Samsung Electronics, Shinhan and 11 Other Korean Firms Join 140-Company OUSD Dollar Stablecoin Consortium
Samsung Electronics, Shinhan Financial Group and 11 other Korean firms join the 140-member Open Standard consortium alongside Visa, Mastercard, Stripe, Coinbase, and BlackRock to co-launch OUSD — a zero-fee B2B dollar stablecoin — before end-2026. Kakao Dunamu, Kakao Bank, KBank, Samsung Card and eight card networks round out Korea's 13 founding participants.
Samsung SDI CEO Targets 2026 Performance Turnaround, Calls for Full 'AI Native' Transformation at 56th Anniversary
Samsung SDI CEO Choi Joo-seon pledged a 2026 performance turnaround and full AI Native transformation at the battery maker's 56th anniversary ceremony in Yongin.
SK Hynix Files Amended Nasdaq F-1, Disclosing KRW 11.94T EUV Equipment Budget Ahead of July 10 Debut
SK Hynix files amended SEC F-1, detailing KRW 11.94T for EUV equipment, KRW 31T for Yongin Y1 fab and KRW 19T for Cheongju HBM plant ahead of July 10 Nasdaq debut.
KB Financial Deploys KRW 188.5B From Social Fund to 148 Enterprises, Portfolio Revenue Surges Tenfold
KB Financial Group has deployed KRW 188.5 billion from its social investment fund across 148 enterprises, recording tenfold revenue growth for portfolio companies.
South Korea Unveils KRW 896 Trillion Southwest Semiconductor Megaproject as Samsung and SK Anchor Gwangju Cluster
South Korea's President Lee Jae Myung unveiled KRW 896T in Samsung and SK pledges for a new Gwangju-centred semiconductor cluster, anchored by Samsung's KRW 400T fab commitment, KRW 17T national AI computing center and SK Group's KRW 470T buildout.
South Korea's KFTC Opens $547 Million Case Against Google Over App Store 'Project Hug'
Korea's Fair Trade Commission formally accuses Google of market abuse via its Games Velocity Program, citing USD 9.1B in affected revenue and a potential USD 547M fine.
Lotte Group Nears KRW 1.3 Trillion Sale of Rental Unit to TPG, Igniting Kakao Mobility Merger Speculation
Lotte Group sells 61.18% of Korea's top car-rental firm to TPG at KRW 58,000/share, a 25% discount vs Affinity. TPG may merge it with Kakao Mobility for a KRW 8T mobility platform.
SK and KKR Seal 49:51 Renewable Energy JV to Launch Korea's Largest Clean-Power Platform
SK Inc. and KKR finalize a 49:51 joint venture to consolidate South Korea's largest renewable energy platform, targeting 10 GW of capacity by 2031 from a 1.7 GW base.
Chip Boom Vaults South Korea Into the $100 Billion Monthly Export Club, Fourth Country in History
South Korea posted USD 102.25 billion in exports in June 2026 — its first time exceeding the USD 100 billion monthly threshold — joining Germany, China, and the US as only the fourth country in history to reach this milestone. Semiconductor exports led at USD 44.8 billion, up 199.5% year-on-year.
BOE Exits Galaxy S27 OLED Bid as Samsung Display Locks In All Flagship Models
BOE halted Galaxy S27 OLED development after Samsung Display lobbied against Chinese supply, keeping all four S27 models on South Korean panels and risking a consumer price hike.
EcoPro BM Prices KRW 1.2 Trillion Rights Issue to Fund Indonesia Nickel Push, Shares Plunge 19%
EcoPro BM launched a KRW 1.2T rights issue to expand its Indonesian nickel smelter stake, triggering a 19% after-hours stock drop on dilution fears.
Kolon Industries Puts PCB Resins and OLED Coatings Up for Sale as Lee Kyu-ho Steers Group Toward AI and Clean-Energy Materials
Kolon Industries is divesting its PCB epoxy-resin and OLED display-coating businesses via a Samjong KPMG process, while retaining its strategically valuable mPPO (AI semiconductor material) unit. Fourth-generation heir Lee Kyu-ho is driving the restructuring amid Kolon Global's high leverage of ~332% debt-to-equity. Q1 2026 operating profit rose 130% YoY to KRW 61.9 billion.