The Korea Economic Daily

The Korea Economic Daily Global Edition is an online news platform that shares insights and analyses about Korean companies, industries, and financial markets with a global audience. Available in seven languages, it offers valuable information on how Korean institutional investors allocate their assets, their future investment strategies, and the latest mergers and acquisitions. This platform serves as an essential resource for investors, business partners, buyers, and global asset managers looking for investment and business opportunities in Korea. This service is created and managed by KED Global News Network, a subsidiary of The Korea Economic Daily.

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SK Hynix joins Samsung in 200 trillion won market cap club

5 days ago | kedglobal.com | Jeong-Soo Hwang |Chae-yeon Kim

SK Hynix Inc. surpassed 200 trillion won ($147 billion) in market capitalization on Tuesday, becoming the second Korean stock in history to cross the threshold after Samsung Electronics Co.On Tuesday, the share price of SK Hynix jumped 7.32% to close at 278,500 won, outperforming the 2.96% gain in the broader Kospi index and the 4.31% rise in Samsung Electronics. Its market capitalization climbed to 202.75 trillion won based on the closing price, doubling in one and a half years.
Samsung on hiring spree to bolster US foundry sales

5 days ago | kedglobal.com | Jeong-Soo Hwang

Samsung Electronics Co. is on a hiring spree for senior sales managers in its foundry business, offering generous compensation packages, as it goes all-in to secure large contract chipmaking orders from US Big Tech firms. Following the March appointment of ex-TSMC sales executive Margaret Han to lead its US foundry unit in March, Samsung Foundry has posted senior sales manager positions on its website.
LS Electric poised to join Nvidia's supply chain via Vertiv deal

5 days ago | kedglobal.com | Eui-Myung Park |Jeong-Soo Hwang |Chae-yeon Kim

LS Electric Co., a South Korean industrial system supplier, is poised to deliver a large volume of power control equipment, including switchgears and circuit breakers, to Vertiv Co., a leading provider of liquid-cooling solutions used in Nvidia Corp.'s AI servers. LS Electric is in the final stages of negotiating the terms of the supply agreement with the world’s largest liquid-cooling system supplier, according to sources with knowledge of the matter on Monday.
Loss-making Lotte Chemical to sell water treatment unit to Synopex

1 week ago | kedglobal.com | Jin-Won Kim

Lotte Chemical Corp., South Korea’s second-largest petrochemical company grappling with mounting losses amid a prolonged industry downturn, will sell its water treatment business to a subsidiary of Synopex Inc. to focus on core businesses. The company announced on Friday that it had signed a deal with Synopex Membrane to sell its water treatment plant in Daegue, about 300 kilometers south of Seoul.
Samsung to thrash out strategy amid Trump, Middle East crisis

1 week ago | kedglobal.com | In-Soo Nam

Samsung Electronics Co., South Korea’s most valuable company, is convening its most senior executives this week to plot its path back to the top of the memory chip market and work out strategies to meet growing geopolitical and trade challenges.
SK, AWS to build South Korea’s largest, multibillion-dollar AI data center

1 week ago | kedglobal.com | In-Soo Nam

South Korea’s second-largest conglomerate SK and Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, will build a 103-megawatt AI data center in the country amid fierce global competition for AI dominance. The two partners will break ground in August on a facility equipped with 60,000 graphics processing units (GPUs) – the largest number of GPUs deployed in any data center in Korea – after a launch ceremony later this month, people familiar with the matter said on Monday.
IFEZ to apply for designation of southern Gangwha as free economic zone

2 weeks ago | kedglobal.com | In-Soo Nam

The Incheon Free Economic Zone (IFEZ) Authority is set to submit its final application by the end of June to designate the southern end of Ganghwa Island as a free economic zone – a move that officials described as “the final piece” in IFEZ’s longstanding development blueprint. The authority announced on Wednesday that it is entering the final administrative phase to secure approval for the project in Ganghwa, which is located adjacent to Incheon International Airport.
POSCO Future M breaks with China in cathode supply chain

2 weeks ago | kedglobal.com | Jin-Won Kim

GWANGYANG, SOUTH JEOLLA – POSCO Future M Co., South Korea’s leading battery materials maker, has secured a China-free cathode material supply chain after completing a new precursor plant in the southern port city of Gwangyang, the company said on Tuesday.
Lee Jae-myung to meet with top business leaders ahead of G7 summit

2 weeks ago | kedglobal.com | Jae-young Han |Hyung-kyu Kim

South Korea’s newly elected President Lee Jae-myung plans to meet with the heads of the country’s top business leaders before departing for the Group of Seven (G7) summit in Canada next week, people familiar with the matter said on Monday. The Office of the President is coordinating a meeting for June 12 or 13, ahead of Lee’s trip to the G7 summit in Alberta, Canada, from June 15 to 17, sources said.
S.Korea’s Lee to make diplomatic debut at G7 after phone call with Trump

3 weeks ago | kedglobal.com | Hyung-kyu Kim

South Korea’s new President Lee Jae-myung will attend the summit of the Group of Seven (G7) advanced countries in Alberta, Canada next week, marking his first foray onto the global diplomatic stage since taking office on June 4. The meeting, scheduled for June 15–17, will bring Lee face-to-face with US President Donald Trump and other world leaders for the first time, his office said.