AI demand pushes LG Innotek chip substrate lines near full capacity

LG Innotek’s semiconductor substrate business is emerging as a key growth engine, with factories running at 80 percent of capacity as demand rises alongside the expansion of artificial intelligence infrastructure. According to the company’s 2025 business report released Thursday, the average use rate of its semiconductor substrate lines reached 80.8 percent last year, up sharply from 63.2 percent in 2023 and 75.6 percent in 2024. The rebound has driven strong growth in LG Innotek’s Package Solut

2026-03-13 11:13:14:00

Samsung severance pay lawsuits expand across affiliates

South Korea’s top court ruling that a key performance bonus at Samsung Electronics should be included in severance pay calculations is triggering a wave of lawsuits not only against the tech giant but also across other Samsung affiliates. According to law firm APro on Friday, 38 additional former Samsung Electronics employees filed a lawsuit Thursday seeking recalculation of severance pay and unpaid compensation. The case was submitted to the Seoul Central District Court. The new filing adds to

2026-03-13 11:12:56:00

Foreign stock outflows hit record in February as investors take profits

Foreign investors pulled a record amount of funds from South Korea’s stock market last month as they locked in profits following a rally, central bank data showed Thursday. According to a report on international finance and foreign exchange markets released by the Bank of Korea, foreign investors sold $7.76 billion more Korean securities than they bought in February. The February figure marked the second-largest net outflow on record and ended a five-month streak of net inflows that had continue

2026-03-13 10:57:56:00

Stablecoins can cut costs of cross-border payments: Woori Financial digital chief

Woori Financial Group is exploring global partnerships to expand stablecoin-based cross-border payments as the government moves toward regulating digital assets. “Companies with overseas subsidiaries constantly need to send money abroad,” Ok Il-jin, executive vice president of digital innovation at Woori Financial, said in an interview with Herald Business in Seoul. “Stablecoins can significantly shorten settlement times and reduce transaction costs.” The group is reviewing ways to integrate sta

2026-03-10 14:04:27:00