L&F Signs Pre-IPO Stake in CIS Chemical as Korea's Battery Makers Race to Internalize Critical Mineral Recycling
L&F (066970.KQ) has inked a pre-IPO strategic investment in CIS Chemical, a Korean battery mineral recycling specialist with 20,000 t/year NiCo MHP capacity and proprietary SSX lithium recovery technology, targeting KOSDAQ Q3 2026.
LG Chem Clears FDA Hurdle for LG00313112, a Novel Covalent TP53 Inhibitor for Rare Solid Tumors
LG Chem (051910.KS) won U.S. FDA IND clearance for LG00313112, a first-in-class covalent TP53 Y220C inhibitor licensed from Frontier Medicines, targeting ovarian, lung, and breast cancers in Phase 1/2 trials.
US Consumers File 'Chipflation' Antitrust Suit Against Samsung, SK Hynix and Micron in California Federal Court
US consumers and small businesses have filed a class action antitrust suit against Samsung, SK Hynix and Micron, alleging the DRAM oligopoly coordinated supply cuts — hiding behind the HBM pivot — to drive a 700% price surge in standard memory.
SK Bioscience Q1 2026: CDMO Revenue Surges as IDT Biologika Ramps Up, R&D Spend Triples Operating Loss
SK Bioscience (302440.KS) Q1 2026: Revenue KRW 168.6B (+9.1% YoY), CDMO 75.8% of mix. Operating loss KRW -44.5B triples as R&D hits 35.4% of revenue. IDT Biologika utilization improves to 59.4%.
Samsung's Chip Division Caught Off Guard by Honam Fab Plan, Insiders Warn of Logistics Gaps and Cycle Risk
Samsung DS working-level executives were reportedly blindsided by President Lee's KRW 800 trillion Honam fab announcement. Insiders flag Yongin already stalled 7 months, logistics inefficiency, engineer shortage, and memory cycle timing risk as key concerns.
Foreign Investors Post All-Time KRX Net Sell Record of KRW 7.7 Trillion in Samsung, SK Hynix
Foreign investors offloaded a record KRW 7.7 trillion of Samsung Electronics and SK Hynix on June 29, while KOSPI closed just -0.2% as capital rotated into LG Energy Solution, Samsung SDI, and infrastructure stocks.
Hyundai Marine & Fire Insurance Q1 2026: Solvency Ratio Climbs to 207% as Net Profit Reaches KRW 223 Billion
Hyundai Marine & Fire Insurance posted Q1 2026 standalone net profit of KRW 223.3B with K-ICS solvency ratio reaching 207.2%, while FY2025 consolidated profit rose 19.9% YoY to KRW 1.02T.
IMM Private Equity Acquires CGBio for KRW 1.1 Trillion, Backed by USD 1.6 Billion J&J Novosis Contract Through 2040
IMM Private Equity acquires 51% of CGBio for KRW 561B, valuing the Korean regenerative medicine company at KRW 1.1 trillion, underpinned by a USD 1.6B J&J DePuy Synthes distribution contract through 2040.
Lee Jae-yong Maps Samsung's Four-City Blueprint: Songdo for Bio, Gwangju for Chips, Gumi for Robots, Ulsan for Batteries
Samsung Electronics Chairman Lee Jae-yong unveiled a four-sector, four-city industrial roadmap on Sunday, designating Incheon's Songdo district as what he called "the world's largest bio cluster" whil
Samsung Group Backs 6,700 Partners With KRW 3.5 Trillion Mutual-Growth Fund as 12 Affiliates Sign Pact
Samsung Group's 12 affiliates committed a combined KRW 3.5 trillion fund for roughly 6,700 supply-chain partners, guaranteeing faster payment terms and cost-sharing as South Korea's FTC calls supplier
Hyundai Elevator Q1 2026: Revenue Falls 8.2% as Korea Construction Slump Deepens
Hyundai Elevator (017800.KS) reported Q1 2026 consolidated revenue of KRW 545.8B (-8.2% YoY) and operating income of KRW 40.5B (-16.3%), with operating margin shrinking 70 bps to 7.4%. Net income fell 22.4% to KRW 27.1B. Korea elevator installations fell 26% in 2025, pressuring new-unit demand. The company maintains a KRW 2.24T order backlog and is expanding globally with its modular ENOBLOC installation system.
Kiwoom Securities in Exclusive Talks to Acquire Bithumb Stake as Korean Brokers Race for Crypto Foothold
Kiwoom Securities is negotiating to acquire a stake in Bithumb through a third-party share issuance, joining Samsung Securities and Mirae Asset in Korea's broker–crypto exchange consolidation race.