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Samsung narrows gap with SK hynix in HBM market in Q2
Samsung Electronics Co. narrowed the gap with market leader SK hynix Inc. in the global high bandwidth memory (HBM) chip market in the second quarter, industry data showed Thursday. According to the data compiled by industry tracker Counterpoint Research, SK hynix maintained its No. 1 position with a 50 percent share of the market by revenue in the April-June period. However, its share fell 8 percentage points from 58 percent in the previous quarter. In contrast, Samsung Electronics significantl
Sept. 3, 2026 -
Posco opens hundreds of entry-level jobs in AI push
Posco Group is hiring hundreds of entry-level employees across six affiliates and research units, putting AI and robotics talent at the center of its push to automate operations and build new growth engines. The recruitment drive covers about 60 roles spanning production, sales, safety and advanced technology, the group said Thursday. Participating organizations include Posco Holdings’ Future Technology Research Institute, Posco, Posco International, Posco DX, Posco E&C and the Research Institut
Sept. 3, 2026 -
Daewoong steps up cooperation with Indonesia
A delegation from Indonesia's drug regulator has visited Daewoong Pharmaceutical’s research center in western Seoul as the Korean drugmaker seeks to deepen cooperation with Indonesian authorities on drug development and regulatory affairs. According to Daewoong Pharmaceutical on Thursday, the delegation from Badan Pengawas Obat dan Makanan — Indonesia's national food and drug agency known as BPOM — took a close look at the Magok Research Center last week. The Magok Research Center spans roughly
Sept. 3, 2026 -
Predictable policy key to Korea's health innovation: AmCham
Government and industry leaders called for predictable implementation of South Korea’s healthcare reforms Thursday, saying regulatory consistency would be critical to expanding patient access and attracting investment. The American Chamber of Commerce in Korea, or AmCham, convened about 150 Korean and US officials, executives and healthcare experts at its 17th Healthcare Innovation Seminar at The Shilla Seoul. Held under the theme “From Reform to Execution: Building a Predictable Healthcare Inno
Sept. 3, 2026 -
Twosome Place takes K-cafe culture, cake-coffee pairing to US with 1st Virginia shop
South Korean coffee chain A Twosome Place is set to enter the US market next month, bringing its signature cake topped with fresh strawberries and filled with whipped cream and crunchy chocolate balls to the world’s largest food service market. Announcing the company’s first major push overseas, CEO Moon Young-ju said Thursday that it would open its first US store on King Street in Old Town Alexandria, Virginia, with plans to expand across the wider Washington metropolitan area. “We aim to intro
Sept. 3, 2026 -
Seoul shares end higher on easing oil prices
Seoul shares closed higher Thursday, driven by easing oil prices after US President Donald Trump played down the prospect of a prolonged conflict with Iran. The Korean won rose against the US dollar. After opening 1.33 percent higher, the benchmark Korea Composite Stock Price Index rose 16.76 points, or 0.26 percent, to end at 6,579.48. The rebound came after the main index plunged 3.99 percent in the previous session amid concerns about tensions in the Middle East and the possibility of further
Sept. 3, 2026 -
Samsung insurers weigh W9tr UK, US dealmaking push
Samsung’s two insurance arms left the door open Thursday to overseas deals potentially worth up to 9 trillion won ($6.6 billion), stopping short of denying reports linking them to major acquisitions in the UK and US. Samsung Fire & Marine Insurance is reportedly considering taking control of London-based specialty insurer Canopius, while Samsung Life Insurance is said to be weighing the purchase of about 15 percent of US financial group Principal Financial Group. In separate regulatory filings,
Sept. 3, 2026 -
Korea Eximbank eyes financing for Korean push into India
