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Seoul shares end lower on tech losses amid rising bond yields
Seoul shares ended lower Tuesday, led by declines in technology stocks, amid concerns over rising bond yields at multidecade highs. The Korean won rose against the US dollar. After opening higher, the benchmark Korea Composite Stock Price Index turned lower to close down 62.35 points, or 0.89 percent, at 6,941.39. Trade volume was light at 257.27 million shares worth 19.1 trillion won ($14.2 billion), with decliners outnumbering gainers 459 to 424. Foreigners and institutions sold a net 1.75 tri
Oct. 6, 2026 -
Alaska LNG project gains appeal, but economics still key: minister
South Korea’s industry minister said Tuesday that a proposed Alaska liquefied natural gas project carried added strategic value for the country’s energy security, especially after the war in the Middle East, while reaffirming that any Korean participation would have to make economic sense. Industry Minister Kim Jung-kwan made the remarks during a parliamentary audit of the Ministry of Trade, Industry and Resources, responding to a question from Rep. Choi Soo-jin of the ruling People Power Party
Oct. 6, 2026 -
BOE chief set for Korea visit as Samsung boosts panel orders
Samsung Electronics is turning more to China’s BOE for TV panels, with purchases forecast to double this year as the Korean company reshuffles its LCD suppliers. The shift comes as BOE Chairman Chen Yanshun reportedly plans to visit Korea next week to meet Samsung Electronics CEO Roh Tae-moon. Neither company has announced the meeting, but local media reports citing industry sources said TV LCD supply and pricing are expected to be on the agenda. Samsung is projected to buy 4.4 million TV LCD pa
Oct. 6, 2026 -
Hyundai closes in on Ford in US. Can it pull ahead?
Hyundai Motor Group is closing in on Ford’s position as the third-largest automaker in the US, with strong hybrid sales putting a potential third-place finish on an annual basis within reach. Hyundai Motor and Kia outsold Ford in July and August, building a lead of more than 15,000 vehicles over the two months. But sustaining that momentum could become harder as Washington relaxes fuel economy rules, giving US rivals more room to focus on their profitable gasoline-powered SUVs and pickups. The c
Oct. 6, 2026 -
Samsung Biologics union seeks direct talks with Samsung Electronics
Samsung Biologics’ labor union is seeking to bring Samsung Electronics into its prolonged wage dispute, demanding direct negotiations on personnel and compensation policies it says the chipmaker effectively controls. The union said Tuesday it had sent a bargaining request to Samsung Electronics, which holds a 30.92 percent stake in the biopharmaceuticals company as its second-largest shareholder. It argues that Samsung Electronics’ influence over those policies qualifies it as an employer under
Oct. 6, 2026 -
Doosan to lead W98.9b AI robotics projects
Doosan Robotics said Tuesday it had secured two major Korean government R&D deals to build South Korea’s first physical AI manufacturing platform by embedding domestic semiconductors into collaborative robots. The government-backed projects will receive 68.1 billion won ($50.7 million) in subsidies through the Industry Ministry and the Industry Ministry and the Korea Planning & Evaluation Institute Industrial Technology, with Doosan providing another 30.8 billion won. For the first project, Doos
Oct. 6, 2026 -
Hyundai Glovis, LGL team up to explore SMR-powered car carriers for Korea-US routes
Hyundai Glovis said Tuesday it has teamed up with US logistics firm Liberty Global Logistics to explore whether car carriers powered by small modular reactors could be commercially viable on routes between South Korea and the US. The logistics arm of Hyundai Motor Group said it signed a memorandum of understanding with Liberty Global Logistics to jointly assess the operation of pure car and truck carriers powered by SMRs on routes linking the two countries. The agreement was signed Sept. 30 at L
Oct. 6, 2026 -
LG to test five components in orbit aboard Nuri
