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Samsung Electronics to pay chip division special bonus in spring 2027
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Samsung to expand chip capacity in Vietnam, boost high-end production in Korea
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Samsung becomes first tech giant to top W100tr quarterly profit
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Inside Burger King Korea's 90-minute secret Whopper room
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Nuri rocket lifts off on fifth mission with 15 satellites aboard
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Kakao Bank brings full-app banking to foreign residents
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GS Caltex wins London awards for carbon capture campaign
GS Caltex scored two prizes at the 2026 London International Awards for a campaign that employs playful, interactive content to explain carbon capture technology, the company said Tuesday. The company's CCU-S campaign earned silver for creativity in public relations and bronze in creative strategy, recognizing its approach to making complex low-carbon technologies more accessible to the public. At the center of the campaign is the interactive CCUS kit, which uses children's familiarity with fart
Oct. 13, 2026 -
LS Electric lands $138.5m US power equipment deal
LS Electric said Tuesday it has signed a $138.5 million contract with US-based Bloom Energy to supply power distribution equipment for a major technology company's data center in Pennsylvania. The latest agreement brings the South Korean manufacturer's cumulative orders from Bloom Energy to more than $500 million since April 2025, crossing the milestone in about 18 months. Under the contract, LS Electric will supply 38-kilovolt high-voltage switchgear and distribution transformers between April
Oct. 13, 2026 -
IMF raises S. Korea's growth forecast to 3.3% amid chip supercycle
The International Monetary Fund on Tuesday raised its growth forecast for South Korea in 2026 to 3.3 percent, citing strong semiconductor exports that more than offset the fallout from the Middle East war. The Washington-based organization released the assessment in the World Economic Outlook report, raising its forecast by 0.7 percentage point from its July projection. The revised figure exceeded its global growth forecast of 3.1 percent. The report was released to coincide with the 2026 Annual
Oct. 13, 2026 -
MetLife Korea relocates headquarters to boost collaboration
MetLife Life Insurance has relocated its headquarters to G1 Seoul in Jongno-gu, central Seoul, as part of efforts to improve collaboration, streamline decision-making and foster a more agile corporate culture. The insurer held a ceremony Oct. 6 attended by MetLife Asia President Lyndon Oliver, MetLife Life Insurance Board Chair Park Hye-kyung, National Office and Financial Services Trade Union Chairman Lee Jae-jin and employees. The move brings teams previously spread across multiple floors into
Oct. 13, 2026 -
Seoul shares open sharply lower on US losses, inflation concerns
Seoul shares opened sharply lower Tuesday, as losses in US technology stocks weighed on investor sentiment ahead of major companies' earnings reports and the release of US inflation data. After opening 3.1 percent lower, the benchmark Korea Composite Stock Price Index extended losses, trading down 257.59 points, or 4.03 percent, to 6,126.65 as of 9:15 a.m. Overnight, US stocks ended mixed, with the Dow Jones Industrial Average rising 0.38 percent and the tech-heavy Nasdaq Composite falling 0.44
Oct. 13, 2026 -
Seoul shares plunge over 3 pct on tech sell-off amid Mideast, inflation woes
Seoul shares plunged more than 3 percent Monday, extending their losing streak to a fourth session, as a massive sell-off in technology stocks fueled by inflation concerns weighed on the market amid elevated oil prices. The Korean won rose against the US dollar. After opening 0.07 percent lower, the benchmark Korea Composite Stock Price Index extended losses to close down 241.69 points, or 3.65 percent, at 6,384.24. Trade volume was moderate at 313 million shares worth 21.33 trillion won ($16 bi
Oct. 12, 2026 -
US rules give Korean LFP makers rare opening against China
South Korean battery materials makers challenge China’s near-monopoly with a fresh push into lithium iron phosphate cathodes as US restrictions and energy storage demand create an opening for Korean suppliers. Posco Future M and L&F, long focused on nickel-rich cathodes for electric vehicles, are converting production lines, building dedicated LFP plants, and locking in multitrillion-won supply deals with Korea’s major battery makers. Behind the shift is a rapid expansion of energy storage syste
