Samsung Electronics to pay chip division special bonus in spring 2027

Samsung Electronics will pay a new special performance bonus to employees of its semiconductor division in late March or early April 2027, after the plan is put to a vote at the company’s annual shareholders meeting in March, according to an internal notice issued Wednesday. The Device Solutions division, which oversees Samsung’s semiconductors business, informed employees Wednesday afternoon of the payout schedule, eligibility rules and payment terms. The bonus will be treated as income for the

Oct. 7, 2026

HD Construction Equipment wins W390b US data center engine deal

HD Construction Equipment is expanding into the fast-growing US data center power market with a 390 billion won ($291.4 million) engine supply deal. The company said Wednesday it signed an agreement with US power infrastructure solutions provider ERock to supply 22-liter, high-efficiency long-block gas engines from 2027 through 2028. ERock will integrate the partially assembled engines into generator sets to supply power to hyperscale data centers operated by US tech companies. The deal marks HD

Oct. 7, 2026

Seoul stocks down for 2nd day amid rising bond yields

South Korean stocks dipped by nearly 2 percent on Wednesday to extend their losses for a second consecutive session, led by declines in technology shares, amid concerns over rising bond yields that have climbed to multidecade highs. The Korean won strengthened against the US dollar. The benchmark Korea Composite Stock Price Index extended its losses to close down 137.49 points, or 1.98 percent, at 6,803.90. After opening 1.11 percent lower, the KOSPI briefly turned higher but eventually closed l

Oct. 7, 2026

HD Hyundai strengthens shipbuilding leadership in early reshuffle

HD Hyundai said Wednesday that it has named Lee Sang-kyun, vice chair of HD Hyundai Heavy Industries, to lead the group’s shipbuilding business as part of its 2026 executive reshuffle aimed at bolstering competitiveness across its core operations. Under the reshuffle, Lee will head the group’s overall shipbuilding operations, coordinating key strategies across its affiliates, including HD Korea Shipbuilding & Offshore Engineering, HD Hyundai Heavy Industries and HD Hyundai Samho. The 65-year-old

Oct. 7, 2026

Samyang combines jjajangmyeon with beef tallow

Samyang Foods Chair Kim Jung-soo describes how the company injected the full flavor of jjajangmyeon, or black bean noodles, into Charrr, a pack of instant ramyeon, during a media event at the firm headquarters in Seoul on Wednesday. According to Samyang Foods, the new beef tallow product sold over 10 million units in the first 100 days of its launch while claiming second place on the list of most popular instant black bean noodles in Korea. The company said it expects 10 billion won in sales fro

Oct. 7, 2026

Shin Ramyun makes a splash on the Thames

A giant cup of noodles takes a Thames cruise as Nongshim floats a 6-meter-tall Shin Ramyun cup sculpture through London on Tuesday. Traveling from Royal Docks past the London Eye and Big Ben, the installation featured oversized chopsticks, steam effects and nighttime lighting under the slogan “Work done. Day done. SHIN ME.” The campaign invited consumers to unwind with ramyeon after work and promoted “SHIN TO WIN,” a scratch-card giveaway running at UK retailers through Oct. 31. (Nongshim)

Oct. 7, 2026

Nuri nails five-satellite mission, eyes commercial future

South Korea’s Nuri rocket delivered five primary satellites into orbit Wednesday, completing its most complex deployment yet and taking another step toward commercial launch services. The fifth flight marked Nuri’s fourth consecutive success and its first mission to release five primary satellites in sequence. Nine of its 10 secondary CubeSat payloads also separated successfully, while one remained aboard. Korea AeroSpace Administration Administrator Oh Tae-seog confirmed the result at a 2 p.m.

