LG Uplus buys Pago Networks in first security M&A

LG Uplus said Tuesday it has acquired Pago Networks, a domestic specialist in managed detection and response services, in what the carrier called its first merger under a broader push to make security a growth business. MDR firms monitor a client's systems around the clock and act on threats as they surface, rather than just flagging them. The companies did not disclose the price, the stake or whether Pago becomes a consolidated subsidiary, citing confidentiality terms. LG Uplus is South Korea's

2026-08-04 12:12:07:00

Samsung foldables hit record 1.44m preorders, led by new Fold8

Samsung Electronics said its new Galaxy Z Fold8 Ultra, Fold8 and Flip8 drew 1.44 million preorders in South Korea over seven days, the highest figure ever recorded for a Galaxy smartphone. The tally, logged between July 28 and Monday, breaks the 1.38 million record held by the Galaxy Note10 since 2019, according to the company. It also tops the 1.35 million preorders for the Galaxy S26 series in March and last year's 1.04 million for the Fold7 and Flip7, a rise of nearly 39 percent. Samsung sai

2026-08-04 10:40:53:00

CXMT nears LPDDR6 validation days after record IPO

Chinese memory maker ChangXin Memory Technologies has reached a key stage in developing next-generation mobile memory, industry sources said, less than a week after its Shanghai debut made it the most valuable company listed on a mainland Chinese exchange. Chinese business outlet Yicai reported Saturday, citing unnamed industry sources, that a core CXMT affiliate had brought its first LPDDR6 chip to what the outlet described as the "tail end" of research-and-development validation, an important

2026-08-03 14:49:48:00

Disability rights group to stage rush-hour subway protest Monday

Disability rights activists will board a Line 4 train at Hyehwa Station at 8 a.m. Monday, beginning a month of weekly rush-hour protests timed to coincide with the government's vote on the 2027 budget bill. Solidarity Against Disability Discrimination, or SADD, said Sunday that activists will board a train bound for Dongdaemun, ride six stops to Seoul Station and march to the Korea Public Finance Information Service in Jung-gu. The group plans to carry out the same action on Aug. 10, 18 and 24,

2026-08-02 20:44:04:00

Bonus debate returns to SK hynix with stock pay proposal

SK hynix, whose profit-linked bonus formula helped trigger similar demands across South Korean industry, is now testing whether mandatory stock compensation could become the next model to spread. The chipmaker and its union will hold a fifth round of wage talks Tuesday at its campus in Cheongju, North Chungcheong Province. Minutes of the previous session released by the union show that management maintained a proposal to pay well over half of the annual profit-sharing award in shares and restric

2026-08-02 14:33:13:00

Samsung, SK hynix expand binding memory supply deals amid prolonged shortage

Samsung Electronics and SK hynix detailed their expanding use of multiyear memory supply agreements in back-to-back earnings calls Wednesday and Thursday, as major customers seek firmer access to capacity that is expected to remain tight through 2028. Samsung said Thursday that it plans to cover 60 to 70 percent of its memory production capacity through long-term agreements. The contracts generally begin with a five-year term and are reviewed annually, allowing another year to be added on a roll

2026-08-02 11:42:44:00

Appliances and auto parts lift LG Electronics to record Q2

LG Electronics reported Thursday an operating profit of 1.58 trillion won ($1.1 billion) for the second quarter, up 147 percent from a year earlier, on revenue of 23.83 trillion won. Both are second-quarter records. They match the preliminary numbers the company put out on July 7 to within a few billion won. What Thursday's disclosure added was the breakdown by division. Home appliances cleared 7 trillion won in quarterly revenue for the first time, at 7.08 trillion won, and earned 685.9 billion

2026-07-30 15:00:48:00

Samsung SDI posts first profit in seven quarters

Samsung SDI reported an operating profit for the second quarter, its first in seven quarters, and the figure far exceeded market expectations. Operating profit was 203.8 billion won ($141.6 million), the company said Thursday. Analysts polled by Yonhap Infomax had projected an operating loss of 14.8 billion won. A year earlier, Samsung SDI lost 397.8 billion won at the operating level. Revenue reached 3.77 trillion won, up 18.5 percent, and net profit came to 471.6 billion won. As the second-lar

2026-07-30 14:36:52:00

Samsung Electro-Mechanics profit doubles on AI server parts demand

Samsung Electro-Mechanics reported its highest quarterly revenue on record for the April-June period, with sales of multilayer ceramic capacitors for AI servers and high-end semiconductor package substrates driving both growth and profitability. Revenue reached 3.46 trillion won ($2.4 billion), up 24 percent from a year earlier, the company said Thursday. Operating profit more than doubled to 440.4 billion won, exceeding the 413.6 billion won consensus compiled by Yonhap Infomax by 6.5 percent.

2026-07-30 13:46:39:00

LG Energy Solution swings back to profit as storage batteries fill EV gap

LG Energy Solution returned to an operating profit in the second quarter, snapping two consecutive quarterly losses as the conversion of idle electric-vehicle lines to energy storage systems gained traction. The company said Thursday that April-June revenue rose 24.8 percent from a year earlier to 7.56 trillion won ($5.19 billion) and 15.3 percent from the previous quarter. Operating profit came to 113.3 billion won, down 77 percent on-year, but reversing a 207.8 billion won loss in January-Marc

2026-07-30 13:00:15:00