LG marks Life's Good Day

LG Electronics CEO Lyu Jae-cheol (second row, fifth from left) poses with employees at the company's Life's Good Day event at LG Twin Towers in Seoul on Monday. The event features "Seondangpo," a pop-up program where employees pledge acts of initiative and kindness in exchange for brand-themed experiences, part of LG's effort to spread its Life's Good values across workplaces nationwide. (LG Electronics)

2026-07-15 15:11:38:00

LG Energy Solution to supply batteries for Google’s largest solar-storage project

LG Energy Solution will supply batteries for Google’s largest solar and energy storage project, extending its push into power infrastructure tied to surging demand from AI data centers, industry sources said Wednesday. Google and renewable energy developer Cypress Creek Energy unveiled the Steel River Energy Center in Arkansas on Tuesday. The project will initially pair 1.6 gigawatts of solar generation with about 2 gigawatt-hours of battery storage before expanding to 2.5 GW of solar and 2.9 GW

2026-07-15 15:11:00:00

Samsung retakes smartphone crown amid memory crunch

Samsung Electronics reclaimed the top spot from archrival Apple in the global smartphone market in the second quarter, as industrywide shipments fell to their lowest level for the period since 2013 amid a memory supply crunch. Samsung captured a 24 percent share of global shipments, overtaking Apple at 20 percent, according to preliminary data released Tuesday by Counterpoint Research. Apple led in the first quarter with 21 percent, compared with Samsung’s 20 percent. Samsung’s gains were driven

2026-07-14 14:15:30:00

Peak or supercycle? Chip outlook faces crucial test

A record-breaking memory rally collided with peak-cycle fears Monday as Samsung Electronics and SK hynix suffered double-digit losses, reviving concerns that the boom is nearing its peak even as bullish investors argue that AI demand will extend the cycle. By Monday’s close, Samsung had fallen 10.7 percent to 254,500 won ($169), while SK hynix had plunged 15.4 percent to 1.84 million won. The rout in the two market heavyweights helped drag the Kospi down nearly 9 percent as investors locked in p

2026-07-13 15:31:47:00

Memory giants race to expand AI chip capacity

Samsung Electronics, SK hynix and Micron Technology, the world's three largest memory chipmakers, are racing to expand production capacity as demand for artificial intelligence infrastructure continues to outpace supply. According to World Semiconductor Trade Statistics, the global semiconductor market is expected to grow 90 percent this year to $1.51 trillion. The memory market alone is forecast to surge 250 percent to $803.9 billion. The three rivals are accelerating investment in new fabricat

2026-07-12 14:25:03:00

Gwangju's fast-track chip hub hinges on airport relocation

South Korea’s recent decision to build a semiconductor cluster on Gwangju’s military air base rests on an attractive premise: the vast state-owned site could be developed faster than most alternatives. Whether that speed advantage holds will depend on the next phase of the project — relocating the active air base and advancing talks with Muan, South Jeolla Province, the preliminary relocation site. Earlier this week, the government confirmed the 8.26 million-square-meter site as a key base for t

2026-07-08 15:40:47:00

Samsung tops Nvidia with record Q2 operating profit

Samsung Electronics appears to have overtaken Nvidia to post the world’s largest quarterly operating profit among major tech companies, reporting a record 89.4 trillion won ($58.6 billion) for the second quarter on booming demand for AI memory chips. Samsung said Tuesday its preliminary operating profit for the April-June period surged 1,810.3 percent from a year earlier. Revenue jumped 129.3 percent on-year to an all-time high of 171 trillion won. The operating profit also beat the market conse

2026-07-07 14:29:01:00

Samsung Q2 profit hits record W89.4tr, up 1,810% on-year

Samsung Electronics said Tuesday its second-quarter operating profit surged to a record 89.4 trillion won ($61 billion), beating market expectations as booming demand for AI-related memory chips continued to power its earnings. The preliminary figure jumped 1,810.3 percent from a year earlier, the company said in a regulatory filing. Revenue rose 129.3 percent on-year to 171 trillion won. The operating profit also came in 6.2 percent above the market consensus of 84.16 trillion won compiled by Y

2026-07-07 07:48:30:00

KT unveils W18tr AI push under new CEO

KT announced Monday that it will invest 18 trillion won ($12 billion) to accelerate its shift into an AI-driven platform company, while reinforcing its core telecom, security and network infrastructure. The plan, unveiled by CEO Park Yoon-young at his first press conference since taking office in March, marks one of the telecom carrier’s most aggressive investment pushes as it seeks growth beyond its traditional mobile and broadband business. “KT’s fundamental role in connecting the country does

2026-07-06 14:15:56:00

Hanwha, Hyundai unveil W97tr investment plan for southeastern Korea

Major Korean conglomerates unveiled a combined 312 trillion won ($204 billion) in investment plans for the Yeongnam region in southeastern Korea on Friday, as the country pushes to build regional bases for AI-powered industries. Hanwha Group and Hyundai Motor Group announced a combined 97 trillion won over the next decade, targeting aerospace, defense, future mobility and advanced manufacturing. Samsung Group followed with a 60 trillion won plan for AI transformation, robotics, batteries and shi

2026-07-03 17:40:02:00