LG will send five components made by three affiliates into orbit aboard South Korea’s homegrown Nuri rocket Wednesday, marking the conglomerate’s first groupwide test of its technologies in space. LG Sciencepark, LG Group’s research and innovation hub, said Tuesday that the components have been installed on a CubeSat prepared with Unmanned Exploration Laboratory, a Korean startup specializing in lunar exploration rovers. CubeSats are compact, standardized satellites commonly used for Earth obser
Oct. 6, 2026 -
LG to supply digital cockpit for Renault’s new electric van
LG Electronics will supply an integrated digital cockpit for Renault Group’s new Trafic Van E-Tech Electric, expanding its automotive technology business as manufacturers shift to software-defined vehicles. The electric van, named the 2027 International Van of the Year, is Europe’s first commercial software-defined vehicle, according to LG. LG’s cockpit combines a digital instrument cluster and infotainment system, bringing driving information, navigation and media functions into a unified inter
Oct. 6, 2026 -
Musinsa expands Japanese fashion offerings with Korean pop-up
Musinsa will host Japanese fashion platform Zozotown’s first pop-up in Korea this month, bringing 15 Japanese brands to Seoul as the partners expand their cross-border business. The event will run from Oct. 16 to 31 at Musinsa Store Seongsu in Seongsu-dong, featuring brands including Beauty&Youth United Arrows, Snidel, Urban Research and WYM LIDNM. Musinsa said it will use the pop-up to assess Korean demand for Japanese labels, linking the physical showcase with online shopping so visitors can b
Oct. 6, 2026 -
Seoul stocks turn lower after opening higher on profit-taking
Seoul shares turned lower on profit-taking after opening higher Tuesday, as concerns over rising bond yields at multidecade highs weighed on investor sentiment. After opening 0.58 percent higher, the benchmark Korea Composite Stock Price Index fell 8.14 points, or 0.12 percent, to 6,995.60 as of 9:15 a.m. Investors are now turning their attention to upcoming corporate earnings, although higher interest rates, elevated energy costs and renewed inflation worries are pushing up global bond yields.
Oct. 6, 2026 -
LG wins 5GW AI cooling deal in North America
LG Electronics said Monday that it has secured a long-term agreement to supply chillers for more than 5 gigawatts of AI data center capacity in North America, expanding its cooling business as demand for artificial intelligence infrastructure grows. The agreement with AIR Control Concepts covers a multiyear supply program for data centers in the US and Canada. Its financial value and detailed delivery schedule were not disclosed. AIR, headquartered in Norfolk, Virginia, operates a network of hea
Oct. 5, 2026 -
AMD CEO to visit S. Korea this week for partnerships
Lisa Su, chief executive officer of Advanced Micro Devices Inc. will visit South Korea this week to meet semiconductor industry executives and government officials, the company said Monday. The visit comes about seven months after Su's previous trip to South Korea in March. Su, along with Jack Huynh, senior vice president and general manager of AMD's Computing and Graphics Group, is scheduled to attend AMD Gamer Day 2026 in central Seoul on Wednesday. A media Q&A session is also scheduled for th
Oct. 5, 2026 -
Korean banks on high alert after wave of cyberattacks
A wave of cyberattacks has exposed personal data at seven South Korean financial firms, prompting emergency security measures as regulators investigate whether a single attacker used artificial intelligence to breach their defenses. Shinhan Bank and Yegaram Savings Bank reported the largest breaches, affecting about 25,000 and 40,000 people, respectively. Authorities found the same attacker’s internet protocol address across all seven affected firms, raising suspicions of a coordinated campaign.
Oct. 5, 2026 -
HD Hyundai XiteSolution rolls out electric forklifts up to 18 tons
HD Hyundai XiteSolution has launched what it says are South Korea’s first electric forklifts with lifting capacities of 10 to 18 tons, targeting shipyards, ports and steel mills traditionally reliant on diesel equipment. The company said Monday it recently held a test-drive event at its Eumseong plant in North Chungcheong Province for the new models, which have entered mass production. The launch follows the introduction of four- to nine-ton electric forklifts last year, giving the company what
Oct. 5, 2026