Hyundai Steel unifies H-beam lineup under H ONE brand

Hyundai Steel has launched H ONE, a unified brand combining its rolled and built-up H-beams, as it targets growing demand from projects such as AI data centers, semiconductor plants and high-rise buildings. The company unveiled the brand at Pangyo Tech One in Seongnam, Gyeonggi Province, with representatives from construction companies, distributors, steel fabricators, structural design firms and industry associations attending. Demand for more diverse H-beam specifications is increasing as data

Oct. 12, 2026

Trump touts Korea Zinc’s Tennessee smelter as US investment win

US President Donald Trump has touted Korea Zinc’s planned multibillion-dollar smelter in Tennessee as a major investment secured through his tariff policies, putting the Korean metals company’s “Project Crucible” in the spotlight as Washington seeks to strengthen domestic critical mineral supply chains. Speaking at a campaign rally in Clarksville, Tennessee, Saturday, Trump singled out Korea Zinc’s investment as evidence that his trade policies are attracting foreign capital and creating America

Oct. 12, 2026

[Photo News] Olive Young takes K-beauty to Sephora Asia

CJ Olive Young is holding a K-beauty pop-up at ION Orchard in Singapore through Wednesday to mark the launch of its K-Beauty Edit sections at Sephora stores across Asia. The curated collection of Korean beauty products is now available at 48 Sephora stores in Malaysia, Singapore, Thailand and Hong Kong, as well as online. The pop-up offers skin analysis, product samples and skincare products in four categories. The Asian expansion follows the collection’s US debut in August under a partnership s

Oct. 12, 2026

SK launches 2-year AI training program with W3m monthly stipend

SK Group said Monday it will launch a two-year, full-time artificial intelligence training program for young adults, offering participants 3 million won ($2,200) a month as they work on real-world AI projects. The program, called SK AIGen — “AI” plus “generation” — is designed to develop practical skills for the AI era rather than focus on conventional academic credentials. Participants will identify problems facing individuals, businesses and society and develop AI-based solutions either indepe

Oct. 12, 2026

Finance minister urges preemptive action for supply chain stability

The finance minister on Monday stressed the need to address weaknesses in South Korea's supply chains amid global uncertainties, including the geopolitical crisis in the Middle East. Finance Minister Lee Hyoung-il made the remarks during a meeting of the supply chain stabilization committee, noting current uncertainties are no longer short-term issues but structural challenges requiring long-term management. "A chain is only as strong as its weakest link. The government will proactively identify

Oct. 12, 2026

Seoul shares open lower on inflation, Mideast woes

Seoul shares opened lower Monday, as losses in technology stocks weighed on the market amid inflation concerns stoked by elevated oil prices and the escalating Middle East crisis. After opening 0.72 percent lower, the benchmark Korea Composite Stock Price Index fell 83.72 points, or 1.26 percent, to 6,542.21 as of 9:15 a.m. The decline came despite overnight gains on Wall Street. The Dow Jones Industrial Average rose 0.83 percent on Friday, while the tech-heavy Nasdaq Composite climbed 0.64 perc

Oct. 12, 2026

Exports double in first 10 days of Oct. on chip boom

Outbound shipments reached $26.1 billion in the Oct. 1-10 period, according to the data from the Korea Customs Service. It marked the highest export value for the period, surpassing the previous record of $15.3 billion set in the first 10 days of October 2025. The daily average export total came to $4.75 billion, setting a new record for any 10-day period as well. Imports went up 65.5 percent on-year to $22.3 billion over the cited period, resulting in a trade surplus of $3.8 billion. By sector,

Oct. 12, 2026

Solidigm IPO sparks debate over SK hynix shareholder value

SK hynix's potential US listing of its NAND flash subsidiary Solidigm is dividing investors over whether the move could unlock hidden value for the South Korean chipmaker or dilute the interests of existing shareholders. According to investment banking sources on Sunday, Solidigm has held meetings with several investment banks to discuss underwriters for a potential US listing. Market watchers estimate it could be valued at up to $150 billion and raise as much as $15 billion. Solidigm was establ

