Q4

Earnings Samsung to focus on HBM, other high-end chips after weak Q4 earnings

Samsung Electronics Co., the world’s largest memory chipmaker, on Friday vowed to cut its production of legacy chips and increase sales of pre...

Economy S.Korea’s economy grows 2.0% in 2024; Q4 GDP below forecast

South Korea’s economy expanded 2.0% last year, falling short of the central bank’s forecast on weaker-than-expected growth in the fourth...

Earnings SK Hynix surpasses Samsung with record-high profit in Q4

SK Hynix Inc., the top supplier of high-bandwidth memory (HBM) chips to Nvidia Corp., on Thursday reported its highest-ever quarterly profit of 8.08...

IPOs Celltrion seeks large-scale M&A in Q4, eyes 2027 Nasdaq debut

SAN FRANCISCO – South Korea’s leading biosimilar drug developer Celltrion Inc. seeks to acquire a domestic health food maker as early as...

Earnings Samsung’s Q4 profit misses expectations; Stock rises

Samsung Electronics Co. flagged weaker-than-expected earnings for the last quarter of last year due to a fall in memory chip prices and soft demand ...

Electronics Hanmi Semiconductor to build new TC Bonder plant in Incheon

Hanmi Semiconductor Co., South Korea’s leading chip packaging equipment manufacturer, held a ground-breaking ceremony for its seventh plant of...

Electronics Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025

South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next ye...

Automobiles Kia to sweep top three spots in Korea car sales on SUV, hybrid boom

Kia Corp., South Korea’s No. 2 automaker, is poised to claim the top three spots on the country’s best-selling car list this year thanks...

Korean chipmakers SK Hynix mass-produces 12-layer HBM3E for Q4 shipment

SK Hynix Inc. said on Thursday it has begun mass-producing the world’s first 12-layer HBM3E with a capacity of 36 gigabytes (GB) for shipment ...

IPOs Online lender K Bank aims for IPO at $4 bn valuation in Q4

Kbank, a South Korean online bank, is preparing to list on the main bourse Kospi at an estimated value of up to 5 trillion won ($3.8 billion) in the...

Earnings SK Hynix to supply 12-layer HBM3E to Nvidia in Q4; profit soars in Q2

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has made a significant turnaroun...

Earnings LG Energy’s Q2 profit hurt by EV slowdown, expects Q4 improvement

LG Energy Solution Ltd., one of the world’s top three battery makers, on Monday posted a smaller quarterly profit, hurt by sluggish global ele...

Electric vehicles Kia premieres EV3 to boost global electrification push

Kia Corp., South Korea’s second-largest automaker, on Thursday premiered the EV3, its low-cost electric sport utility vehicle (SUV), to reboot...

Batteries Ferrari, SK On team up to innovate battery technology

Ferrari S.p.A. joined hands with SK On Co., the world’s fifth-largest electric vehicle battery producer, to innovate cell technology as the It...

Korean chipmakers Samsung's chip stockpile declines in Q4 2023

Samsung Electronics Co. has reported a decrease in its semiconductor inventory for the first time in 10 quarters, signaling a rebound in the memory ...

Earnings Netmarble bets on new games for turnaround in 2024

Netmarble Corp. expects a turnaround this year driven by new games after successfully snapping its seven consecutive quarter losing streak in the fi...

Earnings EcoPro’s 2023 profit halves on softer EV demand, materials prices

South Korea’s major battery materials company EcoPro Co. saw last year’s operating profit halved from the previous year after a steeper-...

Markets S.Korean securities downgrades GS E&C’s investment opinion

Hyundai Motor Securities downgraded its investment opinion on GS Engineering & Construction Corp. (GS E&C) from "Buy" to "Market Perform" on...

Pension funds NPS bets on Samsung Electro-Mechanics, sells POSCO stocks in Q4

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, saw the amount of listed local shares it owns rise...

Earnings Samsung’s narrowed Q4 chip losses fuel bullish 2024 outlook

Samsung Electronics Co., the world’s largest maker of memory chips, smartphones and TVs, said on Tuesday its chip business losses significantl...

Earnings LG Electronics posts record 2023 sales, Q4 profit misses forecasts

LG Electronics Inc. on Monday posted record-high 2023 revenue thanks to robust sales of home appliances and vehicle components, although its fourth-...

Aerospace & Defense KAI secures $1.1 bn deal to mass-produce light-armed helicopters

Korea Aerospace Industries Ltd. (KAI), the sole military aircraft manufacturer in the country, announced on Wednesday that it has signed a contract ...

Earnings Korean tire makers post double-digit Q3 profit margins; outlook bright

South Korea’s three leading tire makers posted their highest-ever quarterly profit margins in the third quarter, boosted by tire price hikes, ...

Earnings SK Innovation targets profit from EV battery unit in Q4

SK Innovation Co., South Korea’s top energy company, said its electric vehicle (EV) battery subsidiary aims to turn to the black in the fourth...

Earnings Samsung Electro-Mechanics sees share price target cut

South Korean brokerages have downgraded their target prices for Samsung Electro-Mechanics, following a significant earnings shock in the third quart...

Earnings LG Display narrows Q3 losses, sees turnaround in Q4

LG Display Co. said on Wednesday it will likely turn a profit in the fourth quarter of this year, snapping its losing streak of the past six quarter...

Batteries POSCO Future M sees cathode material prices falling 12% in Q4

South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as mu...

Energy Seesawing refining margins cloud Korean refiners’ earnings

The outlook on South Korean oil refiners' earnings in the fourth quarter has turned murky as oil refining margins are back on a downward trend ami...

Mergers & Acquisitions Lotte Chilsung secures majority stake in Pepsi Philippines

Lotte Chilsung Beverage Co., a household name in South Korea’s soft drink market, said on Wednesday it has secured management rights of Pepsi-...

Electric vehicles High price, quality issues slow Kia EV9 sales in Korea

Kia Corp., South Korea’s No. 2 automaker, is struggling to sell its flagship large all-electric sport utility vehicle EV9 at home as high pric...