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POSCO Group partners with China's Ningbo Ronbay on lithium and battery recycling
South Korean steelmaker POSCO Group has signed a strategic agreement with China's Ningbo Ronbay New Energy to supply lithium from Australia and Argentina and collaborate on spent-battery recycling initiatives.
SK hynix Announces 40 Trillion Won Share Buyback Plan
South Korean chipmaker SK hynix Inc. plans to repurchase 24.07 million common shares valued at 40 trillion won ($28.7 billion) to boost shareholder value through stock cancellation, citing that the company's current stock price is undervalued.
South Korean won strengthens past 1,400 level against U.S. dollar
The South Korean won appreciated to 1,397.7 per U.S. dollar on Wednesday, its strongest level in 11 months, driven by reduced U.S. rate hike expectations and exporter dollar selling, despite a significant decline in the local stock market.
삼성전자, 일부 첨단 파운드리 서비스 가격 최대 15% 인상
삼성전자가 4나노 및 5나노 등 첨단 파운드리 공정의 서비스 가격을 최대 15% 인상했습니다. 중국 기업들의 해외 파운드리 의존도가 높아진 가운데, 삼성전자는 평택 공장 가동률을 100% 유지하며 수요 대응에 나서고 있습니다.
Seoul shares drop nearly 6 percent amid global market volatility
The KOSPI index dropped 5.8 percent to 6,471.17 in Seoul, triggered by a sell-side sidecar suspension. The decline was led by heavy losses in Samsung Electronics and SK hynix, influenced by rising global oil prices and U.S. Treasury yields.
HD Hyundai Heavy Industries and SIMA Launch Landing Support Vessel for Peruvian Navy
South Korea's HD Hyundai Heavy Industries and Peru's SIMA launched the BAP Chimbote landing support vessel for the Peruvian Navy, attended by President Keiko Fujimori.