Oct. 11, 2026

Foreign ownership of Samsung falls to 18-year low

Overseas selling pushes Samsung's foreign ownership back to 2008 financial crisis levels despite record earnings, while SK hynix holdings also fall below 50 percent Foreign ownership of Samsung Electronics has fallen to its lowest level in nearly 19 years as record quarterly earnings fail to halt overseas investors' retreat from South Korea's biggest stock. Foreign investors held 46.38 percent of Samsung shares as of Thursday, according to Korea Exchange data. The stake touched 46.37 percent on

Oct. 11, 2026

HLB's liver cancer drug push gains momentum after first FDA approval

HLB’s first US approval for a cancer drug has given the Korean company fresh momentum in its effort to bring rivoceranib, a long-delayed liver cancer treatment, to market, as it seeks a green light from the US Food and Drug Administration after three failed attempts. The FDA approved Lyrfigtu, developed by HLB’s US subsidiary Elevar Therapeutics, for patients with previously treated advanced bile duct cancer harboring FGFR2 fusions or rearrangements on Sept. 23. The milestone gave Elevar Therape

Oct. 11, 2026

Hacking attempts on BOK, state lenders top 1 million

South Korea's central bank and three state lenders recorded more than 1 million hacking attempts in the first nine months of the year, surpassing the total for all of 2025. The tally reached 1,024,478 through September, 9.6 percent more than last year's 934,858, according to data released Sunday by Rep. Kang Min-kuk of the People Power Party. The number of attempts per year has climbed from 358,800 in 2020. The institutions reported no breaches resulting from the attempts between 2020 and Septem

Oct. 11, 2026

Samsung to expand chip capacity in Vietnam, boost high-end production in Korea

Samsung affiliates plan to invest a combined 12.26 trillion won ($9.15 billion) in chip operations, directing nearly 8 trillion won to Vietnam while expanding high-end production capacity in South Korea. Samsung Electronics plans to invest 105.79 trillion Vietnamese dong ($4.09 billion) in memory chip testing facilities at Yen Binh Industrial Park in Thai Nguyen, northern Vietnam, according to an investment plan submitted to local authorities. The first production line is scheduled to start oper

Oct. 11, 2026

LG Electronics expands US premium appliance push as Signature marks 10 years

LG Electronics is expanding its premium appliance lineup and retail distribution in the United States as its luxury brand LG Signature marks a decade in the market, the company said Sunday. The South Korean electronics maker aims to strengthen its presence in North America's premium and built-in appliance sectors by broadening its kitchen portfolio, widening retail access and introducing artificial intelligence features. The brand now offers 10 kitchen product categories, including ranges, wall

Oct. 11, 2026

Starbucks regains coffee chain lead five months after 'Tank Day' controversy

Starbucks Korea regained the top spot in sales among South Korean coffee chains in September, overtaking A Twosome Place after four months in second place following a public backlash over its controversial "Tank Day" promotion. According to by estimated credit and debit card spending data released Sunday by Mobile Index, a market intelligence platform operated by IGAWorks, Starbucks recorded an estimated 121 billion won ($90.3 million) in card payments last month, up 4.3 percent from August. Mon

Oct. 11, 2026

Hyundai set to hit 10 million India sales as SUVs fuel growth

Hyundai Motor is poised to hit 10 million cumulative sales in India by year-end, fueled by surging SUV sales. The milestone comes about three decades after the South Korean automaker entered India, one of the world's largest and fastest-growing automotive markets. According to data released Sunday by the Society of Indian Automobile Manufacturers, Hyundai has sold a cumulative 9,884,960 vehicles in India as the end of September, leaving it just shy of 10 million. At its current sales pace, Hyund

Oct. 11, 2026