Heekyong Yang

South Korea

Correspondent at Reuters

@Reuters correspondent tracking and covering the intersection of South Korea's corporate world and government

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Articles

Hyundai to suspend EV production in S Korea due to slow demand, US tariffs - Yonhap

6 days ago | zawya.com | Heekyong Yang

Hyundai Motor plans to temporarily suspend production of some of its electric vehicles (EVs) in South Korea due to slow demand and U.S. tariffs, Yonhap news agency reported on Thursday, citing unnamed industry sources. The South Korean automaker is expected to halt operations on some production lines from April 24-30 at its Ulsan complex, where it makes Ioniq 5 and Kona electric vehicles, Yonhap said.
What Samsung and Vietnam stand to lose in Trump's tariff war

1 week ago | arizonadigitalfreepress.com | Heekyong Yang |Hyunjoo Jin |Francesco Guarascio

When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term investment to make the country its biggest manufacturing base for display products. Since the South Korean conglomerate entered Vietnam in 1989, it has poured billions of dollars into expanding its global manufacturing footprint beyond China.
What Samsung and Vietnam stand to lose in Trump's tariff war

1 week ago | rnz.co.nz | Heekyong Yang |Hyunjoo Jin |Francesco Guarascio

By Heekyong Yang, Hyunjoo Jin, Francesco Guarascio, for Reuters Samsung would face a significant hit from US tariffs on VietnamSamsung may adjust production to mitigate impact, sources sayVietnam is seeking to negotiate with the US on trade and tariffsManufacturers already faced labour and tax challenges in Vietnam.
SK Hynix tops Samsung Electronics in DRAM market share for first time: Report

1 week ago | telecom.economictimes.indiatimes.com | Heekyong Yang

SEOUL: SK Hynix overtook Samsung Electronics for the first time to lead global revenues for dynamic random access memory (DRAM) chips in the first quarter of this year, according to market researcher Counterpoint Research. South Korea's SK Hynix, which has been the world's second-largest memory chip maker behind cross-town rival Samsung, held a 36% share of the DRAM memory chip market, followed by Samsung with 34% and Micron with 25%, Counterpoint Research said in a report.
South Korea announces emergency measures for auto industry hit by US tariffs | Reuters

2 weeks ago | reuters.com | Jihoon Lee |Heekyong Yang

South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.
South Korea announces emergency measures for auto industry hit by US tariffs

2 weeks ago | msn.com | Jihoon Lee |Heekyong Yang

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South Korea announces emergency measures for auto industry hit by US tariffs

2 weeks ago | marketscreener.com | Jihoon Lee |Heekyong Yang

SEOUL (Reuters) -South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States. The measures include financial support for the auto industry as well as tax cuts and subsidies to boost domestic demand, while the government also vowed efforts to negotiate with the U.S. and help expand markets.
韓国政府が自動車業界向け緊急支援策、トランプ関税の打撃軽減目指す

2 weeks ago | jp.reuters.com | Jihoon Lee |Heekyong Yang

４月９日、韓国政府は自動車業界向けの緊急支援策を発表した。写真は平沢の港で待機する輸出用の乗用車。２日撮影（２０２５年ロイター/Kim Hong-Ji） [ソウル９日ロイター] - 韓国政府は９日、国内自動車業界向けの緊急支援策を発表した。トランプ米大統領が発動した輸入自動車関税による打撃を和らげる狙いだ。近年、韓国から米国への自動車輸出は急増している。今回の支援策には、自動車メーカーへの今年の流動性対応として従来計画していた１３兆ウォンを１５兆ウォン（１０１億８０００万ドル）に拡大することや、今年６月まで自動車購入にかかる税率の５％から３．５％への引き下げ措置が盛り込まれた。また電気自動車（ＥＶ）に関しては、値引き分への助成比率が現行の２０─４０％から３０─８０％に高まり、適用期間も年末まで半年間延長される。さらに韓国政府は米国との交渉と二国間協力関係の強化を通じて、他の同盟国と比べて不利な待遇を受けないようにする努力を続けると約束し、自動車需要が伸び続けているアフリカや中南米、アジアなどの新興・途上国「グローバルサウス」での市場開拓を積極的に後押しするとしている。...
Samsung Q1 profit to drop 21% on weak AI chip sales, foundry losses

2 weeks ago | telecom.economictimes.indiatimes.com | Heekyong Yang

SEOUL: Samsung Electronics is expected to forecast a 21% drop in the first quarter profit on Tuesday, hurt by sluggish sales of artificial intelligence chips and continued losses in its contract chip manufacturing business. The world's biggest maker of memory chips, in the midst of a management reshuffle following the sudden death of co-CEO Han Jong-Hee in late March, is due to report preliminary first-quarter earnings on Tuesday.
Samsung appoints mobile chief as interim head of consumer unit

3 weeks ago | businesslive.co.za | Heekyong Yang |Hyunjoo Jin

Seoul — Samsung Electronics appointed its mobile chief Roh Tae-moon as acting head of its consumer and smartphone business on Tuesday, after the death of his predecessor, Han Jong-Hee, a week ago. Han had also served as the company’s co-CEO. His death left newly appointed boss Jun Young-hyun solely in charge of the South Korean tech giant as it revamps its underperforming chip business and navigates rising competition and trade uncertainties.