SK expands into Vietnam AI ecosystem with data center plans

SK Group is stepping up efforts to build Vietnam’s artificial intelligence ecosystem and core infrastructure, marking a major push to export its “AI full-stack” model overseas. The group said Friday it signed separate memorandums of understanding with Vietnam’s Nghe An provincial government and the National Innovation Center during the Korea-Vietnam Business Forum held in Hanoi. The agreements were signed in the presence of Industry Minister Kim Jung-kwan and Vietnam’s Finance Minister Ngo Van T

2026-04-24 10:38:20:00

Korea Developer Association names Newtatco chief as adviser for Vietnam expansion

The Korea Developer Association said Wednesday it had appointed Tran Viet Hanh, chairman of Newtatco, as an adviser to its international committee, as it seeks to strengthen support for members expanding into Vietnam. The move is aimed at providing Korean developers with stronger local networks, regulatory insight and project collaboration opportunities as they enter the Vietnamese market, the association said. Tran is widely regarded for his experience in business development and external partn

2026-04-22 11:05:09:00

SK hynix breaks ground on Indiana AI chip facility

SK hynix has begun construction of its first semiconductor facility in the United States, a key step in expanding advanced packaging capacity for artificial intelligence memory and strengthening its global supply chain. According to Herald Business on Tuesday, the company recently started piling work at its site in Indiana, marking the start of foundation construction for an AI-focused advanced packaging plant. Groundwork is expected to continue for several months, with above-ground construction

2026-04-21 16:20:52:00

Kospi rally signals structural shift: KRX chief

Korea Exchange CEO Jeong Eun-bo said South Korea’s recent stock market rally signals a structural shift rather than a short-term, liquidity-driven surge, pointing to improving corporate fundamentals and policy reforms. In a recent interview with Herald Business, he said the Kospi’s sharp rise from around 2,500 in mid-2025 to above 6,000 reflects bigger changes in market dynamics. “This is not a rally driven by liquidity alone,” Jeong said. “It is the result of efforts to enhance corporate value

2026-04-21 16:20:32:00

SK hynix eyes June-July US listing, $10b deal seen

SK hynix is accelerating plans for a US listing, targeting June or July for its American depositary receipt offering, according to an exclusive Herald Business report Thursday. The report said the chipmaker had recently indicated the timeline to underwriters, signaling a shift from its earlier stance that the schedule remained undecided. Last month, SK hynix said it had confidentially filed a draft registration statement (Form F-1) with the US Securities and Exchange Commission, aiming to go pub

2026-04-16 11:26:12:00

W3.5b is the new entry to Korea’s top 1%

A South Korean household needs net assets of about 3.5 billion won ($2.6 million) to rank among the top 1 percent, a report showed Wednesday. According to the “THE100 Report” by NH Investment & Securities’ 100-Year Life Research Center, the cutoff stood at 3.48 billion won as of March 2025, up 5.5 percent from 3.3 billion won a year earlier. Top 1 percent households had an average net worth of 6.08 billion won, with a household head aged 63 on average and 2.84 members per household. More than 74

2026-04-15 17:21:39:00

SK hynix ‘king jobs’ back as bonus hopes soar

SK hynix has opened a new round of hiring for production roles, as expectations build for outsized bonuses amid a semiconductor upcycle. According to industry sources on Tuesday, the chipmaker posted openings for maintenance engineers and operators on its recruitment website, with applications open through April 22. Maintenance roles cover equipment upkeep and line operations, while operators handle quality testing and defect inspection in semiconductor production. Applicants must be high school

2026-04-14 15:31:49:00

NPS rides chip rally to record equity gains

South Korea’s National Pension Service saw the value of its domestic equity holdings nearly triple over the past year, with more than half of the gains concentrated in two tech giants — Samsung Electronics and SK hynix. According to data released Tuesday by Leaders Index, which analyzed 267 listed firms in which the NPS holds stakes of at least 5 percent, the pension fund’s equity holdings rose to 353.3 trillion won ($240 billion) as of April 10, from 129.2 trillion won at the end of 2024. The i

2026-04-14 15:26:53:00

SK hynix shares hit record high on earnings optimism

Shares of SK hynix surged to a record high on Tuesday, both in terms of closing price and intraday trading, driven by growing expectations of strong first-quarter earnings. The rally came amid a sharp rebound in the broader market as the benchmark Kospi reclaimed the 6,000-point threshold during trading. The chipmaker wrapped up daytime trading at a record high of 1.103 million won ($745), advancing 6.06 percent from the previous session. During trading, it reached as high as 1.128 million won,

2026-04-14 11:11:22:00

Korea brokerages ride trading boom despite market turmoil

South Korean brokerage houses are expected to post strong first-quarter earnings, buoyed by a surge in trading activity despite heightened market volatility driven by geopolitical tensions and macroeconomic pressures. According to financial data provider FnGuide on Tuesday, the combined net profit attributable to controlling shareholders for major brokerages — including Korea Investment Holdings, Mirae Asset Securities, Samsung Securities, Kiwoom Securities and NH Investment & Securities — is es

2026-04-14 11:06:38:00