The Export-Import Bank of Korea is exploring financing support for Korean companies expanding into India’s shipbuilding, steel and critical minerals sectors, the state-run lender said Thursday. Korea Eximbank Chairman and CEO Hwang Ki-yeon met Indian Ambassador to Korea Gourangalal Das at the bank’s headquarters in Yeouido, Seoul, to discuss cooperation in strategic industries. The talks focused on building local ecosystems in shipbuilding, maritime industries and advanced manufacturing in line
Sept. 3, 2026 -
Posco, BHP team up to advance hydrogen steelmaking
Posco has teamed up with Australian mining giant BHP to test iron ore for its HyREX hydrogen-based steelmaking technology, moving the low-carbon process closer to commercialization. The companies signed a HyREX collaboration agreement Thursday, Posco said. Posco will test BHP iron ore under different operating conditions to determine how variations in feedstock quality and characteristics affect HyREX performance. The trials will help identify the most suitable raw materials for commercial produ
Sept. 3, 2026 -
Capital Group lifts Shinhan above 5%, cuts KB stake
US investment giant Capital Group has returned as a major shareholder in Shinhan Financial Group, lifting its stake above 5 percent as the Korean banking group steps up shareholder returns. According to a regulatory filing Wednesday, Capital Research and Management Company, a Capital Group affiliate, held 23.57 million shares in Shinhan Financial, which translates to a 5.02 percent stake. The holding makes the manager the third-largest shareholder in Shinhan Financial, behind the National Pensio
Sept. 3, 2026 -
LG chief’s adoptive mother loses bid to sever ties
The Seoul Family Court on Thursday rejected an attempt by Kim Young-sik, widow of late LG Group Chair Koo Bon-moo, to legally sever her adoptive relationship with LG Group Chair Koo Kwang-mo. The court dismissed Kim’s suit without disclosing its reasoning. Kim filed the case in November 2024 amid a separate legal battle over the division of her late husband’s estate. Koo Kwang-mo is the biological son of Koo Bon-neung, chair of Heesung Group and younger brother of Koo Bon-moo. The late LG chief
Sept. 3, 2026 -
Build in US or pay: Trump revives chip tariff threat
Build chips in America or pay to sell them there. US President Donald Trump's administration has revived its push for targeted semiconductor tariffs, raising pressure on Samsung Electronics and SK hynix to expand US production or face duties on chips made overseas. Commerce Secretary Howard Lutnick said companies manufacturing in the US would receive tariff relief, while those relying on foreign production should expect to pay. “What you’re going to see is targeted, thoughtful tariff policy that
Sept. 3, 2026 -
Hyundai Mobis starts EV powertrain production in Slovakia
Hyundai Mobis has begun mass-producing electric powertrain systems at a new plant in Slovakia, its first such facility in Europe, as it strengthens its foothold in the region’s electric vehicle market. The company invested about 250 billion won ($184 million) in the Novaky plant, which can produce 280,000 power electric, or PE, systems annually. A PE system combines an electric motor, inverter and reducer into a single powertrain unit. Hyundai Mobis held an opening ceremony Wednesday attended by
Sept. 3, 2026 -
Why SK hynix’s ‘Made in USA’ HBM starts in Korea
“The Indiana fab will become a gateway to deliver the first ‘Made in USA’ HBM products,” SK hynix CEO Kwak Noh-jung said at the groundbreaking ceremony on Aug. 26. Those products, however, will begin in South Korea. SK hynix will make the DRAM wafers at its Korean fabs, ship them across the Pacific and then stack, package and test them in West Lafayette, Indiana. The $4 billion-plus facility, the company's first HBM production base in the US, is due to begin mass production in the second half of
Sept. 3, 2026 -
Porsche Korea CEO to oversee Asia, Middle East
Porsche Korea CEO Mathias Busse will take charge of the German sports carmaker’s expanded Overseas region, covering key growth markets across Asia and the Middle East, while retaining his current role in Korea. Busse will become Porsche AG’s regional lead for Overseas on Oct. 1, Porsche Korea said Thursday. The appointment is part of a global sales overhaul that will reduce Porsche’s regional structure from five divisions to four. Germany will be folded into Europe, while North, Central and Sout
Sept. 3, 2026