SK On CEO Lee Seok-hee Steps Down After Completing Ford JV Exit; Lee Yong-wook Takes Sole Helm
SK On President Lee Seok-hee is stepping down at end of May 2026 on health grounds after sealing the BlueOval SK dissolution with Ford. Lee Yong-wook takes sole CEO helm as SK On posts ₩349B operating loss in Q1 2026.
Samsung's Smaller Union Asks Court to Block Record Chip-Bonus Deal Backed by Larger Unions
A minority labor union at Samsung Electronics (005930.KS), the world's largest memory-chip and television maker, said Friday it will keep fighting in court to stop a freshly ratified wage agreement th
Kakao Nears First-Ever Strike Over Pay vs. Record Profit
Kakao management declared the union's demand for 13-15% of operating profit as performance pay an unbearable burden on company survival, while announcing contingency plans ahead of a first-ever strike
Samsung, SK Hynix Join Anthropic's $65B Round; Foundry Order Unconfirmed
Samsung Electronics , the world's largest memory-chip maker, and SK Hynix , the global leader in high-bandwidth memory , have joined the Series H funding round of Anthropic, the U.S. developer of the
K-water Drill Cements KakaoTalk in Korea Disaster Alert
K-water staged a flood-season drill at Soyang Dam on May 28, confirming KakaoTalk (035720.KS) as one of three official channels for alerting downstream residents to dam discharges before Korea's June
Nvidia's Jensen Huang Heads to Korea After GTC Taipei to Court Four Chaebol Chairmen on HBM and Physical AI
Nvidia CEO Jensen Huang is set to visit Korea in early June after GTC Taipei, meeting Samsung, SK Hynix, LG and Hyundai chairmen on HBM supply and physical AI.
Korea's FSS Opens Wash-Trading Probe Into Samsung-SK Hynix Single-Stock Leverage ETFs One Day After Debut
Korea's Financial Supervisory Service opened a wash-trading probe into single-stock leverage ETFs tied to Samsung Electronics and SK Hynix, one day after the products drew record day-one retail flows
Samsung 2026 Wage Deal Done; Union Sheds 6,000 in DS-DX Rift
Samsung's largest union shed 6,000 members in days after the 2026 wage deal passed at 73.7%, as the DS chip division split from DX over a bonus formula tied to semiconductor profits.
LG Energy Solution: $1.6B ESS Deal With DTE Lifts Shares 15%
LG Energy Solution signed a $1.6 billion (₩2.4 trillion) two-year ESS supply contract with DTE Energy for 6 GWh of batteries, sending shares up 15% on May 28.
Kakao Strike Looms as Wage Talks Fail; Stock at 52-Week Low
Kakao Corp. faces its first general strike in 16 years after a second round of government-mediated wage talks broke down on May 27. CEO Chung Shin-a apologized, and the union has set a June 10 Pangyo
Korea's First Single-Stock Leverage ETFs Pull ₩3.5 Trillion on Debut; All 18 Products Halt as SK Hynix Crosses $1 Trillion
Korea's first single-stock leveraged ETFs drew about ₩3.5 trillion ($2.33B) of net inflows on debut, tripped both static and dynamic volatility halts across all 18 products, and helped push SK Hynix into the $1 trillion market-cap club at ₩1,598.6T (about $1.065T).
Three Samsung Affiliates Buy 4% of Upbit Operator Dunamu for ₩612.8 Billion, 33 Days Before Naver Absorption
Samsung Securities, SDS, and Card will jointly acquire 4% of Dunamu (Upbit's parent) for KRW 612.8 billion ($447M), 33 days before Naver Financial absorbs Dunamu in a KRW 15.1 trillion stock swap.