Shinsegae Posts 50% Operating Profit Surge in Q1 2026 on Duty-Free Rebound and Premium Retail Strength
Shinsegae's Q1 2026 consolidated operating profit surged 49.5% year-on-year to KRW 197.8 billion as duty-free revenues rebounded and department store sales grew 10.9%.
Samsung Targets HBM4 Long-Term Supply Deals With Nvidia and AMD After World-First HBM4E Samples
Samsung Electronics held its twice-yearly strategy meeting on June 18, with Vice Chairman Jeon Young-hyeon leading discussions on HBM4 and HBM4E supply roadmaps and long-term agreements with Nvidia, AMD, Broadcom, and Google.
LG Group Sends 30-Exec Team to Nvidia HQ to Advance M.A.P. Alliance Across Robotics, AI Data Centers, and Mobility
LG Group's ~30 executives head to Nvidia's California HQ on June 24, deepening a three-pillar M.A.P. (Mobility, AI Infrastructure, Physical AI) alliance that spans LG Electronics, LG Innotek, LG CNS, LG Energy Solution and LG Uplus.
SK Square Hits Record ₩1.891 Million Intraday, Outpacing SK Hynix as Index Cap Drives Proxy Demand
SK Square's shares touched a record intraday high of ₩1,891,000 in June, climbing 44% on the month as a 10% index weight cap on SK Hynix pushes institutional investors toward the holding company.
LG Energy Solution Hits 100,000 Global Patent Mark, First Battery Maker to Reach the Milestone
LG Energy Solution surpassed 100,000 global patent applications, becoming the first battery company in the world to reach the milestone, backed by record R&D spending of ₩1.33 trillion in 2024.
Kia Plans to Phase Out Granbird Bus After 55 Years as Chinese Rivals and Emissions Costs Bite
Kia Corp plans to discontinue its Granbird large bus within two years, ending 55 years of commercial vehicle production as Chinese rivals and stricter emissions rules squeeze margins.
JoongAng Group's Five Affiliates Enter Court Rehabilitation as JTBC's ₩700 Billion Sports-Rights Bet Unravels
JoongAng Ilbo filed for creditor-led workout on June 19 while JTBC and four affiliates sought court rehabilitation, triggered by a failed USD 500 million Olympic and FIFA broadcasting rights deal. Around ₩500 billion in PE capital faces uncertain exits.
Korea Gains a Point on MSCI Scorecard, but Wednesday's Reclassification Review Is the Real Test
MSCI cut Korea's minus-rated accessibility categories to five from six, upgrading investment-instrument availability. The annual classification review on June 23 will determine whether Korea re-enters the developed-market watchlist for the first time since 2014.
LG Display Headed for Another Q2 Loss, But Samsung Securities Lifts Target to ₩17,000 on a Restructuring Read
Mirae Asset Faces Extended FSS Probe After SpaceX IPO Delivers Zero Shares to Korean Investors
South Korea's FSS has extended its probe into Mirae Asset Securities after the brokerage received zero SpaceX IPO shares despite planning a USD 312.5 million allocation. The firm launched a ₩1 billion Customer Care Program for affected investors.
Doosan (000150.KS), LG CNS Sign AI and Data-Center MOU
SK Hynix Eyes August Nasdaq ADR Debut, Targeting USD 14 Billion in New Shares
SK Hynix is targeting an August Nasdaq ADR listing that could raise up to USD 14 billion, with SEC approval expected around June 22. The offering would make SK Hynix the first Korean chipmaker directly tradable on a U.S. exchange.