Oct. 7, 2026

KT&G opens Indonesian plant to expand global output

KT&G has opened a new cigarette plant in Indonesia, lifting its annual production capacity in the country to 35 billion sticks and making it the company’s largest overseas manufacturing base. The facility in Pasuruan, East Java, completes KT&G’s production network across five countries — South Korea, Indonesia, Russia, Kazakhstan and Turkey — as the company shifts more output overseas. KT&G CEO Bang Kyung-man attended Tuesday’s opening ceremony alongside Adhy Karyono, secretary-general of the Ea

Oct. 7, 2026

Saudi Arabia looks to Korea to grow golf

Saudi Arabia’s golf ambitions have drawn global attention through LIV Golf and its recruitment of some of the sport’s biggest stars. At home, the kingdom faces a different task: getting more people to play. For that, it is looking to Korea. Thomas Rudy, chief investment and supply officer at Golf Saudi, sees Korea’s extensive course network, simulator technology and established golf culture as a model for expanding participation in Saudi Arabia, which currently has fewer than 5,000 registered go

Oct. 7, 2026

GI Innovation starts Japan phase 2 trial of allergy drug

GI Innovation said Wednesday that the first patient in a Japanese phase 2 trial of its allergy treatment candidate GI-301 is scheduled to receive the drug this month. Under a licensing agreement with Maruho signed in 2023, GI Innovation transferred Japanese development and commercialization rights for GI-301 to Maruho in a deal worth up to 300 billion won ($221 million) at the time. The Korean biotech is entitled to milestone payments tied to development and commercialization, along with royalti

Oct. 7, 2026

Samsung’s HBM prices tipped to more than double in 2027

Samsung Electronics’ high-bandwidth memory prices are expected to more than double next year as the industry shifts to HBM4 and tight DRAM supply gives memory-makers more room to raise contract prices, according to KB Securities on Wednesday. HBM is the high-speed memory used alongside advanced AI processors, making it one of the most closely watched parts of the semiconductor market as spending on artificial intelligence infrastructure grows. KB Securities expects Samsung’s HBM selling prices t

Oct. 7, 2026

Boston Dynamics names Amazon AI veteran Rohit Prasad as CEO

Boston Dynamics, the US robotics company owned by Hyundai Motor Group, has appointed former Amazon artificial intelligence executive Rohit Prasad as its new CEO as the company seeks to speed up commercialization of AI-powered robots. Prasad officially took office Wednesday, the company said, bringing extensive experience in developing and commercializing AI technologies. The appointment comes as Boston Dynamics — the company behind the Atlas humanoid, Spot quadruped robots and the Stretch wareho

Oct. 7, 2026

Jennie vs. Annie: Lotte-Shinsegae rivalry gets K-pop duel

Shinsegae Department Store has no formal ambassador, but Annie of Allday Project, K-pop's first known chaebol scion, has served as its de facto face since her debut last year. Lacking any such birthright, Lotte Department Store recently signed its own poster child: Blackpink's Jennie. Lotte's ambassador deal, unveiled in late September, marks its first advertising model in nearly a decade — Actress Shin Min-a last fronted Lotte in 2017 — and signals a bid to rejuvenate its image as a younger, mo

Oct. 7, 2026

Lotte Biologics expands US manufacturing partnership with Alvotech

Lotte Biologics said Wednesday it has signed a manufacturing agreement with multinational biotechnology company Alvotech as the Korean contract development and manufacturing organization continues to expand its global partnerships. Under the agreement, which was signed on the sidelines of CPHI Milan 2026 taking place in Italy from Tuesday to Thursday, Lotte Biologics will manufacture multiple antibody biosimilar drug substances developed by Alvotech at its facility in Syracuse, New York, for sup

Oct. 7, 2026

Posco completes second Argentina lithium plant

Posco Holdings has completed its second lithium plant in Argentina, giving it the capacity to supply 50,000 metric tons of lithium hydroxide as the South Korean steelmaker expands its push into critical battery materials. The completion comes eight years after Posco acquired mining rights to the Salar del Hombre Muerto, a salt flat on the border of Salta and Catamarca provinces, in 2018, marking a milestone in the group’s efforts to secure its own lithium resources. Posco Holdings, the holding c

Oct. 7, 2026