Lutnick Calls on Samsung and SK Hynix to Build U.S. Memory Factories as Micron Commits $250 Billion
U.S. Commerce Secretary Howard Lutnick publicly called on Samsung Electronics (005930.KS) and SK Hynix (000660.KS) to build more memory factories in America, speaking at Micron Technology's $250B US investment ceremony in Clay, New York on July 9. The statement creates fresh policy pressure on Korean chipmakers already committed to a combined ₩895T domestic semiconductor buildout.
Samsung SDI (006400.KS) Wins 66% of Korea's AI Grid-ESS
South Korea on July 10 awarded its first government-backed grid-ESS project — 640 MWh across 32 distribution lines — with Samsung SDI (006400.KS), Korea's prism
Samsung Electronics (005930.KS) Union Fights Voucher Bill
Samsung Electronics (005930.KS), the world's largest memory-chip maker, saw its biggest labor union—representing roughly 73,000 members, or about 57 percent of
Hyundai Motor Opens Korea's First Waste-to-Hydrogen Facility, Turning Sewage Sludge Into Fuel for 100 Cars a Day
Hyundai Motor Group opened HTWO Energy Cheongju on July 9, 2026 — Korea's first waste-to-hydrogen facility, producing 500 kg/day of clean hydrogen from municipal sewage sludge, with a 2030 target of 2 metric tons/day.
SK Hynix (000660.KS) Prices $26.5B Record Nasdaq ADR Debut
SK Hynix (000660.KS), the world's second-largest memory-chip maker and the dominant supplier of AI high-bandwidth memory, has priced its US share sale at $149 p
KakaoBank (323410.KS) Wage Talks Collapse, Strike Risk Rises
KakaoBank (323410.KS), Korea's largest internet-only bank by customer count, saw its 2026 wage and collective-bargaining negotiations break down after talks tha
Korea Claims No. 2 FDA Biosimilar Slot as Samsung Biologics' $280M U.S. Plant Anchors Next Growth Phase
Korea holds 19 FDA biosimilar approvals (No. 2 globally). Samsung Biologics completes $280M GSK Rockville acquisition, raising total CDMO capacity to 845,000L. H1 2026 saw 6 new approvals vs 18 in 2025.
Samsung (005930.KS) MX Unit Eyes First-Ever Quarterly Loss
Samsung Electronics (005930.KS) flashed preliminary second-quarter earnings guidance showing record group results this week — and brokerages now say the same me
KakaoPay (377300.KS) HQ Raided Over Alipay Data Transfer
South Korean police searched the headquarters of KakaoPay (KRX: 377300), the country's largest mobile-payment platform and an affiliate of messaging giant Kakao
SK Hynix Prices Nasdaq ADR at $149, 7× Oversubscribed Before SKHY Debut Tomorrow
SK Hynix has priced its Nasdaq ADR at USD 149 per share—7× oversubscribed—ahead of the SKHY debut on July 10. The ₩43 trillion raise is the second-largest foreign listing in US history after Alibaba's 2014 IPO, with proceeds earmarked for HBM capacity and EUV equipment.
Kia Names Production Expert Song Min-su Co-CEO as H1 Sales Reach Record 1.63 Million Vehicles
Kia appoints Song Min-su as co-CEO, creating a dual-leadership structure with CEO Song Ho-sung. H1 2026 global deliveries rose 2.7% YoY to a record 1.63 million vehicles, putting the automaker on track for its fourth consecutive year of record annual sales.
L&F and LS Group Complete 40,000-Ton NCM Precursor Plant at Saemangeum, Targeting Q4 2026 Commercial Launch
LLBS, the L&F-LS Group joint venture, has completed a 40,000-tonne-per-year NCM precursor facility at Saemangeum, targeting Q4 2026 commercial operation. Backed by over KRW 1 trillion in investment, the project enables vertical integration from refined nickel to finished cathode material and reduces Korea dependence on Chinese precursor suppliers.