Samsung Electronics said on Tuesday that co-CEO Han Jong-hee had died of a heart attack, leaving newly-appointed boss Jun Young-hyun solely in charge of the tech giant as it revamps its underperforming chip business and navigates trade uncertainties.
Samsung Electronics said on Wednesday it is looking to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year.
Two South Korean steelmakers said they were considering new investment options in the United States, while Europe's steel mills warned of a flood of surplus metal as increased tariffs on U.S. steel and aluminium imports came into force on Wednesday.
The chief executive of South Korean battery maker Samsung SDI said on Wednesday demand for electric vehicles will remain sluggish until the first half of next year.
South Korea on Monday announced plans to secure 10,000 high-performance graphics processing units (GPUs) within this year in a bid to keep pace as the global AI race escalates.
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.