Heekyong Yang

Samsung Electronics sought to inject impetus into its memory and foundry chip units by appointing new leaders on Wednesday, as it scrambles to catch SK Hynix and Taiwan's TSMC in the booming AI chip market.

Hyundai Motor will name Jose Munoz, the current global chief operating officer, as its new chief executive officer later on Friday, a news report said, citing unnamed industry sources.

North Korea staged GPS interference on Friday and Saturday, affecting the operations of ships and private aircraft, South Korea's military said on Saturday.

South Korea's trade minister said on Wednesday he saw domestic companies investing more in the United States if the next U.S. administration introduces higher tariffs.

Samsung Electronics said it would focus on producing high-end chips and was making progress on a major supply deal, as it sought to allay investor concerns over its semiconductor business that suffered a 40% quarter-on-quarter profit plunge.

South Korean battery maker LG Energy Solution said on Monday it had a "conservative" view of revenue growth next year and that it will significantly reduce capital expenditure due to slowing electric vehicle demand, after booking a 39% third-quarter profit drop.

Korea Zinc said on Monday it has secured 9.85% of the company's shares in a $1.5 billion buyback that it launched to block shareholders from selling their stakes to its top investor Young Poong and private equity firm MBK.

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and said demand for high-bandwidth memory (HBM) chips would continue to outpace supply next year.

Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that will be the country's largest share offering yet.

Samsung Electronics warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance with the tech giant lagging its rivals in supplying high-end chips to Nvidia in the booming AI market.

Samsung Electronics is not interested in spinning off its contract chip manufacturing business as well as its logic chip designing operation, Chairperson Jay Y. Lee told Reuters on Monday.

Private equity firm MBK Partners and Young Poong on Friday raised their tender offer price for shares in Korea Zinc to match a counteroffer, as a takeover battle heats up for the world's biggest refined zinc producer.

South Korea's LG Display said on Thursday it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL's LCD unit CSOT for 10.8 billion yuan ($1.54 billion).

South Korea's antitrust regulator has launched a probe into the local unit of Mercedes-Benz, an official at the Korea Fair Trade Commission (KFTC) said on Tuesday, without elaborating.

Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybrid lineup to counter a slowdown in global electric vehicle (EV) demand.

South Korea's Samsung SDI said on Wednesday it has completed an agreement with General Motors to build a joint electric vehicle (EV) battery factory in the U.S. state of Indiana.

South Korea's SK Innovation , parent of the country's largest oil refiner and battery maker SK On, said on Tuesday that shareholders had approved a merger with energy affiliate SK E&S as part of a major restructuring of the conglomerate.

A fire at a hotel in South Korea has killed seven people and injured 12 others, fire authorities said on Friday.

The head of Mercedes-Benz in South Korea will meet on Wednesday residents of an apartment complex damaged by a fire that started in one of its electric vehicles (EVs) and burned for more than eight hours, stoking public safety fears.

South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that took eight hours to put out.