Oct. 12, 2026 -
Anduril’s $6.6b submarine push puts HD Hyundai in focus
US defense technology firm Anduril Industries’ $6.6 billion push to build critical components for US Navy submarines is putting fresh focus on its partnership with HD Hyundai, raising the possibility of deeper cooperation in submarine manufacturing and smart shipyards. HD Hyundai said it was open to expanding the partnership, although the two companies had not held specific discussions about the Korean shipbuilder’s involvement in the project. Anduril, which specializes in artificial intelligenc
Oct. 12, 2026 -
Kakao Bank brings full-app banking to foreign residents
Kakao Bank launched banking services for foreign residents Monday, opening more than 50 financial and lifestyle features through the same app used by Korean customers as it seeks to close a longstanding gap in digital banking access. The initial rollout lets eligible foreign residents open accounts, receive debit cards and make overseas remittances entirely through the app. Kakao Bank plans to gradually expand the service to savings, lending and other products already available to Korean custome
Oct. 12, 2026 -
Global digital finance leaders to gather in Seoul for WDAF
The people shaping the next chapter of finance are coming to Seoul. Executives and experts from Standard Chartered, JPMorgan, Evernorth, Sygnum, Ondo Finance, Circle and other major financial and digital asset companies will join the inaugural World Digital Assets Forum on Nov. 9 at The Grand Lotte Seoul. Hosted by Herald Media Group, WDAF 2026 will offer a closer look at how stablecoins, tokenized assets and blockchain technology could change the way people pay, invest and manage wealth — and w
Oct. 12, 2026 -
Toss Place to hire hundreds in first companywide recruitment
Toss Place, a subsidiary of Viva Republica that provides payment terminals and point-of-sale solutions, has launched its first recruitment drive across all job functions, with plans to hire hundreds of employees. Applications are open through Oct. 31 for positions spanning business and sales, data, design, engineering, finance, marketing, human resources, product, security and strategy. The recruitment is open to entry-level and experienced applicants. Toss Place has also removed its six-month w
Oct. 12, 2026 -
Celltrion posts first W500b quarterly operating profit
Celltrion broke the 500 billion won ($374 million) quarterly operating profit mark for the first time in the third quarter, as high-margin biosimilars and lower costs powered another record performance. According to Celltrion on Monday, it posted preliminary consolidated revenue of 1.5 trillion won and operating profit of 510 billion won for the July-to-September period, up 45.8 percent and 69.2 percent, respectively, from a year earlier, marking record-high earnings for the third consecutive qu
Oct. 12, 2026 -
Samsung SDS buys Woojung Air to bolster global air freight
Samsung SDS has agreed to acquire South Korean air cargo consolidator Woojung Air Consolidation, seeking to strengthen its freight forwarding operations through Incheon Airport. The IT services and logistics company signed a share purchase agreement Monday to acquire a 100 percent stake in Woojung Air, with the transaction expected to close by year-end, according to industry sources. Founded in 1999, Woojung Air specializes in consolidating smaller shipments into larger loads and securing cargo
Oct. 12, 2026 -
Inside Burger King Korea's 90-minute secret Whopper room
Most visitors to Flameground, Burger King's first global flagship in Seongsu, Seoul, arrive for its exclusive burgers, built on 70 years of flame-grilled heritage. Yet a select few venture deeper, past the broiler-themed main hall, into a ten-seat bar tucked in the back. Here diners find the Gastro, a reservation-only tasting course that deconstructs the Whopper, Burger King's signature burger, layer by layer. Each ingredient gets its own Korean-accented plate. Charcoal smolders in an open kitch
Oct. 12, 2026 -
Gaon Cable targets US nuclear, SMR markets with North Carolina production line
Gaon Cable said Monday it plans to add a nuclear power cable production line at its US subsidiary in North Carolina, targeting growing demand as the country expands nuclear capacity to meet surging electricity needs. The South Korean cable maker will establish the line at LSCUS in Tabor City, expanding its US-made portfolio beyond overhead transmission lines to specialized cables for conventional nuclear reactors and small modular reactors. The move comes as soaring power demand from artificial
Oct. 12, 2026