....61 percent, and the tech-heavy Nasdaq composite jumped 2.68 percent. In Seoul, large-cap shares gathered ground across the board, with techs and chemicals leading the upturn. Market heavyweight Samsung Electronics rose 0.91 percent, and No. 2 chipmaker SK hynix surged 2.43 percent. Top battery maker LG Energy Solution added 0.46 percent, and LG Chem spiked 3.93 percent. Carmakers also rose, with Hyunda...

...ful upturn given lingering uncertainties, such as China's lockdown amid the COVID-19 pandemic and global supply issues," he added. Big-cap tech shares ended lower to drag down the index. Top-cap Samsung Electronics fell 0.75 percent to 65,900 won, and major chipmaker SK hynix sank 4.63 percent to 103,000 won. But chemicals and steel shares rose, with major battery maker LG Energy Solution growing 0.94 pe...

... and securing infrastructure of the nation’s fourth-largest conglomerate dedicated to consumer electronics, battery, chemical and communications. Of the total investment pledge, 48 trillion won will g...arting Monday to discuss a long-term direction. This week, major Korean conglomerates including Samsung, SK, Hyundai Motor, Lotte and Hanwha scrambled to announce their respective long-term spending ...

... Thursday, where many expect the central bank to raise the key rate to combat inflation. In Seoul, most large-cap shares gathered ground, with tech and bio leading the upturn. Market heavyweight Samsung Electronics rose 0.6 percent, and top battery maker LG Energy Solution grew 0.47 percent. Pharmaceutical giant Celltrion soared 0.98 percent, and Samsung Biologics gained 0.48 percent. Carmakers also ros...

...ervice in 1984. He also served as the country's ambassador to the Organization for Economic Development and Cooperation in 2015, before joining the Moon administration in 2018. Han also welcomed Samsung Electronics' plan to invest 450 trillion won (US$355 billion) in semiconductor and bio science for the next five years. South Korea's largest company made the announcement Tuesday as it seeks to further e...

...se 0.2 percent to 31,928.62, but the Nasdaq index fell 2.4 percent to 11,264.45. In Seoul, bio and chemical stocks advanced, while techs and autos finished in negative terrain. Market bellwether Samsung Electronics Co. fell 0.2 percent to 66,400 won, No. 2 chipmaker SK hynix Inc. declined 0.5 percent to 108,000 won, and top carmaker Hyundai Motor Co. shed 0.8 percent to 183,500 won Among gainers, the sta...

... that counters China. The positive result is thanks largely to the massive investment plans unveiled by Korean conglomerates during Biden’s visit. Not only the country’s two flagship companies -- Samsung Electronics and Hyundai Motor Group -- but also other conglomerates such as LG, SK and Hanwha pledged to expand their investment in the US market. Perhaps the most memorable moments include Biden’s visit ...

...etail companies this week. Their results are set to affect global stocks," Yoo Myeong-gan, an analyst at Mirae Asset Daewoo, said. In Seoul, most large-cap stocks declined, with market bellwether Samsung Electronics Co. down 2 percent to 66,500 won, No. 2 chipmaker SK hynix Inc. falling 4 percent to 108,500 won, and top carmaker Hyundai Motor Co. losing 1.6 percent to 185,000 won. Among gainers, state-run...

South Korea’s largest conglomerate Samsung announced Tuesday plans to invest a combined 450 trillion won ($355.8 billion) and create some 1 million jobs in Korea over the course of five years -- the ...ent, 360 trillion won will go to South Korea, according to the company. The group’s crown jewel Samsung Electronics will use the fresh capital to strengthen research capabilities and introduce more s...

...arry out joint and individual projects to create more jobs and tackle other social issues such as climate change. A total of 76 entrepreneurs, including Hyundai Motor Group Chairman Chung Euisun, Samsung Electronics President Lee In-yong and SK Group’s Supex Council social value committee chief Lee Hyung-hee, have signed up to join the new initiative. Top tech companies such as Coupang, Woowa Brothers, To...

Samsung SDI Co., a major South Korean battery maker, will build an electric vehicle battery plant in the US state of Indiana with Stellantis N.V. and plans to make the announcement this week, industr...tery maker. An official from Samsung SDI declined to comment. US President Joe Biden mentioned Samsung's plans for the new battery production facility when he toured Samsung Electronics Co.'s chip p...

...e hikes, inflation and the impact of China's COVID-19 lockdown on the global economy. They also await earnings results of US retail companies, such as Best Buy, a specialty retailer of consumer electronics, Costco Wholesale Corp. and Macy's. In Seoul, most large-cap stocks declined across the board. Market bellwether Samsung Electronics Co. fell 0.9 percent, No. 2 chipmaker SK hynix Inc. declined 2.2 percent, top carmaker Hyundai Motor Co. shed 1 percent, and Hanjin KAL Corp., the parent firm of national flag carrier...

... 13,504. The sharp gain in female executives came ahead of the implementation in August of a new capital market law that puts restrictions on male-dominated boards. Home appliance giant LG Electronics Inc. posted the biggest on-year increase of 39, followed by chip giant SK hynix Inc. with 37, global tech titan Samsung Electronics Co. with 28 and display behemoth LG Display Co. with 22. (Yonhap)

...y moments of last week’s summit talks between South Korean President Yoon Suk-yeol and US President Joe Biden was the two signing a semiconductor wafer, not a visitors’ book, during their visit to Samsung Electronics’ chip manufacturing complex in Pyeongtaek, Gyeonggi Province, Friday. It was the first time that the wafer, produced by Samsung’s new 3 nanometer technology, was unveiled to the public. The Ko...

... the allies is aimed at building resilient global supply chains between countries that share values and have a competitive edge in advanced technologies, which was fully displayed when they toured Samsung Electronics Co.'s sprawling chip factory together Friday. South Korea's participation in the IPEF as a founding member, he said, is aimed at becoming a "rule maker" in the negotiation process of fleshing ...