Korea's Shipbuilders Set to Lose CA$30 Billion Canada Submarine Contract to Germany's Thyssenkrupp
South Korea's shipbuilding consortium — Hanwha Ocean and HD Hyundai Heavy Industries — is poised to lose the CA$30 billion Canadian submarine contract to Germany's Thyssenkrupp Marine Systems, local media reported Monday. The total program is valued at up to CA$50 billion for 12 submarines, representing a significant setback for Korea's defense export push.
Apple's First Foldable iPhone Set to Reshape Panel Market; Samsung Display Poised to Gain Share
Counterpoint Research forecasts 2026 foldable panel shipments at 27.5M units (+24% YoY) and revenue at $4.4B (+48%), driven by Apple's first foldable iPhone entry in H2. Samsung Display expanded Q1 market share from 15% to 22% and is well-positioned to capture Apple supply contracts.
E-Mart and Lotte Shopping Race to Lock In Homeplus Customers as Korea Hypermarket Shifts to Duopoly
With Homeplus closing 37 stores in June, E-Mart and Lotte Shopping are already posting double-digit nearby-store sales gains. Korea's hypermarket sector is restructuring to a duopoly — and the full benefit has yet to hit Q2 earnings.
Korea Battery Trio Q2 Turn: LG Energy Leads on US Subsidy
LG Energy Solution (373220.KS), the largest of Korea's three lithium-battery makers, is expected to swing back into the black when it reports second-quarter res
Samsung Electronics (005930.KS) Q2 Record; KOSPI at 7,938
Samsung Electronics (005930.KS), the world's largest memory-chip maker, is expected to report a historic quarter when it publishes preliminary second-quarter re
Hanmi Pharma Acquires Aptose Biosciences for USD 41M, Bringing Tuspetinib AML Drug Back In-House
Hanmi Pharmaceutical closes USD 41M acquisition of Aptose Biosciences (June 30, 2026), repatriating its tuspetinib AML drug from a financially distressed Canadian partner. TUSCANY Phase I/II trial shows 86.2% composite complete response rate at EHA 2026.
Samsung (005930.KS), SK Hynix Drop Mattson Ahead of US Curbs
Samsung (005930.KS), SK Hynix Drop Mattson Ahead of US Curbs
Celltrion (068270.KS): Q2 Op Profit Up 77%, Shares Down 20%
Celltrion (068270.KS), South Korea's largest biosimilar maker, reported preliminary second-quarter 2026 results on July 3 showing operating profit up 77.3% to ₩
Korea Opens Won Market to Near-24-Hour Trading on July 7, Targeting Structural NDF Reliance
Korea extends KRW spot-trading to near-24 hours from July 7, targeting 80% NDF dominance. Impact on KOSPI foreign investors, bank FX dealers, and won volatility analysed.
Samsung SDI (006400.KS) Converts Idle EV Lines to Storage
Samsung SDI (006400.KS), South Korea's third-largest battery maker, is converting stalled and underused electric-vehicle battery lines in the United States and
SK Telecom Targets 15 GW AI Data Center Capacity by 2035, Partners AWS and Nvidia
South Korea's largest carrier plans 15 GW of AI compute capacity by 2035, anchored by an AWS hyperscale facility in Ulsan. SK Group affiliates including SK Hynix will supply chips across the value chain.
LG Chem Enters Semiconductor Stripper Market With Amkor Technology Deal, Eyes KRW 2 Trillion Materials Revenue
LG Chem entered the semiconductor stripper market on July 5, announcing a mass-production supply deal with Amkor Technology. The customized stripper cuts photoresist removal time by 50% and supports the company's target to double electronic materials revenue to KRW 2 trillion by 2030.