SK Hynix Confirms Nasdaq ADR Listing on July 10, to Raise Up to KRW 45.5 Trillion for Yongin Chip Cluster
SK Hynix board approved a Nasdaq ADR listing on July 10, issuing 17.79 million new shares worth KRW 45.5 trillion (~USD 29B) to fund the Yongin chip cluster, Cheongju packaging fab, and EUV tools. The deal would top Alibaba's record 2014 US offering.
HD Construction Equipment Launches DEVELON 20-Ton Excavator at Pune Hub, Targets 23,000-Unit Middle East/Africa Market as Regional Sales Jump 68%
HD Construction Equipment (267270.KS) launched its new DEVELON 20-ton excavator at its Pune, India manufacturing hub on June 24, targeting the Middle East and Africa as regional sales surged 68.1% in 2026.
EcoPro Materials Swings to Profit in Q1 2026 as Indonesian Smelter Consolidation Drives 22% Revenue Jump
EcoPro Materials posts Q1 2026 consolidated operating profit of KRW 15.7B, reversing a KRW 14.8B loss a year earlier, as the first-time consolidation of PT Green Eco Nickel drives revenues 22% higher to KRW 166.5B.
Hyundai Mobis Q1 2026: Revenue Up 5.5% to KRW 15.6T, Net Income Slides 14% on Equity-Method Gap
Hyundai Mobis posted Q1 2026 revenue of KRW 15.56 trillion (+5.5% YoY), with operating profit up 3.3%, while net income fell 14.4% on lower equity-method gains from affiliates.
Samsung SDI Issues Equipment Orders for Indiana ESS Conversion, Targeting 31 GWh LFP Capacity as EV Demand Slumps
Samsung SDI issues LOI and purchase orders to Korean equipment makers including Innometry and Phil Energy to convert three StarPlus Energy lines from EV to ESS LFP battery production.
Lotte Shopping Q1 2026: Operating Profit Surges 71% as Cost Discipline Offsets Soft Demand
Lotte Shopping (023530.KS) posted Q1 2026 operating profit of KRW 252.9 billion, up 70.6% year-on-year, as cost controls and cinema recovery offset modest top-line growth of 3.6%.
K-Beauty M&A Trap: Western Giants Watch Brands Wither as Domestic Players Eye Buybacks
Unilever, Estée Lauder, and L'Oréal paid billions for Korean beauty brands only to watch earnings decline. Now domestic operators are buying back at deep discounts.
Flashlight Capital Takes USD 40 Million Stake in Samsung Affiliate S-1 Corp, Demands Independent Directors and Cash Return
Activist fund Flashlight Capital discloses a USD 40 million (approximately 2%) stake in S-1 Corporation (012750.KS) and issues a five-point governance overhaul plan targeting Korea's largest security company, citing a 3.3x EV/EBITDA valuation versus 12.0x for domestic peer SK Shieldus.
Kia Union Demands KRW 2.72 Trillion Bonus and Veto Over Robot Deployment as Korea's Yellow Envelope Act Takes Hold
Kia Corp's union has demanded KRW 2.72 trillion in bonuses and veto power over spending plans and new vehicle programs, citing Korea's Yellow Envelope Act effective March 2026.
POSCO DX Q1 2026: Operating Profit Collapses 84% as Parent Group's Capex Pullback Deepens
POSCO DX reported Q1 2026 operating profit of KRW 3.7 billion, down 84% year-on-year, as revenue fell 18.6% to KRW 241.5 billion amid reduced capital spending across the POSCO Group.
South Korea Stays in MSCI Emerging Markets for Third Straight Year as Won Convertibility Gap Delays USD 24 Billion Inflow to 2028
MSCI keeps South Korea classified as an emerging market in its 2026 review, citing limited Korean won convertibility. A developed-market upgrade—worth an estimated USD 24 billion in passive fund inflows—is now deferred to 2028 at earliest.
Microsoft and Chevron Sign 20-Year Power Deal for 2.67 GW Texas AI Data Center, Boosting Korean Memory Demand Outlook
Microsoft and Chevron have signed a 20-year power supply agreement to develop Project Kilby, a proposed West Texas AI data center with 2.67 GW of capacity — one of the largest in the US. The deal, backed by Engine No. 1 ESG fund, targets a 2028 production start and signals sustained hyperscaler demand for Korean HBM and DRAM chips from Samsung Electronics and SK Hynix.