to testify at this year's audit. On Friday, Rep. Park Jeong-hyeon of the ruling Democratic Party of Korea (DPK) canceled her plan to question Hyundai Motor Group Executive Chair Chung Euisun regarding company security guards who disrupted a protest by subcontracted workers in front of the company's headquarters in Seoul earlier this year. Park's decision has largely been attributed to repeated advice from party leadership to avoid summoning business leaders for political reasons, although she also pointed to the carmaker's commitment to supporting subcontracted workers. President Lee Jae Myung also reportedly questioned lawmakers' intentions to summon so m

Oct 13, 2025By Park Jae-hyuk
Business leaders to skip Assembly audit as Lee highlights APEC event
Tech & Science

Google Cloud unveils Gemini Enterprise for business AI platform

Google Cloud has unveiled its new global artificial intelligence (AI) platform, Gemini Enterprise, designed to help companies of all sizes leverage a full-stack AI agent that supports the entire workflow. Powered by Google’s most advanced Gemini models, the new platform brings together key features: a no-code workbench, pre-built Google agent taskforce, secure connections to company data, a central governance framework and access to an ecosystem of more than 100,000 Google Cloud partners. With the no-code workbench, users across teams can analyze data, build AI agents and automate processes without writing complex code. Gemini Enterprise connects securely to various enterprise environments — including Google Workspace, Microsoft 365, Salesforce and SAP — enriching AI agents with contextual data. A centralized governance framework enables organizations to monitor, secure and audit all agents in one place, while the open network of over 100,000 partners offers flexibility and a wide range of options for business innovation. “Some companies offer AI models and toolkits, but they ar

Oct 13, 2025By Lee Gyu-lee
Google Cloud unveils Gemini Enterprise for business AI platform
Tech & Science

Kakao to cut affiliates to 80 by year-end to focus on AI

Kakao is pushing ahead with a significant reorganization of its corporate structure, aiming to further trim its sprawling network of affiliates to streamline governance and refocus on artificial intelligence (AI) as a core growth engine. The tech giant’s CEO Chung Shin-a announced plans to pare down its affiliates from the current 99 to around 80 by the end of this year in a shareholder letter on Monday, continuing her two-year effort to simplify the group’s structure. Streamlining corporate governance has been one of Chung’s top priorities since she joined the Kakao Corporate Alignment Council in 2023, when there were 142 affiliates. By the time she became CEO in March last year, she had reduced the number to 132. It now stands at 99, down about 30 percent in just two years. “Kakao has spent the last year and a half rapidly reforming its corporate governance while implementing companywide cost efficiencies, building a financial structure that allows us to focus on future growth,” the CEO said in the letter. “Based on this foundation, we will begin delivering another wave of

Oct 13, 2025By Lee Gyu-lee
Kakao to cut affiliates to 80 by year-end to focus on AI
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